According to ProFitX, Randle outperformed his contract in 2020-21 by $13 million, and he is on pace to earn close to a max contract when he is a free agent in 2022. Because Randle does not meet the renegotiation requirements (third anniversary of a four-year contract) to bump up his salary in 2021-22, the only financial option that New York has is to offer Randle a four-year, $106 million extension.
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Despite an underwhelming performance in the playoffs, it is likely that Randle turns down that extension, not because he does not want to play in New York but because the $23.7 million starting salary is $11 million less than what he could earn with New York or perhaps another team in 2022.
With the best season of his career winding down — until the playoffs begin again next week — Julius Randle has declared his commitment to wanting to remain with the Knicks franchise for the rest of his career. “I love playing in New York. I want to retire as a New York Knick,” Randle said on The Victory podcast when talking about his hopes of signing a new long-term deal with the team either this summer or after he becomes a free agent in 2022.
The Knicks could try to extend Randle later this summer after picking up his $20 million team option, but may have to wait until 2022 if the sides need more time to agree on a deal. Randle is having by far the best season of his career, averaging 24.0 points, 10.2 rebounds and 5.9 rebounds per game, and helping lead this Knicks team to a shocking playoff berth that nobody saw coming. He is the heavy favorite to win the NBA’s Most Improved Player award, he’ll likely land on one of the three All-NBA teams and may even get some high MVP votes.
The Knicks can add up to four years to Randle’s contract, and both sides intend to talk over the summer to see if they can come to an agreement, sources said. But salary-cap rules limit the raise in Randle’s salary to a max of 20%. It would begin with New York fully guaranteeing Randle’s contract for next season. Currently, just $4 million of Randle’s $19.8 million deal for next year is guaranteed, a reminder of the Knicks’ hedge when signing him back in 2019. After that, the Knicks could add up to $106 million in guaranteed money. Including incentives, that could leave Randle with five years and nearly $140 million.
If Randle produces at an All-Star level again next season, the difference between an extension in 2021 and a max contract he could demand in 2022 could approach $100 million. That’s a lot of numbers and projections. It doesn’t take into account the scenario of Randle opting for a short extension, locking in stability now while giving the Knicks some maneuverability to continue star hunting if his salary is locked in for 2022 and beyond. This might be the most likely scenario come August. What it might come down to, sources said, is just how much Randle wants to remain a Knick. And right now, that desire is strong.
If nothing happens, Randle stands to be a restricted free agent in 2022. “We’ll see when we get to that time,” Randle said. “But right now, I’m really just focused on what we have to do as a team. That’s so far ahead in the future. When that time presents itself I’ll be ready, we’ll talk or whatever, but I’m really just focused on this team, first off getting a win [Thursday] going into All-Star break, getting my body right so I’m healthy, staying on top of what I have to, starting off the second half of the season strong. That’s where my focus is right now.”
Steve Popper: Julius Randle on looking into a long-term future with Knicks: “When I came here almost two years ago that was the plan. I wanted to be here long term. I want to be a Knick. So my thoughts never changed. I would definitely love to be here long term.”
Despite his relationship with Randle, a CAA client, Rose is certainly open to either dealing Randle or not executing his contract option for the 2021-22 season, though in that case, he still would count for $4 million on the salary cap. Leading into the Feb. 6 trade deadline, the Knicks were willing to move Randle and had talks with Charlotte.
The New York Knicks announced today that the team has signed five players: Wayne Ellington, Taj Gibson, Elfrid Payton, Bobby Portis and Julius Randle. Terms of the deals were not disclosed.
“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.”
Steve Popper: Now hearing from league sources that there is just a partial guarantee on the third year for Randle – which sounds like a team option to me.
Adrian Wojnarowski: Free agent Julius Randle has agreed to a three-year, $63M deal with the New York Knicks, CAA agents Aaron Mintz and Steve Heumann tell ESPN.
Chris Haynes: The three-year, $63 million deal Julius Randle agreed to with the New York Knicks contains a team option on the final year, league sources tell Yahoo Sports.
Ramona Shelburne: The Knicks and owner Jim Dolan were not prepared to offer Kevin Durant a full max contract due to concerns over his recovery from the Achilles injury, league sources tell me and @Adrian Wojnarowski. Knicks officials are in Los Angeles tonight, meeting with free agents such as Julius Randle.
