Amare Stoudemire got the HELL out of Phoenix to the city that never sleeps. Amare Stoudemire has agreed to a 5-year $100 million deal with the New York Knicks. The New York Knicks finally got a return on their two years of self-induced misery on Monday, finishing up the final touches on a five-year contract for Phoenix Suns free agent forward Amar’e Stoudemire that is expected to be worth around $100 million. A source indicates a formal announcement from Stoudemire should be forthcoming within the hour at Madison Square Garden.
Stoudemire chafed at constant trade rumors involving him the last two years, but after helping lead Phoenix to the Western Conference finals, he still negotiated with the Suns when the free agent negotiating period began last week. But after he and the Suns could not reach agreement on a new deal — Phoenix was unwilling to give him five guaranteed years on a new contract, preferrring team options in the last two years of a deal — the Suns quickly moved on, agreeing to terms with free agent forward Hakim Warrick on a four-year, $18 million deal and agreeing on a new contract with their own free agent forward, Channing Frye, for five years and $30 million.
Stoudemire said over the weekend that he thought he could lure both Nuggets forward Carmelo Anthony and Spurs guard Tony Parker to New York, though both are currently under contract to their respective teams for another year. But a Spurs source said on Sunday that San Antonio has no interest in trading Parker to the Knicks in any kind of package involving Lee, the only significant chip the Knicks have left to use in a potential deal.