F500ONE wrote:

Knicksfan wrote:One thing about this: Phil Jackson offered this deal.
you have to believe that he still knows what he is doing with this deal. You have to believe that the "discount" given will indeed give Phil enough room to sign a second star next year

Example of how his contract could look meeting salary rules under CBA

Year 1: $22,500,000 (starting salary)
Year 2: $22,668,750 (0.75% increase)
Year 3: $24,368,906 (7.5% increase)
Year 4: $26,196,574 (7.5% increase)
Year 5: $28,161,317 (7.5% increase)
Total: $123,895,548

Is there really such a thing as a discount when you still get a raise?

Come on, now. We all know he would be getting a 7.5% raise but instead is having a "discounted raise" to help Phil have money to sign someone in 2015.

http://www.postingandtoasting.com/2014/7/15/5897135/melo-paycut-effect-on-future-cap

Knicksfan wrote:

F500ONE wrote:

Knicksfan wrote:One thing about this: Phil Jackson offered this deal.
you have to believe that he still knows what he is doing with this deal. You have to believe that the "discount" given will indeed give Phil enough room to sign a second star next year

Example of how his contract could look meeting salary rules under CBA

Year 1: $22,500,000 (starting salary)
Year 2: $22,668,750 (0.75% increase)
Year 3: $24,368,906 (7.5% increase)
Year 4: $26,196,574 (7.5% increase)
Year 5: $28,161,317 (7.5% increase)
Total: $123,895,548

Is there really such a thing as a discount when you still get a raise?

Come on, now. We all know he would be getting a 7.5% raise but instead is having a "discounted raise" to help Phil have money to sign someone in 2015.

Correct looking at it from a technical giveback standpoint, but he had an option to have his salary decrease by 7.5% too.

He chose to forego it

Had he not given back $1.5mil it wasn't going to stunt us from signing a major target

Cartman718 wrote:

dk7th wrote:i feel sad for knicks fans.

maybe your pity is better suited to another forum? most of us are seeing that phil jackson already removed some trash and brought talent in.

if i actually felt pity i would use the word "pity."

dk7th wrote:

Cartman718 wrote:

dk7th wrote:i feel sad for knicks fans.

maybe your pity is better suited to another forum? most of us are seeing that phil jackson already removed some trash and brought talent in.

if i actually felt pity i would use the word "pity."

sadness, pity, menopause... take your pick :) KL, KD... i have faith that Phil will get one of these two people this year or next.

dk7th wrote:

Cartman718 wrote:

dk7th wrote:

Cartman718 wrote:

dk7th wrote:i feel sad for knicks fans.

maybe your pity is better suited to another forum? most of us are seeing that phil jackson already removed some trash and brought talent in.

if i actually felt pity i would use the word "pity."

sadness, pity, menopause... take your pick :) KL, KD... i have faith that Phil will get one of these two people this year or next.

they are going to have to want to come here voluntarily, so it don't matter how bad jackson wants them here. there is zero evidence that players of that caliber will want to play with anthony.

therefore this coming season melo has a huge onus to prove he's worth coming to new york to play with. make no mistake... 14-15 is not a throwaway season by any stretch.

odd that you associate sadness and pity with menopause-- i assumed you were a male. sorry.

djsunyc wrote:wade just took an $11 mil paycut over 2 years. melo is not looking good compared to other big name players.

Knicksfan wrote:Read this:

One thing I mentioned at the very beginning of this piece is that a larger pay cut might not have changed much for the Knicks. To illustrate that point, we can also take a look at how some commonly suggested pay cuts would have affected the cap sheet. First, the widely requested 5-year, $115 million contract where Melo takes a 7.5% pay decrease in year 2.

Decrease in Year 2

Year_____Amount__________________Raise
2015_____$22,458,401.70__________5.0%
2016_____$20,774,021.57_________-7.5%
2017_____$22,458,401.70__________7.5%
2018_____$24,142,781.83__________7.5%
2019_____$25,827,161.96__________7.5%
Total____$115,660,768.76

Just as with the contract Melo actually took, the foregoing of a maximum increase in 2015-16 leads to less money in each subsequent year. This is what the cap sheet would've looked like:

Renouncing every cap hold for 2015-16 would give the Knicks more than $20 million in space; waiving Pablo would push that number close to $22 million. If New York were to use $19.95 million of that space on Marc Gasol, they would have about $2 million left over. The BAE is projected to be $2.14 million in 2015-16, which means the Knicks would effectively be working with a bit less than the BAE after signing Gasol. The Room Exception is projected at $2.81 million for 2015-16, so the extra $2 million means almost nothing. This contract would also only give the Knicks $3.5 million extra in cap space for 2016-17; that's basically the mini-MLE.

http://www.postingandtoasting.com/2014/7/15/5897135/melo-paycut-effect-on-future-cap

So basically Melo would have needed to take a 5yr/$85-95M contract to make a impact to get one max and one $10M+ player. A $30-40M paycut is not that bad though as a 30 yr old.

yellowboy90 wrote:

Knicksfan wrote:Read this:

One thing I mentioned at the very beginning of this piece is that a larger pay cut might not have changed much for the Knicks. To illustrate that point, we can also take a look at how some commonly suggested pay cuts would have affected the cap sheet. First, the widely requested 5-year, $115 million contract where Melo takes a 7.5% pay decrease in year 2.

Decrease in Year 2

Year_____Amount__________________Raise
2015_____$22,458,401.70__________5.0%
2016_____$20,774,021.57_________-7.5%
2017_____$22,458,401.70__________7.5%
2018_____$24,142,781.83__________7.5%
2019_____$25,827,161.96__________7.5%
Total____$115,660,768.76

Just as with the contract Melo actually took, the foregoing of a maximum increase in 2015-16 leads to less money in each subsequent year. This is what the cap sheet would've looked like:

Renouncing every cap hold for 2015-16 would give the Knicks more than $20 million in space; waiving Pablo would push that number close to $22 million. If New York were to use $19.95 million of that space on Marc Gasol, they would have about $2 million left over. The BAE is projected to be $2.14 million in 2015-16, which means the Knicks would effectively be working with a bit less than the BAE after signing Gasol. The Room Exception is projected at $2.81 million for 2015-16, so the extra $2 million means almost nothing. This contract would also only give the Knicks $3.5 million extra in cap space for 2016-17; that's basically the mini-MLE.

http://www.postingandtoasting.com/2014/7/15/5897135/melo-paycut-effect-on-future-cap

So basically Melo would have needed to take a 5yr/$85-95M contract to make a impact to get one max and one $10M+ player. A $30-40M paycut is not that bad though as a 30 yr old.

Suggesting he shouldve given NYK such a discount? Really?