There was no way Portis could live up to that money. Bu…

There was no way Portis could live up to that money. But the 25-year-old put together some massive games — including single-handedly beating his former club, the Bulls, with 28 points in 30 minutes in a contest MSG Network replayed Tuesday night. Portis, quarantining in his home state of Arkansas, made $15 million this season and a $15.7 million team option exists for next season. “At the time of the signing it was a little high, but they got an option,’’ one NBA personnel director told The Post. “So to get that they had to pay the premium, but I can’t imagine they can keep him.”

More on Bobby Portis Free Agency

“Bobby was really terrific the last month heading into the shutdown,’’ his agent, Mark Bartelstein, told The Post. “He was getting comfortable with the guys he was playing with. He was trending toward a great finish to the season. “I think there was an adjustment period with a new team, the coaching change. There were a lot of things happening at the same time and that accounted for some rough spots.’’
“We’re thrilled to welcome Wayne, Taj, Elfrid, Bobby and Julius to New York,” said Scott Perry, general manager, New York Knicks. “Collectively, we’re adding a mix of extremely talented and experienced multi-dimensional players who will improve our team as we continue building out a deep and versatile roster. These players are all tough-minded, motivated and ready to compete, and we’re excited to have them as part of the Knicks family.”
Fred Katz: Wizards have now officially rescinded Bobby Portis’ qualifying offer, per a source. He will sign with the Knicks as an unrestricted free agent July 6
Marc Berman: Bobby Portis is restricted free agent and Knicks are working things out with agent Mark Bartelstein and his new team, the Wizards. Was traded from Bulls to Wizards. RFA sign offer sheets that could be matched.
Mike Vorkunov: The Knicks have come to an agreement with Bobby Portis on a 2-year, $31 million deal, his agent, Mark Bartelstein confirms. Portis is a restricted free agent, but seems Portis and Wizards are working on getting his qualifying offer rescinded.
Adrian Wojnarowski: Free agent Bobby Portis has agreed to a two-year, $31M deal with the Knicks, agent Mark Bartelstein tells ESPN.
Alex Kennedy: Bobby Portis has received significant interest from the Jazz, Knicks and Clippers, source confirms. Also, the Wizards have shown interest in re-signing him. Last season, he averaged 14.2 points, 8.1 rebounds and 1.5 threes while shooting 44.4% from the field and 39.3% from three.
Chase Hughes: The Wizards have extended a qualifying offer to Bobby Portis, meaning he will be a restricted free agent on June 30, @NBCSWashington has learned.
Chase Hughes: Leonsis waiting until after free agency to name a long-term team president means that interim pres. Tommy Sheppard will make the call on their RFAs on June 30. That means Tomas Satoransky, Thomas Bryant and Bobby Portis.
Alex Kennedy: Bobby Portis told me he can imagine staying in CHI his whole career: "I love the city of Chicago. I'm a blue-collar player, it's a blue-collar city. Fans really support me. I just love being in Chicago, playing for the Bulls, throwing those 5 letters across my chest every night." pic.twitter.com/hFlj0MkQKW
KC Johnson: Mark Bartelstein spent hours at the Bulls' practice facility on Monday, trying to get a deal done in face-to-face negotiations with Bulls GM Gar Forman. "We had very positive talks," Bartelstein said. "These are hard extensions to get done."
Storyline: Bobby Portis Free Agency
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September 27, 2021 | 8:29 am EDT Update
After weeks of conversation with James, Davis and then-Lakers forward Jared Dudley, who emerged as a sort of consigliere to the Lakers’ superstars in these meetings, Westbrook believed he was on his way to L.A. For years he had angled to get home, and now everything was lining up for it to finally happen. There was only one problem: The Lakers’ efforts to complete the fairytale had been repeatedly stymied by the Wizards’ refusal to make Westbrook available because, sources said, they still planned on moving forward with the Westbrook-Beal backcourt. Westbrook, for his part, would have played out the remaining two seasons on his deal if a trade hadn’t materialized. “No one thought that Russ would get out,” said one source close to the discussions.
On Sunday, the Lakers reached agreement on a two-year deal with guard Austin Reaves, converting his two-way contract to a standard NBA deal ahead of training camp. The Lakers will have a team option on the second year of Reaves‘ contract, sources said. Reaves, a 6-foot-5 combo guard, has impressed the Lakers throughout the offseason and had a strong showing at James’ minicamp. James and Westbrook even had the rookie conduct some fun-loving errands throughout the weekend in Vegas.
Sources said Pelinka and his front-office group strongly considered executing a sign-and-trade for the 32-year-old DeRozan, giving up Kuzma and Caldwell-Pope in the process, but couldn’t come to consensus terms with the Spurs in free agency or a suitable contract number for DeRozan. What’s more, sources say the DeRozan option never advanced to the point that it was presented to Buss.