NEW YORK (WFAN) – The Toronto Raptors have reached a verbal agreement with New York Knicks restricted free agent Landry Fields on an offer sheet, according to sources with knowledge of the deal.
Sources said that Fields will sign a three-year offer from the Raptors on July 11, which is the first day NBA players can sign new contracts.
The deal is rumored to be about three years and worth around $20 million.
The Knicks will have three days to decide whether to match the offer once Fields signs, but will likely choose not to.
This deal all but eliminates the possibility of a Knicks sign and trade to acquire guard Steve Nash from the Phoenix Suns.
Ken Berger of CBS Sports reported on Twitter that the “Knicks getting Steve Nash in sign-and-trade was “on life support” before, source says. Fields’ agreement with Raps may have “killed it.””
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