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Why oh why did the Knicks trade Lin away?
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sidsanders
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3/6/2013  12:49 PM
3G4G wrote:
sidsanders wrote:
Andrew wrote:
SupremeCommander wrote:
NYKBocker wrote:
SupremeCommander wrote:Lin walked... Dolan is a proud man but Lin also pulled a Carlos Boozer. He's going to make more than Rondo in 2014/15. Lin got paid and good for him. But watch Houston have to keep paying him more than Rondo, Lin gets hurt, and become the next Allan Houston.

Dude. 3 years at a little over $8M in cap hit. Nowhere near close to Allan territory. Boozer situation also a little off. Cavs did not have any options. Knicks did.

Talking about his second contract with the Rockets - you know, the one they'll have to pay him starting at $15 million a year, because who goes back to their employer when they reduce their annual salary? In year 3 he is making $15 million a year. Who cares about his avewrage salaray on year three?

Completely wrong here. His salary with the Rockets is 8.3M a year (hoopshype has it wrong) for all 3 years. And of course if Lin doesn't live up to his billing after year 3 he is going to have to take a pay cut.

one of the sad aspects of the new cba... having loop holes still to allow teams to beat the gilbert arenas provision. i wouldnt be shocked if the next cba does more to try and close those.

Dude it doesn't allow for teams to beat it...it essentially comes down to how much you value your own assets. We could have kept Lin and there is nothing the Rockets could have done about it. Even if the Rockets went the Full Poison Pill Max mark which they didn't btw. It's not like we didn't have months to prepare to retain Lin.


I don't get why fans are even trying to spin this angle, if Dolan would have ran things like he did in the past...


In the Ferrari or Jaguar, switchin' four lanes
With the top down screamin' out, 'Money ain't a thang'
Bubble hard in the double R, flashin' the rings
With the window cracked, holler back, money ain't a thang


We wouldn't be eternally havin this Scussin

im not talking specifically about lin in my prior response, just mentioning there are still loopholes.

http://www.cbafaq.com/salarycap.htm#Q44
There are several situations where a team still might be unable to match an offer sheet:

If the player is a Non-Bird free agent, the team only has the Taxpayer Mid-Level exception, and the offer sheet is higher or for more years than allowed by the Taxpayer Mid-Level exception.
If the player is a Non-Bird free agent and the team already used their Non-Taxpayer Mid-Level exception to sign another player.
If the player is a Non-Bird or Early Bird free agent with three years in the league (this rule applies only to players with one or two years in the league).
If a team has two Non-Bird free agents with one or two years in the league. They can use their Non-Taxpayer Mid-Level exception to keep one of them, but would lose the other.


knicks fo seems to have concluded that lin was not going to be worth the tax hit. dunno what the thought process was there to conclude that given he would have expired when most of the long term contracts went. will be and would have been paying a tax it seems unless they start selling off parts.

GO TEAM VENTURE!!!!!
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3G4G
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3/6/2013  1:40 PM    LAST EDITED: 3/6/2013  6:52 PM
sidsanders wrote:
3G4G wrote:
sidsanders wrote:
Andrew wrote:
SupremeCommander wrote:
NYKBocker wrote:
SupremeCommander wrote:Lin walked... Dolan is a proud man but Lin also pulled a Carlos Boozer. He's going to make more than Rondo in 2014/15. Lin got paid and good for him. But watch Houston have to keep paying him more than Rondo, Lin gets hurt, and become the next Allan Houston.

Dude. 3 years at a little over $8M in cap hit. Nowhere near close to Allan territory. Boozer situation also a little off. Cavs did not have any options. Knicks did.

Talking about his second contract with the Rockets - you know, the one they'll have to pay him starting at $15 million a year, because who goes back to their employer when they reduce their annual salary? In year 3 he is making $15 million a year. Who cares about his avewrage salaray on year three?

Completely wrong here. His salary with the Rockets is 8.3M a year (hoopshype has it wrong) for all 3 years. And of course if Lin doesn't live up to his billing after year 3 he is going to have to take a pay cut.

one of the sad aspects of the new cba... having loop holes still to allow teams to beat the gilbert arenas provision. i wouldnt be shocked if the next cba does more to try and close those.