They’ve been reportedly linked to Julius Randle, Bobby Portis,and Terry Rozier, and, according to sources, have shown interest in bringing back Noah Vonleh and Lance Thomas. They haven’t expressed interest in taking back other teams’ problematic contracts to add long-term assets, preferring to prioritize only adding players who can help them be more competitive next season.
Nets Daily: If you’re wondering whether @Julius Randle is a legitimate possibility for Nets, I’m told he is. So is @Tobias Harris. No idea at what salary level but interest is mutual with both.
Jordan Schultz: Julius Randle has a strong market entering FA. The #Nets, #Knicks, #Bulls/#Kings are all interested in Randle and have all emerged as realistic possibilities, sources tell ESPN. Randle, 24, averaged 21.4 PPG 8.7 RPG and 3.1 APG on a career-best 34.4 percent 3 for NOLA last year.
League sources confirmed to SNY that the Knicks are also considering making a significant short-term offer to DeMarcus Cousins. But some in the organization have said that going after younger players like Randle and Portis is a priority that’s ahead of pursuing Cousins, who will be 29 at the beginning of next season.
The Bulls are expected to express early interest in free-agent forward Julius Randle, league sources said. Randle is expected to receive interest from several teams, including the Knicks and Nets, according to sources.
Other free agents on the Knicks’ radar include their own free-agent center DeAndre Jordan, Warriors center DeMarcus Cousins and twins Markieff and Marcus Morris. New Orleans Pelicans forward Julius Randle and the Knicks also have mutual interest, according to sources.
Julius Randle is once again a free agent. Dallas Mavericks fans are once again clamoring for their hometown team to sign this hometown guy. All of which leaves me having to once again tap the brakes on any Randle-to-Dallas rush. […] But no, Dallas does not have him high on its wish list.
But I’m told most people at Mavs HQ are not fully sold that he’s a vastly different player than he was a year ago when Dallas had an opportunity to pursue the 6-foot-9 power forward last season, but watched him end up in New Orleans for a seeming bargain price of just $8.6 million. And by “watched him,” I mean Dallas did not bother making a bid.
If the stars don’t align for the Knicks, Mills could take his $74 million in cap space and try one-year deals with some of the better free agents. Or in a long-term deal pursue former Laker and Pelican Julius Randle, whom they like, or take a flier on former No. 2 pick Jabari Parker, who has been an injury-riddled bust.
John Gambadoro: Have heard that Free Agent Power Forward Julius Randle has interest in the Phoenix Suns. And I fully expect the Suns to consider him as well.
Perhaps Davis’ departure will open up the opportunity Randle has been looking for. It would make a ton of sense for the Pelicans to bring him back at the right price, and sources have told The Athletic there has been mutual interest expressed on both sides for a new deal this summer.
He says he’ll wait until the summer to make his final decision, but he’s enjoyed his time with the Pelicans and it wouldn’t be shocking to see him re-sign with them even if Davis — one of his good friends and the person that convinced him to come to New Orleans — is headed out the door. “In the summertime, I’ll weigh the pros and cons of everything and what works best,” Randle said. “Honestly, it’s been great for me here. I’m loving it, I’m enjoying every second of it. My family’s happy here. It’s been a good situation. When we get to the summertime we’ll see what happens, but for now, I’m just enjoying the moment. I realize anything can happen in this business, but I’m enjoying it so far.”
Julius Randle: I try not to look too much into next summer. Obviously, you know it’s there. But like I said, (agent) Aaron (Mintz) did a great job of preparing me for everything last summer. We knew what the situation was. There wasn’t a lot of money out there, there weren’t a lot of teams with cap space, and all that. So for me to come here, we felt like it was the best basketball decision. To be here, play here, for me to thrive as a player. And that’s really how we looked at it. When the summer comes around in 2019, we’ll revisit that and go from there, but for me I’m just enjoying the situation I’m in right now. Enjoying playing basketball, having fun and hopefully winning some more games. That’s all I can really focus on now.
Will Guillory: Julius Randle reiterates that he wants his move to New Orleans to be a “long-term thing” and he says it’s “a perfect situation for a basketball player”
Will Guillory: Pelicans officially announce the signings Julius Randle and Elfrid Payton pic.twitter.com/teCc80vlpW
Free-agent center Julius Randle, fresh off a career season with the Los Angeles Lakers, agreed to a two-year, $18 million deal to join the New Orleans Pelicans, league sources tell ESPN.
Adrian Wojnarowski: Free agent Julius Randle has agreed to a two-year, $18M deal with New Orleans, league sources tell ESPN. Player option second year.
