YES Network.com

The New York Knicks could be in danger of losing restricted free agent guard Landry Fields, who has reportedly verbally agreed to a deal with the Toronto Raptors.

According to a report posted on 104.5 The Team/ESPN Radio Albany's website, Fields has accepted Toronto's offer sheet for a three-year deal that will be worth nearly $20-million, with his salaries reportedly spiking in the second and third years – a clause that may render the Knicks unable to match the offer due to salary cap and luxury tax restrictions.

Due to an NBA moratorium, teams cannot officially sign free agents until July 11, but the Knicks would have three days to match the Raptors’ offer if and when the reported deal is signed.

Fields, 24, was the Knicks’ second-round pick (No. 39 overall) in the 2010 NBA Draft, and was a member of the NBA All-Rookie First Team in 2010-11. Last season, he played all 66 games (making 62 starts) and averaged 8.8 points, 4.2 rebounds, and 2.6 assists per game.

The Stanford alum also made headlines in the Knicks’ social media circles last season after Tweeting a photo of his couch, which then-homeless teammate Jeremy Lin slept on the night before his breakout 25-point, seven-assist performance against the Nets in early-February.