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Thread: Calling LJ & OT!

  1. #16
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    Originally Posted by KingofNy
    I agree, lock him up now. I've seen enough to give him a contract. The kid needs job security and to feel like he's welcome here. No better way to show that then to show him the $$$. Also he'll definitely come cheaper now then at the end of the season. If he keeps this up he's going to require a MAX contract and we don't want to have to pay that.
    I think thats the wrong thinking... At the end of the year we can offer him 5 mill a year, I cant see him accepting more than a 2 or 3 yr deal at that rate. If another team wants to step in and offer him, say, 10 mill for 5 years we would match. That would be perfect for both parties. That way we lock him up for the conceivable future, at a reasonable price.

  2. #17
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    Originally Posted by Danilo
    I think thats the wrong thinking... At the end of the year we can offer him 5 mill a year, I cant see him accepting more than a 2 or 3 yr deal at that rate. If another team wants to step in and offer him, say, 10 mill for 5 years we would match. That would be perfect for both parties. That way we lock him up for the conceivable future, at a reasonable price.
    I'm not a capologist like some here but I find it hard to believe that we can field almost 4 max contracts (which is what Lin will get if he keeps this up), and still have any $$$ left to sign anyone else in the next few years. Maybe I'm wrong, I don't know.

    Hey LJ or OT, can you tell me how the below situation would work out?

    Say Lin continues to be a beast and we don't sign him by the end of the season. Then we give Lin an offer in the mid-level exception range and another team offers him multi-year offer worth 11M per year. If we match that offer how will it affect our cap after the following season (2014-2016 etc)? Can we really afford to have almost 4 max players and still field a decent team? Also, if we did sign him for the max does that mean Landry would be shown the door? Thanks guys!

  3. #18
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    from what i've read it sounds like you can sign both no matter how much other teams offer them

  4. #19
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    Originally Posted by amazinz5
    from what i've read it sounds like you can sign both no matter how much other teams offer them
    Yea but how does that affect our cap when it comes to signing other free-agents in the coming years or resigning our other players when their contracts are up? I don't understand how resigning our own free agents, even max-contract guys, doesn't affect our cap?

  5. #20
    Member JazRedGT's Avatar
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    We will never have free agent cap space again until amare and melo are gone. We will have mid levels though and you can also sign vet mins. Oh and there is no hard cap so we can max it up on all our bird rights players.

  6. #21
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    LJ4ptplay, wasup with Berman and the NYPost stating that the Knicks don't have his early bird rights?

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    Originally Posted by CoolClyde
    D'oh-lan ain't worried about paying $$, he'll just charge more for the handicap seats...
    he paid out $12M for Anushka just to get the f*ck out, he'll pay Spike Lin $10M just to
    stay the f*ck in! not only is Lin-da worth his weight in gold, but he brings the Asian
    community in, to fill the seats and sell out the Gardlin, and THAT my friends, is worth
    every penny to a corporate gonad like D'oh-lan.
    Nah the China money Lin will bring in will pay for the salary of the entire roster. If anything he should lower ticket prices lmao

  8. #23
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    Originally Posted by portega1968
    LJ4ptplay, wasup with Berman and the NYPost stating that the Knicks don't have his early bird rights?

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    He's wrong. He's getting killed on Twitter for it also.

    The Knicks have Lin's rights and some people are even saying there is some rule where the most Lin can be payed is 5 million. So who knows. All that is known is he's a restricted free agent so there is a 95% chance he's gonna be a Knick after this season and beyond.

  9. #24
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    Originally Posted by KingofNy
    I'm not a capologist like some here but I find it hard to believe that we can field almost 4 max contracts (which is what Lin will get if he keeps this up), and still have any $$$ left to sign anyone else in the next few years. Maybe I'm wrong, I don't know.
    I don't think Lin gets a Max deal from any team. The only exception would be if Deron leaves, and Prokorov needs someone for headlines. If Lin averages around 15 and 8, which as some others have noted would be conceivable. Even if he averages like 17 and 8, or 15 and 10... he probably doesn't garner a max deal. Rondo got 55 mill for 5 years after a season of 12 8 and 5... and that was in the old CBA. I'd be surprised if any team topped 12 mill. Lin is more than worth 12 mill to the Dolans.

  10. #25
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    Default New CBA

    I have been unable to find a full copy of the new CBA on the internet and am thus not in a position to determine what Lin's current status is. I saw Berman's article, but I trust LJ4ptPlay far more than I do Berman.

    It is pretty clear that, we will have cap problems for the foreseeable future. Melo's, Amare's and Chandler's contracts increase each year. If Lin and Fields are restricted free agents, even if Lin was taken off the waiver wire, we can sign them even if doing so puts us over or even further over the cap. dolan might well soon be paying a substantial luxury tax.

    As I understand it, however, being over the cap in the new CBA will limit mid-level cap rights. And I am not sure you get a mid level, or mini-mid level -- exception each year.

    Does anyone know an internet site for the full new CBA?

  11. #26
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    Originally Posted by Danilo
    I don't think Lin gets a Max deal from any team. The only exception would be if Deron leaves, and Prokorov needs someone for headlines. If Lin averages around 15 and 8, which as some others have noted would be conceivable. Even if he averages like 17 and 8, or 15 and 10... he probably doesn't garner a max deal. Rondo got 55 mill for 5 years after a season of 12 8 and 5... and that was in the old CBA. I'd be surprised if any team topped 12 mill. Lin is more than worth 12 mill to the Dolans.
    That's why I was saying that it's realistic that Lin could be offered around 11M per year. NBA owners are looking at Lin like he's a kid that will make them a lot more money than the luxury tax it will cost to sign him. Lock him up now if possible imo.

