According to the New York Daily News, Isiah Thomas and Jalen Rose are working out a buyout of the remaining one year/$16 million left on Rose’s contract.
This will now make it a staggering $52 million that the Knicks will owe on the salary cap this year for five players who will not play for the Knicks this year (Allan Houston, Jerome Williams, Shandon Anderson and Maurice Taylor are the other four…you can stretch it to 6 players and $58 million if you want to argue that Malik Rose is essentially paid to not play as well).
However, seeing as how this money is already spent, I think it probably does make more sense to cut Rose loose than to keep him around. Unlike Malik, Jalen Rose likely would not be a good influence on the younger players, and like Malik, he wasn’t going to play any significant minutes, so if this can free up a roster spot for another player, then that’s okay by me.
What’s intriguing about this the most to me is who is the Knicks back-up small forward until Jeffries comes back? Is it Renaldo Balkman? Or David Lee?
Or will we see Jamal Crawford at the 3 in a three-guard lineup?