Knicks extend qualifying offer to Prigioni

The New York Knicks extended a qualifying offer to point guard Pablo Prigioni on Wednesday, the team confirmed.

Prigioni will be a restricted free agent on Monday. The Knicks will have an opportunity to match offers from other teams, but they will have limited resources from which to draw.

New York is over the salary cap and would have to use part of its mini-mid-level exception (worth approximately $3.1 million annually) to match an offer to Prigioni that exceeds the value of his qualifying offer ($988,872).

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ANALYSIS: Prigioni, who spent the majority of his career in Argentina and Spain, recently stated that he'd like to return to the NBA. This is good news for the Knicks. But they will likely have competition for his services.

If so, the Knicks will have to decide whether they want to dip into their mini mid-level exception to match an offer for Prigioni. Age will play a factor (Prigioni is 36), but the Knicks will have to weigh that against the difficulty of finding a replacement to run the two-point-guard offense that Mike Woodson was so fond of last season.

QUESTION: Would you spend the extra money to re-sign Prigioni or let him walk?

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