The Knicks could be in a position to have cap room flexibility in 2015 and may make another run at LeBron James, who has three years left on his contract with the Heat but can opt out of the final two seasons in July.

The Knicks have several important issues facing the team, starting with coach Mike Woodson’s contract. Woodson, who played college ball with Grunwald at Indiana, is under contract for this season but has a team option for next season.

Carmelo Anthony can opt out of his contract after the season. J.R. Smith is recovering from knee surgery and has been suspended five games by the NBA for violating the terms of the anti-drug agreement. Amar’e Stoudemire is trying to become a regular contributor again after surgeries on both knees limited him to 29 games last season.

Reported by Al Iannazzone of New York Newsday