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Knickoftime
Posts: 24159 Alba Posts: 0 Joined: 1/13/2011 Member: #3370 |
![]() martin wrote:Second, "I doubt we come in over the cap in the off-season". Let's use real numbers. Just in case you were not aware: http://hoopshype.com/salaries/new_york.htm. Most likely, the Knicks WILL be over cap. And even if there were slightly under the cap, it does not disqualify you from using the MLE. A team $2m under the cap can use the entire MLE. Being under the cap doesn't disqualify you. EVERY team gets it every year. This rule is almost universally misunderstood. You just can't COMBINE the MLE with cap space, so teams well under the cap usually renounce it to open up PURE cap space to offer larger contracts. For example. If an NBA team goes into the offseason with $45m in guaranteed salaries and free agent amounts (otherwise known as cap holds) and the cap is $60m, the NBA by CBA rule divides that up, placing the appropriate amount into the known exemptions. Around $5.7m of the $15m will be designated as the MLE, and around $2m the LLE, leaving a team with the full MLE, full LLE and THEN $7.3m of free cap space. So if a team wants to sign a free agent to a MAX contract, they have to renounce the MLE and LLE, to move those amounts into the free cap space category. But if team goes into the offseason with a payroll of $57m, the team will still have the full MLE and LLE to spend to take them over the cap. The $3m they were under the cap will simply be counted as part of the MLE that year. |
Markji
Posts: 22753 Alba Posts: -4 Joined: 9/14/2007 Member: #1673 USA |
![]() Knickoftime wrote:martin wrote:Second, "I doubt we come in over the cap in the off-season". Let's use real numbers. Just in case you were not aware: http://hoopshype.com/salaries/new_york.htm. Most likely, the Knicks WILL be over cap. K-O-T Thanks for the clear explanation. The difference between fiction and reality? Fiction has to make sense.
Tom Clancy - author
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