Chris Paul's First Choice Is To Sign With Knicks
Nov 29, 2011 12:31 AM EST
The New York Knicks are Chris Paul's preferred destination, according to sources.
Paul is willing to wait until becoming a free agent next summer to sign with the Knicks.
Paul would also consider signing with the Clippers, but their first is to sign Dwight Howard with their cap space.
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Well the Clippers can definitely offer a better package for Paul than we can. I would prefer Howard, but I hope we can get one of the two.
But this is Chris Broussard. He will eventually say Clippers prefer Paul, then they have a deal in place, then the Knicks are in on Paul, then the Heat will get Paul and Howard, then the Hornets will keep Paul, etc.
Anthony, Stoudemire, Fields, Shumpert and maybe Jordan would be untouchable, Fields might be able to be gotten but the Hornets have no leverage
Would Chris Paul pay to play in NYC?
CP3 would have to forego tens of millions to team up with Melo and Amare in New York
By John Hollinger
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AP Photo/Mary AltafferConsider Chris Paul and Carmelo Anthony just ships passing -- there's little chance they play together.
We've been hearing since the infamous wedding toast of last summer that [Only registered and activated users can see links. ], [Only registered and activated users can see links. ] and [Only registered and activated users can see links. ] want to play together for the Knicks. We're two-thirds of the way there. Melo and Amare are already Knicks, and CP can become a free agent after the season and sign with New York. Looks like a slam dunk, right?
Not so fast.
It appears the only realistic way that Paul can end up in Gotham would be if he is willing to take a massive pay cut. He would likely make about 60 percent as much in New York as he could make in New Orleans and, even in the best-case scenario, forego tens of millions of dollars compared to playing in other markets.
Let's quickly follow the salary-cap logic involved in Paul moving to the Knicks as a free agent:
• The current salary cap is at $58 million with the players taking a 51.1 percent share of BRI.
• Next year, the players' share goes down to 50 percent, likely offsetting any increase in BRI itself. In other words, one can reasonably expect next season's salary cap to be right around $58 million.
• The Knicks have $39.5 million committed just to Stoudemire and Anthony. (And before you ask, they cannot renegotiate their contracts downward.)
• Even if the Knicks got rid of everybody else and just had those two on the roster, the 10 "cap holds" for minimum salary players would occupy another $5 million in salary cap space.
• That means the Knicks have an absolute minimum of $44.5 million committed.
• Which, in turn, leaves the Knicks with an absolutely best-case scenario of a $13.5 million starting salary for Paul.
Paul will make $16.4 million this year and would be opting out of $17.7 million in 2011-12. Should he opt out next summer, a new five-year contract with the Hornets would start at $17.177 million and pay him as much as $22.3 million by the end -- a total of $98.8 million. In comparison, over the life of the maximum allowable four-year deal with the Knicks, he could get only $57.6 million.
So if Paul really wants to go to New York, he can go -- as long as he's willing to give up, at a minimum, forty million dollars to do it. (The same, incidentally, applies for [Only registered and activated users can see links. ] or [Only registered and activated users can see links. ].)
In fact, even this scenario seems optimistic as far as Paul's New York earning potential; it would basically involve New York giving away [Only registered and activated users can see links. ], [Only registered and activated users can see links. ], and [Only registered and activated users can see links. ], not to mention whatever players the Knicks sign this offseason or draft next June. The Knicks would have only the "mini" mid-level and a bunch of minimum contracts to use to surround Paul, Anthony and Amare -- they'd have vastly less, in other words, than even the Heat had to work with last summer.
Should the Knicks keep Shumpert and Douglas around, New York would have just $11 million for Paul's starting salary, and the total value of the contract would be half what he could get by staying a Hornet; even compared with leaving the Hornets and signing with another team for the full maximum, he'd be leaving about $30 million on the table.
Around this point, Knicks fans will point out that a free-agent signing isn't the only way Paul can end up in New York. He could also try to force a trade, and that wouldn't be as financially damaging. Paul's potential earnings improve somewhat if he wants to do a sign-and-trade or an extend-and-trade, although they still lag behind what he can make by staying.
