With cap space to burn after James turned down the Knicks for a chance to join Wade and Chris Bosh in Miami, the Knicks have quickly turned to Plan B. First, they got Anthony Randolph, Kelenna Azubuike and Ronny Turiaf from Golden State in a sign-and-trade that sent David Lee to the Warriors. Team president Donnie Walsh's next target was a point guard or point-forward capable of inititiating D'Antoni's up-tempo, pick-and-roll offense. Felton, 26, the fifth pick in the 2005 draft, is the best available option and a good fit for D'Antoni's system. Though Felton averaged career lows in scoring average (12.1) and assists (5.6) last season, he shot a career-high 39 percent from 3-point range.
With Felton and Randolph, the 14th pick in 2008, the Knicks are on the verge of acquiring two recent lottery picks in the less than 24 hours since James turned them down. The team had been holding out hope that it could outbid the Heat and Bulls for sharpshooter Mike Miller, but Knicks president Donnie Walsh said on a conference call with reporters Friday that Miller was signing with the Heat, who offered a five-year, approximately $30 million deal.
Free-agent Kyle Korver has agreed to a three-year, $15 million deal with the Bulls, a person with knowledge of the agreement confirmed to CBSSports.com Friday. ... Agent Henry Thomas reports steady progress on contracts for Dwyane Wade and Chris Bosh, with all signs pointing to Bosh going to Miami in a sign-and-trade that would land him the same six-year, $126 million deal that Wade will get to stay with the Heat. Max deals starting at $16.57 million for all three of the Miami free agents would become available if the Heat are able to pull off a sign-and-trade for LeBron James, who committed to Miami Thursday night. The maneuver, along with the trade of Michael Beasley to Minnesota, also would open up space for Miami to retain free-agent Udonis Haslem. ... Our Facts & Rumors blog has the goods on Tyrus Thomas agreeing to a five-year, $40 million deal to stay in Charlotte with the Bobcats.