The new CBA (whenever it’s agreed upon) will also clear more cap space for the Knicks in 2012 because of the agreed-upon amnesty clause.
Knicks interim general manager Glen Grunwald is expected to use the clause on Nuggets throw-in Renaldo Balkman, whom he once drafted. Balkman is to make $1.7M in 2012 and is not in Knicks coach Mike D’Antoni’s plans.
When Balkman, a former first-round pick in the Isiah Thomas Era, is sliced, his $1.7M salary won’t count toward the cap under the new provision.
Without Balkman taking up 2012 cap room, the Knicks may have only three players under a guaranteed contract after this season: Anthony ($19.4M ), Stoudemire (19.9), rookie Iman Shumpert (projected $1.4M).
Toney Douglas has a team option for $2.06M and may not be re-signed if Shumpert excels. If the Knicks don’t exercise the Douglas option, they could be at $40.3M entering that summer -- possibly $20-$21M million in cap space.
Yahoo! has reported the NBA and players a
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