Amar'e Stoudemire Trade Rumors: Latest Buzz, Speculation Surrounding Knicks Star

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Amar'e Stoudemire Trade Rumors: Latest Buzz, Speculation Surrounding Knicks Star
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Updates from Friday, July 25

Chris Herring of The Wall Street Journal has the latest on the Knicks shopping Stoudemire:

The Knicks recently attempted to make a trade for Minnesota Timberwolves star Kevin Love, offering forward Amar'e Stoudemire and his enormous expiring contract, second-year guard Tim Hardaway, Jr. and swingman Iman Shumpert, according to a person with knowledge of the situation.

But the longshot offer, made in the past week, was declined and never stood much of a chance, particularly since the Timberwolves could potentially strike a richer deal with the Cleveland Cavaliers involving No. 1 overall pick Andrew Wiggins.

Updates from Tuesday, July 8

Ian Begley of ESPNNewYork.com reports that the New York Knicks have talked to several teams regarding a potential trade involving Amar'e Stoudemire:

Knicks president Phil Jackson has talked to multiple teams in recent days -– including the Philadelphia 76ers –- about moving Amar’e Stoudemire in an effort to clear more cap space this summer, sources say.

Moving Stoudemire and his $23.4 million contract would allow the Knicks to take back players in a sign-and-trade and could give them more money to offer free agents such as Pau Gasol.

The New York Post, which earlier reported the Knicks talks with Philly regarding Stoudemire, reports that the Knicks are unwilling to include Iman Shumpert in such a transaction.

Original Text

Following a down season for Amar'e Stoudemire and the New York Knicks, the big man has been rumored to potentially be on the move this offseason.  

Stephen A. Smith of ESPN passed along the most recent rumor for Stoudemire on First Take, via Eliot Shorr-Parks of NJ.com:

Speaking on First Take, ESPN's Stephen A. Smith said the Knicks and Sixers have had conversations about a deal that would send Amare Stoudemire and Iman Shumpert to Philadelphia. Although what the Sixers would send back isn't clear, it likely wouldn't be much more than a draft pick or non-guaranteed contract player, as the Knicks would do the deal to clear cap space.

Parks went on to say that the Knicks would clear up nearly $25 million if they dealt both Stoudemire and Iman Shumpert, which might open the door for another potential free agent.

Since Stoudemire was brought to the Knicks prior to the 2010-11 season, he has slowly seen his production dip every season. Last year, the power forward put up career-lows of 11.9 points and 4.9 rebounds when playing in more than 29 games for a season.

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Despite the dip in production, Stoudemire still believed he might be a key to turning around the team next year, per Ohm Youngmisuk of ESPN.com:

"We lost a lot of vets. And those vets were definitely key leaders for us," Stoudemire said. "[...] Once I got into the starting lineup, then my leadership qualities [resurfaced]. So, next year, we should be focused a little bit more and it’ll be a much better year."

What the potential deal means for the Knicks is, as Smith pointed out, clearing cap space. With a huge free-agent market this summer, Knicks president Phil Jackson is still working to bring back Carmelo Anthony during the offseason.

It would also continue a trend of dealing away players from last year's failing team for potential assets. Earlier in the offseason, both Tyson Chandler and Raymond Felton were traded, and Howard Beck of Bleacher Report believed Stoudemire might need to be a player moved:

With the Knicks looking to make a big splash this summer, Stoudemire might just be on the move after a down season. 

The rumors for Stoudemire are just that at this point, but they could turn into something more as the offseason progresses.

 

Follow @RCorySmith on Twitter.

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