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Knicks Free Agency Rumors Roundup For July 7th

What's the next step for the New York Knicks after the first weekend of NBA free agency? Here's our Knicks Free Agency Rumors Roundup For July 7th.

Jason Smith to Orlando

Jason Smith, who played a reserve role for the Knicks last season, has signed a one-year deal with the Orlando Magic for $4.3 million, according to RealGM. The most New York could pay Smith was $2.8 million next season.

Quincy Acy to Orlando, too?

After completing a sign-and-trade with the Knicks which will send F/C Kyle O'Quinn to New York, the Orlando Magic are reportedly targeting Knicks free agent forward Quincy Acy to fill O'Quinn's vacated spot in the rotation.