As the NBA's free agency period approaches, the New York Knicks are poised to make strategic moves with limited cap space available. With a $5 million exception and the veterans' minimum, the Knicks are considering names like Tyus Jones and Al Horford, who may fit their needs. Last summer, Jones showed interest in joining New York, potentially paving the way for a renewed attempt to sign him after a less fruitful season with the Phoenix Suns. Meanwhile, Horford's situation with the Boston Celtics remains precarious. The Celtics are looking to cut costs, which could allow the Knicks to offer him a more lucrative deal.

Coaching remains an open question for the Knicks as they head into free agency without a head coach in place, complicating their ability to attract top-tier free agents. Interviewees for the head coaching position include James Borrego and Mike Brown, each with experience in building competitive teams.

Additionally, the specter of LeBron James opting into his contract for the 2025-26 season raises questions across the league. His continued presence in trade talks keeps the Knicks on alert, although analysts remain skeptical about a fit given the existing roster dynamics.