The NBA Mistress

You can find other Team Salaries here or here  or here and below I will list the payroll for the 2012-2013 NBA season for the New York Knicks.

Restricted Free Agents

Landry Fields

Jeremy Lin

Unrestricted Free Agents

Mike Bibby

Jaried Jeffries

Steve Novak

J.R. Smith (Players Option)

Team Salary: (I do not list qualifying offers for restricted free agents)

Carmelo Anthony: $19,887,905

Amar’e Stoudemire: $19,948,799

Tyson Chandler: $13,604,188

Iman Shumpert: $1,633,440

J.R. Smith: $2,612,500 – Player’s Option

Toney Douglas: $2,067,880

Jerome Jordan: $762,195 – Non Guaranteed

Josh Harrellson: $762,195 – Non-Guaranteed

Total: $62,954,102

Cap Space: $58 million (Note: Cap Space for next season is determined after the league’s audit in July. For 2012, this time is from July 1-10, so the specific amount will be set then, but it’s assumed it will be set at the same number)

Luxury Tax Line: The team will pay dollar for dollar for what their team salary exceeds over the luxury tax line, In this circumstance, New York is under the $70 million Luxury Tax Line.

Team Cap Holds: (A ‘cap hold’ is the amount of space a free agent counts towards a team’s cap. If said player signs with new team, re-signs, or player is waived the cap hold is eliminated)

Dan Gadzuric: $854,389

Mike Bibby: $854,389

Baron Davis: $854,389

Jaried Jeffries: $854,389

Steve Novak: $854,389

Landry Fields: $854,389

Jeremy Lin: $854,389

The biggest issue now for the Knicks is if Jeremy Lin and Steve Novak can retain their Birds’ Rights. The players’ union is currently appealing this fact to an independent arbitrator in which they argue Lin and Novak (whom New York picked up off of waivers) should retain their rights just like traded players would. If the ruling is in the players’ favor, they New York will be able to re-sign BOTH by exceeding the salary cap.

However, if the ruling goes in favor of the league, New York will be forced to use the MLE on Lin and makes it more difficult for New York to retain both Novak and Lin. Despite this, if the MLE is used on Lin, it would leave the bi-annual MLE or the veteran’s minimum as the most likely offers for Novak.

 

 

This entry was posted on Friday, June 1st, 2012 at 2:03 pm and is filed under 2012-2013 Payroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.