Alas, there's one little problem with that: The Knicks would need something worth trading. Sorry, New Yorkers, the Hornets aren't giving away their superstar for [Only registered and activated users can see links. ]' expiring contract and Douglas. They can't even trade a draft pick, as their 2012, 2014 and 2016 first-round picks are all owed to other teams and the league forbids teams from trading picks in consecutive years. In other words, if New Orleans decides to pre-emptively trade CP to avoid losing him as a free agent, there's a zero percent chance of his landing on the Knicks to join Amare and Melo.
Moreover, if the Hornets are convinced CP is leaving, it's hard to imagine them passively waiting around for Paul to ditch them in the summer. Especially after that whole LeBron thing two summers ago.
This is why I argued the Knicks overpaid in the Anthony trade with Denver rather than being patient and signing him outright over the summer -- they have no assets left to make a deal for Paul, and yet from a financial standpoint, trading for Paul is the most realistic route to bringing him on board.
Or rather, they do have one asset if it's important enough to them: They could trade Anthony for Paul.
No matter how you slice it, it seems somewhere between highly unlikely and virtually impossible for Paul to end up with Amare and Melo on the Knicks. He can't force a trade there, he'd take a financial bath signing there as a free agent, and the Hornets aren't going to sit idly by and lose him for nothing. The CP-to-New York talk to match Miami's Big 3 makes for fun conversation for this winter, but the Knicks lost hope of this happening the day they made the Anthony trade.
Paul in New York probably ain't gonna happen, unless we trade Melo or Amar'e.....which is not gonna happen either, so we better focus on the supporting cast for Melo and STAT and try to turn STAT into a half decent defender.
Maybe Deron Williams is desperate enough by the summer of 2012 to sign for the mid level exception
Other than that, we'll need a PG next summer...
The Hornets have no leverage, either lose him for nothing or get an expiring contract and 2 young guards Douglas and Fields or Shumpert, plus 3mil cash and maybe Harrelson.
The cap next year will be as low as 58mil or as high as 62mil, it depends on how much revenue the league generates.
Anthony, Stoudemire, Shumpert and Jordan will take up say 43mil and if the cap is hopefully the highest it can be 62mil thats leave 19mil to play with for CP3 and at least 2 re-signings since we'll have some guys with bird rights which will then give us the MLE say we-sign Turiaf and Williams and we go over the cap we then get a MLE and Bi-Annual exception to add 2 more pieces, everyone said the Miami Big 2 and 1/2 wouldnt work but it did and they re-signed Haslem and Anthony as well as getting Mike Miller
My question is, what is the league able to do if we offer Paul a maximum contract besides of mandating the Knicks (i.e. Dolan) to pay higher luxury tax rate and limitating our MLE rights to so-called mini MLE? Does the league have a right to forbid this possible deal?
how many times do i have to hear "it's impossible" when it comes to the knicks? it was impossible that they could shed salary and trade the players they did. it was impossible to get to the playoffs, it's impossible to get carmelo, it's impossible to get a big FA to sign here (stat). It's impossible to win with d'antoni. It's impossible to succeed! the knicks are f*$Ked any way you slice it. it's just impossible guys!
whats that slogan they got going?
where "impossible" happens
Paul will be a Knicks closed case
The only way CP3 becomes a Knick is the Knicks giving up everybody on the roster except Melo and Amare. Either by trade (Billups + Douglas + Fields + Shumpert) or by signing CP3 as a free agent. I really don't see CP3 accepting an $11m offer from the Knicks.
But if he does, more power to him. He would immediately become my favorite Knick for sacrificing so much to come here. Unlike Marshmelobury, who demanded we sacrifice for him on the chance he might lose money, which incidentally, he wouldn't have lost a dime had he signed here this offseason (as I predicted). Pffff.
I think that what ever CP3 would lose in salary, he would make up twice off the court by being a part of the NYC BIG3..It's neon and broadway...You can't lose money.
As much as I hate to admit it, that Hollinger piece is very true. Amare and Melo are making too much money to allow for a 3rd max contract. It could be done but the team would be void of any significant role players. We'd have to give up our young guys and replace them with min salary vets at the end of their careers or below average players.
This worked in MIA because they got Bosh and Lebron at the same time so it was easier to work out the salary structure from the beginning. As long as the cap is set at 58 mil, it will be very difficult to make it happen and still have a decent team.