Report: Knicks want to move Stoudemire to Philly

July 8, 12:33 PM

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New York Knicks president Phil Jackson is reportedly in talks with the Philadelphia 76ers and several other teams about moving Amar'e Stoudemire, sources told ESPNNewYork.

The Knicks want to clear cap space, and Stoudemire's $23.4 million contract would give the team some freedom to rebuild the roster sooner than 2015. The Sixers have $30 million in cap space.

An earlier report from the New York Post suggested talks between the two teams were ongoing, but that the Knicks won't include Iman Shumpert in a transaction. Philadelphia will likely seek an additional piece to take on a contract like Stoudemire's.

From Marc Berman of the Post:

The idea is ... to reduce payroll so the Knicks can make a sign-and-trade to obtain a free agent and be able to wield the full mid-level exception of $5 million instead of mini-mid-level $3.27 million.

Currently, the Knicks are above the luxury-tax apron and are forbidden to obtain a free agent through a sign-and-trade or use the full mid-level to try and lure free agent Pau Gasol.

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