Knicks' 2015 cap space could increase to $27 million

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• Ian Begley, ESPN Staff Writer Close
  • Covers the New York Knicks for ESPNNewYork.com
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Earlier this month, we took a look at the New York Knicks' projected cap space this summer.

Now that New York has the No. 4 pick in the draft, the numbers have changed slightly.

Here’s why:

Our earlier projections were based on the Knicks owning the No.