Dude it doesn't allow for teams to beat it...it essentially comes down to how much you value your own assets. We could have kept Lin and there is nothing the Rockets could have done about it. Even if the Rockets went the Full Poison Pill Max mark which they didn't btw. It's not like we didn't have months to prepare to retain Lin.


I don't get why fans are even trying to spin this angle, if Dolan would have ran things like he did in the past...


In the Ferrari or Jaguar, switchin' four lanes
With the top down screamin' out, 'Money ain't a thang'
Bubble hard in the double R, flashin' the rings
With the window cracked, holler back, money ain't a thang


We wouldn't be eternally havin this Scussin

im not talking specifically about lin in my prior response, just mentioning there are still loopholes.

http://www.cbafaq.com/salarycap.htm#Q44
There are several situations where a team still might be unable to match an offer sheet:

If the player is a Non-Bird free agent, the team only has the Taxpayer Mid-Level exception, and the offer sheet is higher or for more years than allowed by the Taxpayer Mid-Level exception.
If the player is a Non-Bird free agent and the team already used their Non-Taxpayer Mid-Level exception to sign another player.
If the player is a Non-Bird or Early Bird free agent with three years in the league (this rule applies only to players with one or two years in the league).
If a team has two Non-Bird free agents with one or two years in the league. They can use their Non-Taxpayer Mid-Level exception to keep one of them, but would lose the other.


knicks fo seems to have concluded that lin was not going to be worth the tax hit. dunno what the thought process was there to conclude that given he would have expired when most of the long term contracts went. will be and would have been paying a tax it seems unless they start selling off parts.

That's popular jargon(LOOPHOLE) for the way the CBA has instituted it's articles of bargaining across teams but nevertheless it didn't prevent us from re-signing Lin, we chose not to sign him of our own volition. The Gilbert Arenas provision was actually put in place so a team's own free agent can be retained easier and not be lost to a big offer. Because back then team's could only offer a 2nd yr player a maximum of MLE, which could easily be beaten by other teams.

And while the Knicks concluded Lin wasn't worth the Tax Hit primarily over jilted feelings, they deemed Camby/Sheed/Felton/Thomas/Novak(latter signings and/or signings that go 3-4yrs) were worth the hit only $8.3mil of Lin's salary would be part of the Tax Hit not $14.8mil. And if fans say..."well Cmaby's deal is only partial and we have no idea what moves we'll make by yr 3(2014/2015)."

Well the same can be said of Lin's 3rd yr which would have been an expiring contract...you know those of which the CBA has deemed potentially beneficial for teams to bargain with<------can we refer to this as a LOOPHOLE?

CrushAlot
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3/6/2013  6:12 PM
Andrew wrote:
SupremeCommander wrote:
NYKBocker wrote:
SupremeCommander wrote:Lin walked... Dolan is a proud man but Lin also pulled a Carlos Boozer. He's going to make more than Rondo in 2014/15. Lin got paid and good for him. But watch Houston have to keep paying him more than Rondo, Lin gets hurt, and become the next Allan Houston.

Dude. 3 years at a little over $8M in cap hit. Nowhere near close to Allan territory. Boozer situation also a little off. Cavs did not have any options. Knicks did.

Talking about his second contract with the Rockets - you know, the one they'll have to pay him starting at $15 million a year, because who goes back to their employer when they reduce their annual salary? In year 3 he is making $15 million a year. Who cares about his avewrage salaray on year three?

Completely wrong here. His salary with the Rockets is 8.3M a year (hoopshype has it wrong) for all 3 years. And of course if Lin doesn't live up to his billing after year 3 he is going to have to take a pay cut.

His contract counts the average amount it comes out to over the three years of the contract because the Rockets are under the cap and the new cba has this in place for under the cap teams. Year three is 15 mil but not for the Rockets because they pay the average. The Knicks would have had to pay him 15 mil in year three. The contract was structured so that Lin's salary ballooned when the penalties for being over the cap became much more restrictive.
I'm tired,I'm tired, I'm so tired right now......Kristaps Porzingis 1/3/18
NYKBocker
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3/6/2013  6:43 PM
CrushAlot wrote:
Andrew wrote:
SupremeCommander wrote:
NYKBocker wrote:
SupremeCommander wrote:Lin walked... Dolan is a proud man but Lin also pulled a Carlos Boozer. He's going to make more than Rondo in 2014/15. Lin got paid and good for him. But watch Houston have to keep paying him more than Rondo, Lin gets hurt, and become the next Allan Houston.

