The Raptors and restricted free agent Landry Fields have agreed to a three-year offer sheet, as first reported on twitter by ESPN’s Marc Stein, that “approaches $20 million.”

Stein also tweeted that the third year of the deal would likely see a spike in salary, similar to the offer sheet Omer Asik agreed to with the Rockets.

Nothing can be signed until July 11, but once the paperwork is complete next Wednesday, the Knicks will have three days to match Toronto’s offer.

Fields just turned 24-years-old last week and has had a solid yet unspectacular start to his career in two seasons with the Knicks as a “glue-guy” kind of wing player. He was an eye-opening player and looked like a steal as a rookie, but was disappointing for New York this past season.

He’s yet to miss a game in his two-year career and adjusted to 36 minutes, has averaged 11.2 points, 6.5 rebounds, 2.6 assists and 1.3 steals in 148 games. He’s averaged 9.3 points and 5.4 rebounds in 30 minutes per game. The Stanford product has shot 48 per cent from the field, but struggles from three-point range (34.4 %) and struggles mightily at the free throw line (66.9%), though he doesn’t get there much (2.3 attempts per 36 minutes).

Obviously, signing Fields would have nothing to do with offence and everything to do with defence and rebounding, where Fields excels for a wing player. I’ve liked what I’ve seen from him so far in his short NBA stay, but I also think James Johnson gives you virtually the same productivity on the court for much less of a financial commitment.

What’s most interesting about this offer is that Fields was one of the Knicks players brought up in sign-and-trade rumours with the Suns for Steve Nash. If those rumours had truth to them, Bryan Colangelo may have just dented New York’s chances of landing Kid Canada for now, unless Nash is cool with simply signing with the Knicks for the $3.09 million mid-level exception.

Alex Kennedy puts it nicely:

If the Raps swing and miss on Nash, you’d have to assume the Knicks won’t match this “poison pill” offer-sheet anyway, and perhaps acquiring Fields helps Toronto’s slim chances of nabbing Jeremy Lin, you know, now that they might have his couch-supplying saviour and all.