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Where the Knicks have upside in their free-agent haul

Walt Frazier likes bold fashion and flashy suits. But he knows the only way to win in the NBA is with lunch-pail defense.

After a Knicks spending spree that netted seven free agents, none of them an All-Star, Frazier says the only way the club will be relevant is if the defense is up to snuff. And he thinks the Knicks’ roster can pull that off.

At a PUMA event Monday night at which a new “Clyde”-inspired sneaker was unveiled, the Knicks legend told The Post he hopes coach David Fizdale employs a frenetic, full-court pressing defense to take advantage of their depth.