Damn what a relief! Best news about the Knicks I've heard in a while.
Damn what a relief! Best news about the Knicks I've heard in a while.
I think I'll exercise my skepticism on this one. Massive boon for big markets, and we all know what happened when Dan Gilbert (who is currently chainsawing a LBJ voodoo doll) intervened on the CP3 to LAL trade after the CBA lockout. This has gotta be in the same ballpark, no? There'll be tantrums, count on it.
If smaller market teams object, and the league is attempting to put in place an equilibrium between all markets, this could very well turn in to another separation of sides ~ haves and have nots (on an NBA level, that is) ~ and cause a lot of headaches for Stern.
Will he save himself the trouble and have it burned?
Last edited by BillyHoyle; Jun 23, 2012 at 11:47.
I hope this ruling sticks in the appeal. Greatest thing that happened for Knicks after Linsanity.
Just as a front came through New York City with heavy, cooling rains to wash away the oppression of the Heat, an arbitrator's decision cleared the way for the Knicks to continue to build and potentially challenge a championship won in Miami the night before.
Kenneth Dam's ruling in favor of the NBA Players Association stance that Jeremy Lin and Steve Novak do retain their Early Bird Rights was not just a win for the players' union, but also for the Knicks. The move unshackled their ability to be players, and potentially significant players, in free agency this offseason.
If you're just joining this conversation now, please refer to this blog we posted about the arbitration hearing last week. It will get you up to speed.
Now let's explain what this means for the Knicks going forward:
The Knicks can re-sign Lin, a restricted free agent, without having to use their Mid-Level Exception. So if a team attempts to sign Lin to an offer sheet (up to the league average), the Knicks can match that contract without any restrictions. The same goes for Novak.
If the arbitrator had ruled in favor of the NBA and Lin did not maintain his Early Bird Rights, the Knicks would be extremely limited this offseason. Basically, they would be at the mercy of opposing teams signing Lin to an offer sheet that would cost the Knicks their entire full MLE. That, in turn, would trigger a clause in the NBA which caps non-taxpaying teams that use the full MLE to a limit of $4 million over the luxury tax threshold. So not only would the MLE be gone, but there would be very little room to do anything else, even with the $1.9 million Bi-Annual Exception and veteran's minimum deals.
This is why the arbitrator's decision is such a huge win for the Knicks.
By Lin maintaining Early Bird Rights, the team still has both exceptions, the MLE (either $3 million or $5 million) and the BAE, but it is still tricky here. The team will not likely use the full $5 million exception because of that clause we just mentioned that triggers the hard cap.
[Technically, the Knicks could use the full MLE, but it would be a great risk. Why? Because if they are held at the instituted hard cap, they can not add any more players for the entire 2012-13 season. This means if a player is injured, you can not sign a free agent to a veteran's minimum or even a D-League player to a 10-day contract.]
Instead, expect the Knicks to go with the $3 million tax-payer MLE, which would not trigger the $4 million apron and hard cap. It would allow them to sign a free agent at $3 million, use the $1.9 million bi-annual to sign another player and still have the luxury of adding as many veteran's minimum contracts as they please throughout the season. Trust me, this matters, especially when a player is amnestied or waived after the trade deadline.
So how do the Knicks sign Steve Nash with only the $3 million mid-level? The answer is simple: they don't.
Instead, look for the Knicks to talk to several veteran point guards, from Jason Kidd to Raymond Felton, and possibly former Sixth Man of the Year Lamar Odom or veteran shooter Ray Allen, with the MLE and BAE in their pocket. Will they be enough to make a significant move? That remains to be seen. That depends on whether some of these veterans want to be part of taking on the Miami Heat. They are the new standard in the East and the Knicks know they have to build to beat them.
This is why I also look forward to seeing if Glen Grunwald and his crafty group can come up with another Tyson Chandler-type plan, using some of the other assets on this team. Consider the value in Landry Fields ($2.6 million qualifyer), Toney Douglas' expiring contract ($2 million) and non-guaranteed money in Dan Gadzuric ($1.3 million), Josh Harrellson ($762,195) and Jerome Jordan ($762, 195).
If a team is looking to sell and take nothing back, the Knicks have the pieces, plus $3 million in cash considerations, to put on the table. It's not much, but as the Heat showed us, stars can get you far in this league, but a solid supporting cast (Shane Battier, Mike Miller) can get you to the top.
