Ron Baker will sign a new contract with the Washington Wizards, only a week after being waived by the Knicks, per Adrian Wojnarowski. Denver was another team reportedly interested in the Wichita State combo guard.
Baker played two seasons + change for the Knicks, signing a two-year, $8.9 million deal in 2017 that still has the Knicks absorbing his $4.5 million cap hit for the remainder of this season.
Despite Baker finding a new home, the cap hit remains the same on the Knicks’ books.
New York will be allowed to set-off a small amount of the money he receives from Washington, but that amount only impacts the actual salary the team pays, and not the cap hit. The Knicks can set-off one-half the difference between Baker’s new salary and the minimum salary for a one-year veteran minimum salary. So peanuts.
Baker will face his former team for the first time in London on January 17.
More details to come as they become available…