  12. #27
    El Cacique portega1968's Avatar
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    This seems to be the definitive answer on Jeremy's contract situation (he's not eligible for Early Bird Rights)

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    Finally, a Definitive Answer on Jeremy Lin’s Contract Status
    February 13th, 2012 by Brian Cronin

    While it pains me to basically just re-post what I originally posted five days ago before I was convinced to edit my original piece, now that we have apparently as definitive of an answer on the topic as we’re going to get from the great Howard Beck from the New York Times, I figured it made sense to share the situation (which, again, has finally been verified by Beck).

    Here, then, is the contract status for Jeremy Lin…

    Lin is not eligible for so-called “Early Bird Rights,” which means a player that has played for a team for at least two years. In the NBA CBA, you can transfer your Bird Rights if you were traded from one team to another. So if Lin had been traded from the Golden State Warriors to the Knicks, the Knicks would have his “Early Bird Rights.” However, since he was waived by the Warriors, as soon as he was waived, his Bird Rights reset. Therefore, Lin counts only as having played for the Knicks for one single season.

    Landry Fields, having played for the Knicks for two years, has “Early Bird Rights.” What it basically comes down is that the Knicks are allowed to go over the cap to pay Fields anything up to the average salary (which is roughly $5 million). Since Lin has no Early Bird Rights, the Knicks are not allowed to go over the cap to re-sign him (besides a general raise of paying him 125% of his current salary – this is an exception available to all free agents in the NBA. Their current team can offer them a raise for the next season of 120% of their current salary. For Lin that’d be roughly $1 million (it is 125% for Lin since he is a restricted free agent, and your qualifying offer for a restricted free agent has to be at least 125% of the player’s current salary, so that is the bare minimum the Knicks can offer Lin for next season – that extra 5% is no chump change).

    Since the Knicks will be over the $58 million salary cap this offseason but under the $70 million luxury cap, the Knicks will have access to both of the major exceptions. The Bi-Annual Exception (which is roughly $2 million and available, naturally enough, every other year – so long as you’re over the cap and under the luxury cap) and the Mid-Level Exception, which is roughly $5 million (available every year, provided you are over the cap and under the luxury cap). They can pay Lin under either of the two.

    Where the Knicks luck out is the fact that both Lin and Fields, since they’re coming off their initial two-year contracts (while the Knicks did not gain Lin’s Early Bird Rights, they at least did inherit his original two-year contract), they are both restricted free agents this year. Not only that, but they are governed by the so-called “Gilbert Arenas Provision.” This limits the amount of money other teams can offer either Lin or Fields to a maximum starting salary of the average NBA salary (roughly $5 million).

    Since the Knicks own Fields’ Early Bird Rights, they can match any offer without having to use their mid-level exception. However, since Lin does not have Early Bird Rights, the Knicks would have to dip into their exceptions (and almost certainly the mid-level) to match any offer sheet for Lin.

    So the good news is that the Knicks are guaranteed to be able to keep both Fields and Lin if they want to. The bad news is that if anyone makes an offer of over $2 million to Lin, the Knicks would have to dip into their mid-level exception to pay for it, therefore effectively nullifying the MLE as a tool to sign a good free agent (like, say, Steve Nash). So they might be in a situation where they would have to choose between Nash and Lin. Who would you choose?

    One tricky aspect of the Gilbert Arenas Provision is that teams could still sign Lin to deals bigger than just the MLE times however many years (like 4 years/$20 million), they just can’t have the first two years be larger than the MLE so that the Knicks cannot be outbid. The first year has to be for $5 million. However, if a team is, say, $11 million under the cap, they can offer Lin a 4 year/$44 million contract (you have to be currently under the cap by whatever the average yearly figure of the deal is). The first two years would be for the MLE and then the last two years would be backloaded so that the entire deal would average out to $44 million (so the first two years would be $5 million a year and the last two years would basically have to be $16 million a year each). It is highly unlikely that a team would throw such backloaded payments into a deal, as it is not good for anyone’s salary cap, but I can imagine a team figuring that it would be especially bad for the Knicks, what with the increases in Melo and STAT and Chandler’s salaries in three years. Imagine the luxury tax that the Knicks would have to pay! So do not be surprised if a team tries to give Lin a deal for more than $5 million a year. Still, if Dolan is willing to pay the luxury tax, then the Knicks cannot be outbid.

    So that’s pretty much it. The Knicks can keep both Fields and Lin, but if they keep Lin, they are pretty much saying goodbye to any other notable free agent. With the way Lin is playing, though, that is not such a bad thing.

    Thanks to Larry Coon for his invaluable Salary Cap FAQ, which turned out to be absolutely right on target (as it said “If a player is waived and is claimed by another team before he clears waivers, then his Bird clock resets”). And thanks to the aforementioned Howard Beck!

  13. #28
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    ^ awesome report.

    Essentially, we should expect to have no MLE next year.

    What about ongoing years, however, would we have our MLE then?

    And we still can indulge in the 2.5M exception this season? Or would that have further ramifications on signing Lin after this season?

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