The New York Knicks decided Saturday night not to match the Toronto Raptor's offer sheet to restricted free agent guard Landry Fields.
The Raptors signed Fields, 24, to a three-year contract worth nearly $20 million Fields on Wednesday. The Knicks had until Saturday to match it.
The 2010 second-round draft pick from Stanford averaged 8.8 points and 2.6 assists last season.
The final year of his new deal reportedly includes a sharp pay increase, similar to what the Houston Rockets offered restricted free agent Omer Asik, who played with the Chicago Bulls.
The Knicks reportedly also may not match the offer sheet given to popular point guard Jeremy Lin by the Houston Rockets.