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Thread: How to shed 10 million w out trading Curry/ not having a pick next year a good thing?

  1. #31
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    I have an understanding of the cap rules that differs from Kblack's --



    Originally Posted by Oldtimer
    In early July the League informed the NBA teams that it projected the 2010 Salary Cap, which is a function of revenue, to be somewhere between $50.4M and $53.6M. The mid-point between those two numbers is $52M.

    Recently Walsh announced that in 2010 the Knicks would be about $21M under the Cap. Since the Cap has yet to be set definitively, I am not sure what Cap number he was projecting.

    The 2010 committed contract amounts for Curry, Jefferies, Gallinari, Chandler, Hill and Douglas add up to about $27.33M. Barring trades, these contracts will all be included in 2010 "Team Salary." Because free agent contracts, i.e,, Lee, Nate, Harrington, etc., are also included in the "Team Salary" and in amounts exceeding their 2009 contracts, we can assume that the Knicks will renounce their Bird or other rights to avoid inclusion in the "Team Salary." As I understand it, unused mid-level and bi-annual exceptions are also included unless renounced. I believe last year's mid-level was about $5.8M. I am not sure, but I believe the bi-annual was about $1.9M.

    Lets assume the Knicks renounce both the Bird rights to their free agents and the two otherwise included exceptions. That would leave us with only six players. The roster for "Team Salary" purposes must be at least 12. The other six positions, for Team Salary purposes must be filled up with assumed minimum salary players. The minimum player salary for 2010 is $473,604. For six minimum salary players the "Team Salary" will be increased by $2,841,624. If we add that to $27.33M, we will have a minimum 2010 Team Salary of about $30,171M. If the League Cap projections prove to be accurate, that will give us between $20M and $23M in 2010 Cap space.

    A max contract is 30% of the salary cap. On the League projections, a max contract will cost between $15M and $16M.

    Without trades of both Curry and Jefferies, it will be impossible to get two max contract free agents. Without a trade of at least Jefferies, we will only be able to sign one of our free agents.

    If we can trade Jefferies and avoid a contract extending into 2010, we can sign perhaps two of our free agents and one max contract. But if our 2010 team includes a max free agent and two of our current free agents, our "Team Salary" in 2011 even without Curry's contract is not likely to leave room for a max free agent in 2011.

    But then again, in 2011 there may be a new, and more favorable for Cap purposes, Collective Bargaining Agreement.

  2. #32
    Veteran KBlack25's Avatar
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    Originally Posted by Oldtimer
    I have an understanding of the cap rules that differs from Kblack's --
    Hmm? I haven't posted in this thread. But I believe you had it right. I've been reading the rules a little more closely than I did before, a lot of technical legal jargon in the actual CBA, but I can't seem to find anything at all relating to the Bird rule...I'd like to see the literal wording of it before I make a comment.

    Also, what you say about the maximum salary is not true. The maximum salary is 30% of an adjusted BRI. Basically the salary cap is 51% of average earnings, but the maximum salary is 30% of 48.05% of that number. This reduces the maximum salary by about a million. However, LeBron's maximum salary will be different than everyone else's. Assuming the maximum contract is $14 million, LeBron would not be bound by this number. He would be entitled to 105% of his previous salary (about 15.5 million)

    Basically, while the situation appears dire, it's not as bad as it seems. With the tempting contracts of David Lee's Larry Bird Rights as well as Nate's and Al's, I have total faith Donnie can get back a reasonable package put together. SOMEONE is going to want to sign one of those three without worrying about being over the cap, no? And depending on how willing they are to do that, Curry or JEfferies (or both) can be shipped along with them.

  3. #33
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    Also, oldtimer, since you seem to have a grasp on the CBA, do you know if there is any poison pill provision in the CBA to prevent a lockout? I know the NFL's current CBA (which is set to expire soon) says that if no agreement is reached the year before the current CBA is set to expire, then there will be a season of salary cap-less football, but the players set to become free agents after 4 years can not as the free agent minimum experience becomes six years. Also, teams that make the divisional rounds of the playoffs will be limited to a salary cap where everyone else will not. This is meant to ensure there is some agreement in place (though it's looking less and less likely).

    I would imagine with the economy taking a turn, there will be much debate over the new CBA. I could see players demanding higher salaries (perhaps a more relaxed Larry Bird rule - increasing player salaries...perhaps less of a percentage will count against the cap) and the salary floor dropped a bit (so owners can spend less should they choose to do so). I could also see the salary cap becoming a higher percentage of the BRI (to raise salaries) but also less money guaranteed (to neutralize the long-term effect of contracts). It will be interesting to see how the CBA deal plays out.

  4. #34
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    i waiting for 2011, the knicks should try to get a top 3 pick, you can get a good player at a low cost, we dont need anymore overpaid, over the hill, underachievers...

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