Ramona Shelburne: According to multiple sources Julius Randle asked to be renounced by the the Lakers once it became clear his role could dramatically change this season and the team wasn’t interested in making a longer term commitment to him.
Bobby Marks: Teams that have $10M+ in cap space for Julius Randle include: Atlanta, Chicago, Philadelphia and Sacramento. The Nets could join the group but will depend on a potential Dwight Howard buyout.
Albert Nahmad: Lakers, after renouncing Julius Randle and giving Rajon Rondo his 1-year, $9M deal, have $5.7M of cap room remaining. Stretching Luol Deng this summer would add $9.8M. Trading him adds $17.2M. Up to $22.8M total.
Albert Nahmad: Lakers, after renouncing Julius Randle, have $13.8M cap room. Stretching Deng adds $9.8M. Trading him adds $17.2M. If they use it to sign player(s) to one-year deal(s), it’d leave a max slot for Kawhi Leonard next summer.
Shams Charania: Sources: Lakers restricted free agent Julius Randle hasn’t yet received an offer from L.A., but has excitement for arrival of LeBron James. Randle’s representatives and the Lakers are expected to speak Monday, hopeful of potential offer to retain him.
Julius Randle went, in one season, from a cap casualty to legitimately valuable role player. It seems that wasn’t enough to convince the Lakers to make him feel wanted, though, according to NBA.com’s David Aldridge. This would be quite a disappointing development in an offseason that’s already seen the Los Angeles Lakers miss out on Paul George. Here’s what Aldridge had to say about what he’s heard regarding talks between Randle and the Lakers: “Julius Randle has made it clear that I don’t think he really wants to be back there, so are you putting money into a guy that doesn’t really want to be back there?”
Mark Deeks: The sign and trade possibility for Julius Randle exists until he is renounced. And based on the moves so far, he doesn’t need to be. In this era of again-limited cap space, the sign-and-trade may become a thing again, let’s not discount the possibility.
Bobby Marks: The $4.4M contract for Lance Stephenson is for the room midlevel exception. The Lakers only have the minimum exception unless they renounce Julius Randle.
Kevin O’Connor: The Suns are interested in Rockets free agent forward Trevor Ariza, per sources. Avery Bradley and Julius Randle also mentioned as targets. The Suns can create around $18 million in salary cap space.
Tania Ganguli: The Lakers announced they’ve extended a qualifying offer to Julius Randle. This is a procedural move to make sure they retain his rights as he becomes a restricted free agent this weekend. They haven’t done any actual negotiation with Randle about his future yet.
The national media is simply badminton’ing back to you information you already had. … and I’ll repeat here for the record, an example: Julius Randle might end up being a Dallas target, but I’m told the Mavs are aiming “much higher” than that.
Julius Randle on his impending restricted free agency: “I try to separate emotions from business. I know sometimes they go hand in hand, you spend four years in a place, it kind of goes hand in hand. But honestly, I’m just so focused on my craft and continuing to get better as a player. It’s an exciting time to be a [restricted] free agent, it’s an exciting time. Even more exciting for me is the ability to get better and build off this year. So I mean it might be an emotional time, I don’t know, I’ve never been through this process before but I’ll try to separate [business and emotion] and really just try and enjoy the process and things and educate myself. My team, my agent, everybody has done a great job of educating me on the whole thing and I feel prepared.”
Julius Randle on what he values as far as culture when he considers teams in free agency: “I just feel like culture is important. I feel like having an identity as a team of who you wanna be is really important. You look at the teams who are in the conference finals right now: Boston has an identity and a culture, Houston, Cleveland Golden State, those teams have a culture that makes them successful. I think a reason we had success was because we bought into the way we wanted to play every night with the Lakers. So I feel like identity, culture and direction are really important, and I feel like if you get all the players to buy into that, then everybody has success. Because then you know what you’re working for and how you fit into that.”
Julius Randle on the Lakers not negotiating an extension with him last summer in favor of holding onto their cap space: “I feel like I really had no choice but to separate it [his feelings from the business side of basketball]. I think the extension [had] to be done the day before the season, but I really didn’t have a choice. I had to focus on what I could control. I couldn’t control not getting that extension or whatever happened throughout the year with coming off the bench. I could just control what I could control. That’s just like my preparation, the work that I put in, my focus, my attention, my energy, you know, all those things I could control. I knew that I put in the work, so it was only a matter of time before everything would line up and I just feel like I’m in a better position anyway this summer than if I had worked out an extension last summer. So I guess it’s just funny how life works.”
