Erniecat wrote:The knicks are currently over the salary cap. Therefore, they can only offer players either the veteran's minimum ($1.4 million), or use their mini-exception ($2.5 million a year, or $5.1 million for two years). They do not have the full mid-level exception to offer because they temporarily went under the cap by releasing Billups before signing Chandler.
http://hoopshype.com/salaries/new_york.htm
I am not talking about the MLE. I am talking about the left over cap space
Knicks Salary is UNDER 60 after rescinding Derrick Browns offer.
actually about 59.6
billup 14.2
turiaf 4.36
18.56
- Chandlers 12.5 starting salary.
and Salary is at 58m or so so subtract 2m as well
We should still be under the cap, before any more signings at this point.
But
over here
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We Signed our rookies, and offer 2min contracts out, to put us over the cap
b4, we signed our rookies, and 2 min contracts, we could have used that salary to sign a FA instead of using it the way we did....