Dude. 3 years at a little over $8M in cap hit. Nowhere near close to Allan territory. Boozer situation also a little off. Cavs did not have any options. Knicks did.

Talking about his second contract with the Rockets - you know, the one they'll have to pay him starting at $15 million a year, because who goes back to their employer when they reduce their annual salary? In year 3 he is making $15 million a year. Who cares about his avewrage salaray on year three?

Completely wrong here. His salary with the Rockets is 8.3M a year (hoopshype has it wrong) for all 3 years. And of course if Lin doesn't live up to his billing after year 3 he is going to have to take a pay cut.

His contract counts the average amount it comes out to over the three years of the contract because the Rockets are under the cap and the new cba has this in place for under the cap teams. Year three is 15 mil but not for the Rockets because they pay the average. The Knicks would have had to pay him 15 mil in year three. The contract was structured so that Lin's salary ballooned when the penalties for being over the cap became much more restrictive.

Not sure if that is correct or not. I know for the Rockets his cap hit is $8.3M per year. Doesn't seem fair that 1 team would have the actual money value as cap hit while the other doesn't. My understanding of the poison pill is against the luxury tax which the Knicks can afford no problem. Also, the Knicks are way over the cap on year 3 that it did not matter how much more you added. This contract would not have affected the Knicks from signing any player cap wise.

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3/6/2013  7:02 PM    LAST EDITED: 3/6/2013  7:07 PM
NYKBocker wrote:
CrushAlot wrote:
Andrew wrote:
SupremeCommander wrote:
NYKBocker wrote:
SupremeCommander wrote:Lin walked... Dolan is a proud man but Lin also pulled a Carlos Boozer. He's going to make more than Rondo in 2014/15. Lin got paid and good for him. But watch Houston have to keep paying him more than Rondo, Lin gets hurt, and become the next Allan Houston.

Dude. 3 years at a little over $8M in cap hit. Nowhere near close to Allan territory. Boozer situation also a little off. Cavs did not have any options. Knicks did.

Talking about his second contract with the Rockets - you know, the one they'll have to pay him starting at $15 million a year, because who goes back to their employer when they reduce their annual salary? In year 3 he is making $15 million a year. Who cares about his avewrage salaray on year three?

Completely wrong here. His salary with the Rockets is 8.3M a year (hoopshype has it wrong) for all 3 years. And of course if Lin doesn't live up to his billing after year 3 he is going to have to take a pay cut.

His contract counts the average amount it comes out to over the three years of the contract because the Rockets are under the cap and the new cba has this in place for under the cap teams. Year three is 15 mil but not for the Rockets because they pay the average. The Knicks would have had to pay him 15 mil in year three. The contract was structured so that Lin's salary ballooned when the penalties for being over the cap became much more restrictive.

Not sure if that is correct or not. I know for the Rockets his cap hit is $8.3M per year. Doesn't seem fair that 1 team would have the actual money value as cap hit while the other doesn't. My understanding of the poison pill is against the luxury tax which the Knicks can afford no problem. Also, the Knicks are way over the cap on year 3 that it did not matter how much more you added. This contract would not have affected the Knicks from signing any player cap wise.

I may not have explained it right or messed something up. Here is the explanation from the NYTimes.
Under N.B.A. rules, the Rockets — as the team making the original offer — are charged a simple average of the salary, $8.4 million per year, for salary-cap purposes. In addition, the Rockets’ payroll is well below the cap at the moment, and will likely remain below the tax threshold, so they are not facing any penalties.

Q.

Linsanity was the most enjoyable period of Knicks basketball in a decade. Why did the Knicks conclude that he should go?

A.

The short answer: money. Lin signed an offer sheet for three years and $25.1 million with the Rockets, which is reasonable on its face. But the third year contains a balloon payment, or “poison pill,” of $14.9 million. Because the Knicks will be over the N.B.A.’s luxury-tax threshold, Lin’s salary would have cost them an additional $35 million or more in penalties paid to the league. As popular as Lin is, and as great as he was in February, it was tough to justify a $50 million bill for a single player, especially one who has started just 25 games.