Ever since word spread in league circles in March that Dirk Nowitzki would return to the Mavericks for his 21st season, there have also been rumblings that the Dallas front office will look to make additions this summer that can put the team back on a winning track. The Mavericks can create space to sign a max free agent, and multiple league sources expect them to pursue a trio of big men: DeAndre Jordan, DeMarcus Cousins, and restricted free agent Julius Randle. If the Mavericks do indeed plan to pursue expensive bigs in free agency, then it’d make sense to target a primary scorer, like Porter, rather than Bamba.
While the Lakers have not begun hard negotiations with Randle, they have kept the line of communication open with his representatives. Randle will be a restricted free agent this summer. The Lakers will have the option to match any offer he receives on the market.
Mike Trudell: Julius Randle said Magic and Rob Pelinka congratulated him on his play throughout the season. They told him they’ll “be in contact with my agent” about what comes next.
Mike Trudell: Randle on upcoming (restricted) free agency and if he wants to stay with the team that drafted him: “I love it here. It’d be amazing to be here, and hopefully both sides can come to something.”
Harrison Faigen: Randle said he didn’t expect to get an extension, and he hoped to show “growth” as a player after it didn’t happen
Randle will become a restricted free agent this summer. Though the Lakers would like to keep him, his future will hinge on how much money another team is willing to pay and the success the Lakers have wooing LeBron James and Paul George. If Randle’s time with the Lakers is running out, he’s made the most of it, averaging a career-high 16.2 points while grabbing eight rebounds per game. Randle ranks 10th in the NBA in field goal percentage at 55.8 percent, and on Friday he corralled his 25th double-double and 12th in his past 15 games.
After a roller-coaster first season under Walton, Randle’s future remained uncertain. The Lakers asked him to cut his body fat, so he attacked that with the help of a trainer, a nutritionist and his wife, who made sure all his meals were ready after each workout. He changed his shape dramatically, proudly posting photos of his new chiseled physique on social media.
The Lakers had the opportunity to lock in Randle before the season on an extension starting at $12.4 million, the amount of his cap hold, according to a person privy to the stalled negotiations. The team wasn’t ready to commit to Randle over the possibility of landing two stars this summer.
“It would be tough to say no to L.A., honestly,” Randle said with a chuckle when asked how much he wants to remain a Laker. “It is the place that drafted me. I would love to be here. I have to do what is best for the family and hopefully they want me here as well.”
But then Randle talks about what he has done this season, and a sense of calmness comes over him. “I knew I had a place in this league,” Randle adds of his play this season. “Whether it was here or not.”
ESPN’s Bobby Marks estimates Randle’s market to be around $12-14 million per year, and a team such as Dallas, Brooklyn, Atlanta or Sacramento could have the ability to offer Randle something in the neighborhood of $56 million over four years.
If the Lakers get only one max free agent, or perhaps none, the team’s seventh pick in the 2014 draft could remain with the team, though management likely would want to maintain its cap flexibility for the summer of 2019 in that case. “It would be tough to say no to L.A., honestly,” Randle said with a chuckle when asked how much he wants to remain a Laker. “It is the place that drafted me. I would love to be here. I have to do what is best for the family and hopefully they want me here as well.”
But then Randle talks about what he has done this season, and a sense of calmness comes over him. “I knew I had a place in this league,” Randle adds of his play this season. “Whether it was here or not.”
The Mavericks are probably the favorite to give the Dallas native an offer. Through three games against the Mavs, Randle has averaged 22.3 points, 12 rebounds and 6.3 assists, while shooting 65.1 percent from the field. Dallas projects to have about $18 million ($77 million over four seasons) to offer, more if Wesley Matthews opts out of his contract and/or if the team renounces Doug McDermott.
After this weekend, it’s sort of become a foregone conclusion to some: The Mavs want to attach themselves to DFW native Julius Randle of the Lakers. In trade. Free agency. Something. David Lord and I have been working on this story for a couple of days.
That noted, Los Angeles might also be unlikely to receive those types of offers in the first place, according to Bobby Marks of ESPN: “The biggest obstacle is that he’ll be a restricted free agent in the offseason. In talking to teams, they feel that instead of giving up an asset or first-round pick for Randle, they can just go out and sign him. Give him an offer sheet in the summer and not give up an asset. … If [Lakers] keep him, that’s an indication that they’re going to retain him when we get into the summer.”
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July 2, 2022 | 3:43 pm EDT Update
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