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Emerson Bargao

New York Knicks Decline Derrick Rose's $15.6M Team Option, Opening Door to Unrestricted Free Agency

In a move that reverberated throughout the NBA, the New York Knicks have chosen not to exercise their $15.6 million team option for the upcoming season, effectively making Derrick Rose an unrestricted free agent. The veteran point guard, who was the top overall pick in the 2008 NBA draft, now enters a new chapter in his career.


Rose, once the youngest MVP in NBA history in 2011, has reinvented himself as a valuable role player following a series of injury setbacks. Joining the Knicks midway through the 2020-21 season, he played a pivotal role in the team's successful playoff campaign, earning praise and finishing third in the Sixth Man of the Year voting that year.

Despite his contributions, an ankle injury limited Rose to just 26 games during the following season, and he found himself falling out of favor in Coach Tom Thibodeau's rotation early in the most recent campaign. There is still a possibility that the Knicks may seek to re-sign Rose at a reduced salary, indicating their continued interest in his services.

As Rose prepares for the next phase of his career, he will turn 35 before the start of the upcoming season.

Throughout his 14 seasons in the NBA, he has maintained career averages of 17.7 points and 5.3 assists, leaving an indelible mark on the league.

With his free agency status now official, speculation abounds as to where Rose will find his next basketball home. Numerous teams may pursue the experienced playmaker, who brings a wealth of knowledge and skill to any team in need of backcourt stability or veteran leadership.


As the NBA offseason unfolds, keep an eye on the developments surrounding Derrick Rose's future. The next chapter of his remarkable career is about to unfold, promising excitement and intrigue for fans and teams alike.

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