How Keeping Jeffries Can Work Out Well For Both Sides…
The thought of dealing Jeffries and his near $7 million bill for next season has most Knicks fans foaming at the mouth. Despite the Knicks
recent defensive surge that has been sparked by the tremendous play of the 6’11 jack of all (defensive) trades, fans see his contract as the evil that might prevent a second star from landing at the Garden next season.
You can lump me into that category of fan.
Despite his tremendous play this month, Jeffries is not worth $6+ million, not in this economic environment and not in this new wave of NBA finances. Players like Jeffries will not earn the kind of coin that he is currently making right now, especially when you consider the contracts that players like Jason Kidd, Ron Artest, and Rasheed Wallace signed prior to this season.
While I am not against trading Jeffries for the extra cap space this summer, I have to admit that if it was not for his contract, I would be all for keeping him in NY for the future. Jeffries has a stabilizing effect on this team on the defensive end. His ability to defend all five positions makes up for the defensive deficiencies of his teammates (especially at the top of the zone). Also, as I always say, defense is about heart, but it is also about positioning. Jeffries has a knack to be in the right position at the right time, which again covers the deficiencies of his teammates.
Jeffries is the type of player whose skills are valuable on good teams. Given that the Knicks intend to be a very good team next season and beyond (if they get a star free agent, ala LeBron James), Donnie Walsh has to decide if Jeffries is a player that should be a part of this team going forward. If the answer is YES, then how about this for an idea…
As far as I know, Jeffries has an option year next season for $6.8 million according to HoopsHype.com. That site is great and it is usually correct, or at least in the ballpark, when it comes to salaries. Like I said above, in this market, Jeffries would not sniff $6.8 million, so he is likely to pick that option up. As crazy as this might sound, my proposal is that Jeffries decline that option. My proposal is that he leave that money on the table and opt out of his current deal.
Upon declining his option, Jeffries would then be free to sign a new deal with the Knicks at a reduced rate. Such a move would essentially be the equivalent of restructuring his current contract.
This is why I believe this can work for both sides. Jeffries is having a good season thus far, even if his numbers do not say so. But the fact that fans want him traded speaks volumes about his perceived worth. Let us also keep in mind here that while Jeffries is helping this team win this year, his track record with the Knicks (he is in his 4th season as a Knick) is not impressive at all. On the open market, how much would Jeffries receive? Given the recent trends in the free agent market, it is safe to assume that Jeffries would not come close to $6.8 million.
If Jeffries were to opt out, the Knicks would be able to sign him to a deal above his market value, yet below the $6.8 million he is set to earn next year. Perhaps a back-loaded 3 year deal worth $11-12 million would work for Jeffries. Granted he stands to potentially lose money under this proposition when you factor in opportunity costs, a proposition such as this one would allow Jeffries to demonstrate how badly he wants to remain a Knick and remain in a system that suits his skills. Jeffries can help this team help itself, all while ensuring himself a job for the longer term, by opting out and re-signing with this team.
Walsh will likely explore trades for Jeffries before the deadline, but with the way he has played with this team and the way he will be able to play with this team when reinforcements come next season, I am not so sure if Walsh or D’Antoni want to see JJ leave.
The possibility of Jeffries opting out of his deal is not a rumor. It has not been reported as a strong possibility. I am simply just mentioning the idea. It makes a lot of sense to me. The bottom line would be to create cap space and to keep a rotation player (starter next season?) at the same time.
Thoughts?
About Chris Alvino
Chris Alvino grew up in Crestwood, NY. He graduated from Regis High School in 2005. There he played both basketball and baseball. Chris is currently a student at Boston College, where he practices with the varsity Women's Basketball Team (... seriously). Chris has been a Knicks' fan for years and can literally talk about them all day long, every day of the week. Chris enjoys writing on this blog and seeing what everyone out there has to say about it. View all posts by Chris Alvino →-
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