The Knicks have picked up their team option on forward Obi Toppin for the 2023/24 season, reports Adrian Wojnarowski of ESPN (Twitter link). Toppin’s fourth-year option will pay him a guaranteed salary of $6,803,012.
Toppin, the eighth overall pick in the 2020 draft, hasn’t played a significant role so far for the Knicks, averaging just 11.0 minutes per game in 62 appearances as a rookie and 17.1 MPG in 72 games last season. However, he has been increasingly productive in his limited minutes. He’s averaging 9.3 PPG and 3.7 RPG on 57.1% shooting through three games (16.0 MPG) in 2022/23.
Toppin will earn approximately $5.35MM this season before making $6.8MM in the final year of his rookie contract in 2023/24. He’ll be up for a rookie scale extension during the 2023 offseason and would be eligible for restricted free agency in 2024 if he doesn’t sign a new deal before then.
The Knicks have two more rookie scale option decisions to make besides Toppin’s before next Monday’s deadline, though both seem fairly simple. We can presumably count on the team picking up Immanuel Quickley‘s fourth-year option ($4.17MM) and Quentin Grimes‘ third-year option ($2.39MM) for ’23/24.