The Knicks signed a genius contract that paid off in dividends

May 14, 2024; New York, New York, USA; New York Knicks guard Miles McBride (2) reacts after a basket during the first half during game five of the second round for the 2024 NBA playoffs against the Indiana Pacers at Madison Square Garden. Mandatory Credit: Vincent Carchietta-USA TODAY Sports
Credit: Vincent Carchietta-USA TODAY Sports

The New York Knicks have several substantial contracts to consider this off-season, but one strategic move from last year is already proving highly beneficial.

Knicks’ Strategic Contract Management

Rather than allowing Miles McBride to test free agency after picking up his club option, the Knicks secured him on a three-year, $13 million deal, fully guaranteed. Last season, McBride earned a modest $1.8 million and is set to make $4.7 million in the 2024-25 season, with his salary decreasing in the final year of his contract in 2026.

At just 23 years old and entering his prime, McBride might have undersold his worth by accepting a deal that appears well below his potential future value.

New York Knicks guard Miles McBride (2) takes a three point shot in the first quarter against the Brooklyn Nets at Madison Square Garden
Credit: Wendell Cruz-USA TODAY Sports

McBride’s Ascending Performance

This past season, McBride demonstrated significant growth, averaging 8.3 points off the bench with 1.5 rebounds and 1.7 assists per game. His shooting improved markedly to .452 from the field and an impressive .410 from three-point range. Over 68 appearances, his minutes increased to 19.5 per game, where he more than doubled his points per game average.

Beyond his offensive contributions, McBride is also recognized for his defensive prowess. During the postseason, with the team grappling with injuries, McBride stepped up, averaging 11 points over 26.7 minutes per game. He maintained a shooting accuracy of .435 from the field and .368 from beyond the arc, culminating in a .536 effective field goal percentage.

Given his performance, McBride’s contract significantly underestimates his market value. Realistically, he could have commanded a three-year deal worth approximately $26 million. However, his current team-friendly contract positions the Knicks advantageously, enabling them to allocate financial resources elsewhere as they continue to build a competitive roster.

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