Posted by bitty41:
I admit im not a salary capologist lol. But I've said this to TMS and a few other times couldn't the Knicks very well still be under the cap theoretically come the 2010 season which is roughly the same time period it would have been had the Knicks kept Francis? As long as you don't do anything crazy between now and then, with a good draft pick (who'll be making less then 3 million) they could be in a pretty good situation in terms of cap. Or am I not seeing something.
That's not really accurate. If you look at the Knicks current picture, you're probably looking at 2011 before we have a reasonable shot. Here's the breakdown:
$28.25 million in guaranteed contracts between two players (Zach and Craw)
$18 million in player options that WILL be exercised between two players (Curry and Jeffries)
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$46.25 million for four players already
$2.9 million for Balkman - team option -- would you let Balkman go?
$2.1 million team option on Chandler -- would you drop him?
$2.7 million qualifying offer for Collins
Nate Robinson and David Lee will be free agents in the 2010 offseason. The combination will likely command a fair sum. Resign all the kids and we're likely looking to be somewhere in the $65 million range and that's before we get to the reserves.
Ultimately, with our current scenario, the best you could do would be to let all the kids go free and sign 11 minimum contract players, which would still be $7-$9 million, and ultimately not leave us with enough room to sign anyone major with the remaining cap room.
The difference here is if you let Zach go, you shave $17.33 million off the cap figure, which gives us the room to sign a big free agent such as LeBron James. When people talk about the cap figure, it's the fact that the Zach trade was a 1-2 year setback in terms of cap room and will ultimately cost us another shot at LeBron James in 2010. LeBron can opt out of his contract, but the Knicks won't have a shot.
Wishing everyone well. I enjoyed posting here for a while, but as I matured I realized this forum isn't for me. We all evolve. Thanks for the memories everyone.