As they continue to pursue free-agent point guard Steve Nash, the Toronto Raptors have made another move, signing New York Knicks' guard Landry Fields to a three-year offer sheet that will "approach $20 million," according to ESPN's Marc Stein. The Knicks will have three days from July 11 to decide whether to match the offer for the restricted free agent.
Exact terms of the deal remain unclear, but Stein reports that it will likely have a third-year spike in salary, which is similar to the offer sheet Omer Asik reportedly received from the Rockets.
Fields was a top prospect at the beginning of his career, rising from a second-round pick to being an untouchable piece in the Knicks' trade for Carmelo Anthony in the middle of 2011. However, his game fell off dramatically once Anthony arrived. The hope for the Raptors is that his game will be reinvigorated by Nash, or at least by not playing with Anthony.
The move also hurts the Knicks' ability to offer Fields as a sign-and-trade piece to the Suns as a means to acquire Nash and pay him a larger salary.