So as of now, the Knicks believe they can count on bringing back its starting five, plus one major piece of that Mobb Deep bench if Novak is interested. J.R. Smith has until Tuesday to decide whether he will pick up his $2.5 million option for next season or become a free agent. Even if he does not pick up the option and becomes a free agent, the Knicks can re-sign Smith for a 120-percent raise. In my opinion, it's safe to pencil Smith in right now.
Jared Jeffries was a solid defensive big off the bench and has a place here, too, if he wants to return.
What this decision means is the Knicks have options they would not have had available had the arbitrator ruled in favor of the NBA. And they're not completely in the clear yet because the NBA announced it planned to appeal the decision by Dam, so the case will be brought to an appellate panel for review.
The league has to appeal this, not only because it's general practice to appeal when the right to appeal is theirs, but also because if they dismiss this loophole, they set a precedent for the NBPA to challenge several other possible ambiguities in the CBA.
There is still a little over two weeks before free agents can be officially signed, but the clock is ticking and the NBA knows it is unfair to have a team, and free agents, go into free agency uncertain of status. As for now, the ruling stands and Jeremy Lin's future as a Knick is almost certainly secured.
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Plenty to digest there. I'm still cautiously reserved that things are going to work out post appeal.
The league has apparently overlooked a number of loopholes from the most recent CBA, and if they allow this to be reconstructed, they'll likely have a lot of work ahead of them to restructure/iron out the fine print. I'm sure they'd prefer not to, and I'm sure there'll be influxes of both good and bad news for Knick fans before a decision is finally made.
Sorry, but doesn't think ruling also mean that a smaller market team is more likely to retain the player they picked up off waivers instead of a big market team throwing money at them to lure them away?
Commish to appeal ruling on Lin, Novak
New York Post - By MARC BERMAN
Posted: 12:42 AM, June 24, 2012
Apparently, NBA commissioner David Stern wants to be a candidate for most hated man in New York.
According to a league official, Stern’s plan to appeal the union’s victory in the Jeremy Lin/Steve Novak Bird rights war may carry over into the July 1 start of free agency. That would delay the Knicks’ ability to negotiate for any free agent and create a public-relations nightmare for Stern, whose office is in midtown.
Tomorrow, both sides will start talks concerning setting up an appeal panel in Stern’s attempt to overturn arbitrator Kenneth Dam’s decision. One possible resolution is having the appeal process occur but still allowing Novak and Lin to have their Bird rights this summer.
Without Bird rights for Novak, the Knicks have no means of re-signing the 3-point ace. Without Bird rights for Lin, the Knicks would have to use their $5 million mid-level exception, leaving little means to sign another free agent beyond the veteran’s minimum.
If the union victory stands up, the Knicks will have either a $5 million or $3 million exception to use on a free agent. Union attorney Ron Klempner said he expects the two players to have Bird rights July 1.
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Stern is the biggest DOUCHE ever...
Sterns hit list
The first issue is correct.... its all about the paper $$$.
The second issue really favors small market teams more than big market teams when it comes to cheap waive players being picked up by small market teams and retain after a decent season by having their Birds Rights.
It is 2012. the NBA annual salary cap should be at $65M to $70M....ticket prices has trippled since having a $40M cap in the 90's.
Small-market teams (Grizzles/OKC/GS) eventually go over the low Salary Cap (under $60M). Plus we watched small-market teams become big-market teams over night....Cavs, OKC, Spurs, Mavs, Magic, Bulls, ect..
If the small-market Bobcats organization had any loyalty in scouts and coaches on their staff the Bobcats wouldve sign an amnesty-player, plus took advantage of signing the market of well rounded minimum-wage role-players (under $1M per) in the 2nd round draft (Landry Fields), and the waive D.League players like Steve Novak, and Jeremy Lin.
The Bobcats owner Mr. flipomatic MJ wouldve still had his star-role-players (Diaw/S.Jackson/ect.) on the roster to be another small-market team pushing the league towards waive players to retain their Birds Rights.
The CBA lockout made some right-rules and a lot of wrong-rules to water-down the future of the NBA.
I wasnt happy with Lebron leaving his hometown Cleveland, but the tandem of Lebron & D.Wade gave the NBA the missing excitement of "Magic & Worthy -vs- Bird & Mchale -vs- MJ & Pippin". Say what u want but no two teammates came half as close to the exciting performance Lebron & D.Wade gave the past two seasons...
@BillyHoyle: it's always about the money [and power], that whole lockout story last year could as well be told in one sentence: who gets more $$$. Of course both parties tried to surround their financial wishes with some more basketball related arguments but it was still about the dough.