Knicks Morning News (Wednesday, Jul 11 2012)
Matching the Rockets’ $29-million offer sheet to Jeremy Lin isn’t going to be enough for the Knicks. They’re also going to have to patch things up with their returning playmaker.
Tyson Chandler is thankful for the help in the paint. A day after the Knicks agreed to terms on a sign-and-trade for his backup, Marcus Camby, the center said the team is better constructed to deal with the likes of the Heat, which punished the Knicks inside during the playoffs.
About three hours before teams could formally sign players and finalize trades, the NBA announced its salary cap and luxury tax numbers for the 2012-2013 season.
Here are the numbers, released around 9 p.m. on Tuesday:
Salary Cap: $58,044,000
Tax Level: $70,307,000*
* — any team with a combined salary of more than $70,307,000 has to pay a luxury tax of $1 for every $1 they are over that number.
Teams are required to spend a minimum of $49,337,000 — or 85% of the salary cap.
The Knicks will officially match Jeremy Lin’s $28.8 million offer sheet from the Rockets as soon as Wednesday, when the NBA moratorium ends, thereby keeping the author of Linsanity at the Garden for at least the next three seasons.
The Knicks have 72 hours to match, but likely…
LAS VEGAS â?? From the 111-degree desert heat, Carmelo Anthony said Tuesday the Knicks have made a much-needed “splash” this summer.
The Knicks have added Jason Kidd at point guard for the $3.09 million mini midlevel exception and agreed to a sign-and-trade for backup center Marcus Camby. Their deals to…
A four-team deal that would have sent Magic center Dwight Howard to the Nets appeared to have fallen apart Tuesday.
A 6-foot-6 guard, he is likely to sign his new contract, a two-year deal worth $2.8 million in the first year with a player option in the second, Wednesday.
Dwight Howard’s interest in joining the Brooklyn team changed the landscape of the N.B.A., rendering the Nets no longer a punch line, but a destination.
The Knicks made two moves Monday to build their roster, acquiring Marcus Camby in a sign-and-trade deal with the Houston Rockets and agreeing to a four-year deal with Steve Novak.
Deron Williams hit the jackpot in Las Vegas, and Blake Griffin signed on for a few more years in Los Angeles.
The Los Angeles Clippers have signed All-Star forward Blake Griffin to a five-year contract extension that could be worth up to $95 million.