Latest Immanuel Quickley extension update gives insight into Knicks’ plans

Immanuel Quickley has been eligible to sign an extension with the New York Knicks since the first day in July. He put together an impressive 2022-23 campaign that resulted in him being the runner-up for Sixth Man of the Year.

The Knicks shopped Quickley for a first-round pick toward the beginning of last season, but he was reportedly off the table ahead of the trade deadline in February. His career year has led to most fans wanting (more like demanding) New York to sign the 24-year-old to an extension.

Heavy’s Sean Deveney reported a little over a week ago that a league executive said that Quickley wants to sign a nine-figure extension. That report didn’t settle well with the part of the fanbase that doesn’t want to see the organization commit that kind of money to IQ.

According to HoopsHype’s Michael Scotto, New York could be willing to pay Quickley $20 million a year.

Knicks reportedly willing to pay Immanuel Quickley around $20 million annually

Scotto wrote that the Knicks “would consider” paying Immanuel Quickley around $20 million a year.

The Knicks would consider an extension for Quickley around $20 million per year, league sources told HoopsHype. Should Quickley play himself into a higher average annual salary, the Knicks may consider trading him as part of a package to acquire a star player.

It’s been predicted that IQ will sign a four-year, $80 million extension, so that makes sense. However, what’s notable about what Scotto reported is that the Knicks “may consider” trading Quickley if he commands a higher annual salary.

New York reportedly considered including Quentin Grimes in a deal for Paul George, and although the Knicks deemed PG13’s price tag to be too high, it’s evident that the front office isn’t against including key young players in a package for a star.

Quickley’s capable of being a starter, but won’t get that opportunity as long as Jalen Brunson is around. There are other teams out there that would love to trade for IQ and give him the money that he’s looking for. The question is whether or not the Knicks will actually let Immanuel Quickley slip through their fingers.