pk1 Posted June 23 Report Share Posted June 23 SAN ANTONIO - A clause in the NBA's new collective bargaining agreement will likely end Allan Houston's career in New York and save James Dolan millions of dollars in the process.A person familiar with the negotiations between the league and the players' union told the Daily News the two sides are finalizing a clause that would give teams that pay the luxury tax the option of releasing one player and removing that player's salary from their luxury-tax number.The Knicks are expected to take advantage of the one-time only offer and would save approximately $40 million if they waive Houston, the oft-injured shooting guard team president Isiah Thomas has been trying to remove from the roster since last year.Houston, 34, who has played in just 70 games over two seasons because of an arthritic knee, is scheduled to earn $39.8 million over the last two years of his contract. If the Knicks cut Houston, they are still obligated to pay his entire salary, and his contract would still count against the salary cap.However, the Knicks may be $45 million over the luxury-tax threshold next season and would have to pay a dollar-for-dollar tax. By releasing Houston, who will earn $19.125 million in 2005-06, they would eliminate the same amount that Dolan, the Garden chairman, would have to pay in luxury tax. The Knicks are likely to be $45 million to $60 million over the tax threshold in 2006-07, the final year of Houston's $100 million contract. By cutting Houston, Knicks would eliminate $20.7 million from their luxury tax."I think he's gone," said one league executive. "How could they turn that down?" Talk about a miracle. Quote Link to comment Share on other sites More sharing options...
drdoom Posted June 23 Report Share Posted June 23 SAN ANTONIO - A clause in the NBA's new collective bargaining agreement will likely end Allan Houston's career in New York and save James Dolan millions of dollars in the process.A person familiar with the negotiations between the league and the players' union told the Daily News the two sides are finalizing a clause that would give teams that pay the luxury tax the option of releasing one player and removing that player's salary from their luxury-tax number.The Knicks are expected to take advantage of the one-time only offer and would save approximately $40 million if they waive Houston, the oft-injured shooting guard team president Isiah Thomas has been trying to remove from the roster since last year.Houston, 34, who has played in just 70 games over two seasons because of an arthritic knee, is scheduled to earn $39.8 million over the last two years of his contract. If the Knicks cut Houston, they are still obligated to pay his entire salary, and his contract would still count against the salary cap.However, the Knicks may be $45 million over the luxury-tax threshold next season and would have to pay a dollar-for-dollar tax. By releasing Houston, who will earn $19.125 million in 2005-06, they would eliminate the same amount that Dolan, the Garden chairman, would have to pay in luxury tax. The Knicks are likely to be $45 million to $60 million over the tax threshold in 2006-07, the final year of Houston's $100 million contract. By cutting Houston, Knicks would eliminate $20.7 million from their luxury tax."I think he's gone," said one league executive. "How could they turn that down?" Talk about a miracle.This is too good to be true. Why did Layden give this fuck a max contract to begin with? Why? Why? Quote Link to comment Share on other sites More sharing options...
jtk4 Posted June 23 Report Share Posted June 23 don't worry thomas will just give a max contract to antoine walker or someone like that to make up for it. Quote Link to comment Share on other sites More sharing options...
JonStephen Posted June 23 Report Share Posted June 23 don't worry thomas will just give a max contract to antoine walker or someone like that to make up for it.I heard he wants spree Quote Link to comment Share on other sites More sharing options...
pookie23 Posted June 23 Report Share Posted June 23 I heard he wants spree Quote Link to comment Share on other sites More sharing options...
kfitz73 Posted June 23 Report Share Posted June 23 One max contract down... only about 6 to go! Quote Link to comment Share on other sites More sharing options...
jtk4 Posted June 23 Report Share Posted June 23 I heard he was going to trade the first round pick + thomas for nick the quick and whatever 6'9" power forward the blazers have. Quote Link to comment Share on other sites More sharing options...
pk1 Posted June 23 Author Report Share Posted June 23 They just traded away their last center for Q. hahahahhahahhaa! Quote Link to comment Share on other sites More sharing options...
JonStephen Posted June 24 Report Share Posted June 24 They just traded away their last center for Q. hahahahhahahhaa!Thats actually a good trade talent-wise....but that just eats up more salary cap spaceI really dont know what the fuck the Knicks are thinking with their overspending Quote Link to comment Share on other sites More sharing options...
kfitz73 Posted June 24 Report Share Posted June 24 I really dont know what the fuck the Knicks are thinking with their overspendingMaybe they're trying to catch the Yanks?? Quote Link to comment Share on other sites More sharing options...
drdoom Posted June 24 Report Share Posted June 24 Nah, they'll probably offer Tim Thomas a max contract and not release Houston because their "nice guys." Quote Link to comment Share on other sites More sharing options...
pk1 Posted June 24 Author Report Share Posted June 24 And now your starting center.....STEPHON MARBURYYYYYYY!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
vicman Posted June 24 Report Share Posted June 24 good move for the suns. i liked quentin, but they need someone in the middle that actually plays decent d and grabs some boards. Quote Link to comment Share on other sites More sharing options...
nomembername Posted June 24 Report Share Posted June 24 it's a good move for the knicks if they can go out and get that 7 foot center from Seattle...whatever his name isif they don't get a legitimate center than it was stupid...i'm hoping Thomas is planning on making another move Quote Link to comment Share on other sites More sharing options...
majinbuu Posted June 25 Report Share Posted June 25 there is no method to zeke's madness... Quote Link to comment Share on other sites More sharing options...
drdoom Posted June 25 Report Share Posted June 25 it's a good move for the knicks if they can go out and get that 7 foot center from Seattle...whatever his name isif they don't get a legitimate center than it was stupid...i'm hoping Thomas is planning on making another moveWHo James? Fuck no. Quote Link to comment Share on other sites More sharing options...
ghhhhhost Posted June 25 Report Share Posted June 25 jerome james sucks aids monkey dick unless he's playing the Kings....if the knicks could sign him..and get D.Stern to hook up 53 games against the Kings next season..home court advantage it is Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.