The New York Knicks find themselves in an interesting spot ahead of the 2021 trade deadline. They have more cap space ($15.7 million) than any other team, giving them the ability to add substantial salary in a trade without needing to send any back in return. Besides them, the Boston Celtics and Oklahoma City Thunder are the two teams in a similar position thanks to their large trade exceptions.
Entering the season, it looked like New York could use cap space to stockpile additional draft picks in exchange for taking on bad contracts.