Agent: 'Structure of an offer' in place

Updated: July 4, 2010, 2:10 AM ET
ESPN.com news services

The New York Knicks and Amare Stoudemire continued to move closer to an agreement to bring the free-agent forward to Madison Square Garden next season, but sources told ESPN that the deal has yet to be struck.

Stoudemire's agent Happy Walters said Friday that the Knicks and his client have "a structure of an offer on the table" and the All-Star forward was still talking to other teams. Walters said the All-Star forward was still talking to other teams, and wherever he signed would be for the maximum allowed: five years and about $100 million.

It was reported on Friday that Stoudemire would be meeting with the Knicks this weekend, but the former Phoenix Sun confirmed to ESPNNewYork.com's Ian Begley on Saturday night that the two parties would sit and talk on Monday.

Stoudemire wrote on his Twitter page late Saturday afternoon that he had "just touched down in NY, going to a Broadway Show tonight."

Stoudemire, according to the ESPNNewYork.com, attended "Rock of Ages." He said he is working to get other stars to New York.

"I've talked to Carmelo Anthony that he needs to come out here," Stoudemire said. "I've talked to Tony Parker. Both guys are ready to join me if I decide to come here. So we will see if we can work it out."

Friday, Yahoo! Sports and the Daily News reported that Stoudemire and the Knicks had the "framework of the deal" in place.

Stoudemire and his representatives broke off negotiations with the Suns on Friday.

"It wasn't the right deal," Walters told The Arizona Republic on Friday.

"He'll be sad to leave his teammates and the city he loves, but it's time to move on," Walters said.

Sources told ESPN.com's Chad Ford that Stoudemire's desire to leave Phoenix dates back to the tough negotiations he had with owner Robert Sarver in Februrary. Stoudemire's camp knew it was highly unlikely Sarver would offer Stoudemire a five-year deal at max numbers, and Stoudemire has been worried that even if he did, he'd gut the rest of the team to pay for it.

When Stoudemire received the Suns "final offer" -- a five-year, $95 million deal with partial guarantees on the last two years, contingent on Stoudemire playing a minimum of 2,200 minutes his third and fourth seasons -- Stoudemire pulled out of the negotiations, a source told Ford.

The Suns agreed to a four-year, $18 million deal with free-agent forward Hakim Warrick on Friday, sources confirmed to ESPN.

The only way the Suns can afford to sign both Channing Frye and Warrick under collective bargaining rules is to renounce the team's rights to Stoudemire.

Once renounced, the Suns no longer will have the ability to exceed the salary cap to re-sign Stoudemire. On Friday a source inside the Suns confirmed that the team will renounce its rights.

Information from ESPN.com's Chad Ford is included in this report.

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