A Very, Very Important and Frighteningly Dense Primer on the Knicks’ Salary Cap and Offseason Spending Issues
Remember when you were literally nodding off in that Econ class you took in college to fulfill a math/sci/quantitative requirement because even though you’re pretty sure you recall someone telling you it was even easier than Geology 101 (aka “Rocks for Jocks”) but either that someone was playing a Romney-esque vicious prank on you or was stoned out of his/her gourd (like he/she was for the other 83% of the time) because in actuality, the aforementioned Econ class was a stone-cold killer and in addition, there was this unfathomably attractive woman who you couldn’t bring up the courage to speak to even if you were spiking your Ramen Noodles with pure testosterone who you thought would be in the class too, but you didn’t realize she was actually a serious math dork (in addition to being acteonizingly pretty) and was breezing though multivariable Calc. so there was no need for Helen of Undergraduate Troy to be seen slumming in the lower bowels of the Econ. Dept. and you couldn’t even distract from the mind-numbing boredom by staring at the achingly curved, practically Pre-Raphaelite back of her neck. Remember? Anyway, the class was “Watching the grass grow so slowly that it has time to accurately prepare a complex tax return”-level dull and despite doing everything in your power short of stabbing yourself repeatedly in the upper thigh with a Bic to stay awake you still barely managed to escape with a passing grade.
Well, you’re going to wish you’d paid a wee bit more attention, because said class would certainly help parsing this ESPN piece from Jared Zwerling on the Knicks’ offseason spending options.
Here’s the killer part:
Currently, the Knicks are about $6 million above the salary cap, which means they’re about $9 million under the apron. If Smith opts out and the Knicks don’t re-sign him, they’ll be about $11.5 million under the apron. If they re-sign Lin for about $5 million, they’ll be about $7.5 million under the apron, which would then create the hard cap.
Then, if Fields re-signs for about $5 million as well, the team will only have about $3 million under the apron to spend on three players. Think about that. About $3 million, three players. Veteran minimum’s deals could suck that right up.
That mid-level exception is more critical than you ever thought. From the season to the offseason, Lin still remains right at the top of the Knicks’ discussion. If you’re a fan of the team, you should be rooting for him to sign for $3 million or less.
The full article can be found at the Mothership here.
By Jeezum Crow, if that’s not a giant pigeon poop in our collective bowl o’ Cheerios I dunno what is. Especially if some Russian Oligarch/Nouveau Hipster offers a back-loaded deal to hang with Jay-Z for the next four years. Things certainly got a jot more interestinger ’round these parts. Stay tuned…
**LATE UPDATE: So now Howard Beck via the NY Times just dropped a serious scoop. The Union is challenging how Bird Rights are determined in the cases of players claimed on waivers, like Lin and Novak, which would render the entire above article moot. In a nutshell…if they can use the bird rights on Lin and Novak then they can exceed the cap if they move their clothes down onto the lower peg immediately after lunch, before they write their letter home, if they’re not getting their hair cut, unless they’ve got a younger brother who is going out this weekend as the guest of another boy, in which case, collect his note before lunch, put it in the letter after they’ve had their hair cut, and make sure he moves your clothes down onto the lower peg for you
Hey, did you know that in addition to banging the keys here and occasionally for the NY Times, Robert is a playwright, an actor and a wand'ring mendicant/gadfly? He also once wrestled a bear...and lost.