Q.

How can a single salary create such a large tax hit?

A.

Lin’s salary was not the sole culprit. The Knicks are already projected to be over the tax line in 2014-15, because of the combined salaries of Carmelo Anthony ($24.4 million), Amar’e Stoudemire ($23.4 million) and Tyson Chandler ($14.6 million). Lin’s salary merely increased the bill. Under the N.B.A.’s new luxury tax system, the penalties climb for every $5 million increment over the tax threshold (which is currently $70 million).

http://offthedribble.blogs.nytimes.com/2012/07/17/questions-abound-with-lin-in-the-balance/

I'm tired,I'm tired, I'm so tired right now......Kristaps Porzingis 1/3/18
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3/6/2013  7:17 PM
nixluva wrote:IF THE KNICKS WANTED LIN THEY WOULD'VE LOCKED HIM UP RATHER THAN HAVE HIM ACCEPT OFFERS. The Kid wanted to be here and it was the KNICKS who told him to go get offers. If he was our 1st rd pick would we be telling him to go get offers 1st and then we'd look to match? NO ONE does that with a player they value as key to their future. Clearly the Knicks didn't value him. The Knicks capologists knew the possibility existed for there to be a poison pill contract offer if they let him shop around. So why risk it unnecessarily? In the end the Knicks never made an offer to Lin.

Thank you god!!!!! Someone gets it!!! If the Knicks wanted Lin you best believe he would be here!

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3/6/2013  7:18 PM
IronWillGiroud wrote:
loweyecue wrote:
IronWillGiroud wrote:I can't believe that, for as long as I can remember we are saying "God, give us a point guard"

and God gives us Jeremy Lin,

and we let him walk!!!

wowwwww

Loooong before God gave us Jeremey Lin he had given us Lil' Jimmy Dee.

hahaha

LOL!!!

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3/6/2013  7:30 PM
CrushAlot wrote:
NYKBocker wrote:
CrushAlot wrote:
Andrew wrote:
SupremeCommander wrote:
NYKBocker wrote:
SupremeCommander wrote:Lin walked... Dolan is a proud man but Lin also pulled a Carlos Boozer. He's going to make more than Rondo in 2014/15. Lin got paid and good for him. But watch Houston have to keep paying him more than Rondo, Lin gets hurt, and become the next Allan Houston.

Dude. 3 years at a little over $8M in cap hit. Nowhere near close to Allan territory. Boozer situation also a little off. Cavs did not have any options. Knicks did.

Talking about his second contract with the Rockets - you know, the one they'll have to pay him starting at $15 million a year, because who goes back to their employer when they reduce their annual salary? In year 3 he is making $15 million a year. Who cares about his avewrage salaray on year three?

Completely wrong here. His salary with the Rockets is 8.3M a year (hoopshype has it wrong) for all 3 years. And of course if Lin doesn't live up to his billing after year 3 he is going to have to take a pay cut.

His contract counts the average amount it comes out to over the three years of the contract because the Rockets are under the cap and the new cba has this in place for under the cap teams. Year three is 15 mil but not for the Rockets because they pay the average. The Knicks would have had to pay him 15 mil in year three. The contract was structured so that Lin's salary ballooned when the penalties for being over the cap became much more restrictive.

Not sure if that is correct or not. I know for the Rockets his cap hit is $8.3M per year. Doesn't seem fair that 1 team would have the actual money value as cap hit while the other doesn't. My understanding of the poison pill is against the luxury tax which the Knicks can afford no problem. Also, the Knicks are way over the cap on year 3 that it did not matter how much more you added. This contract would not have affected the Knicks from signing any player cap wise.

I may not have explained it right or messed something up. Here is the explanation from the NYTimes.
Under N.B.A. rules, the Rockets — as the team making the original offer — are charged a simple average of the salary, $8.4 million per year, for salary-cap purposes. In addition, the Rockets’ payroll is well below the cap at the moment, and will likely remain below the tax threshold, so they are not facing any penalties.

Q.

Linsanity was the most enjoyable period of Knicks basketball in a decade. Why did the Knicks conclude that he should go?

A.

The short answer: money. Lin signed an offer sheet for three years and $25.1 million with the Rockets, which is reasonable on its face. But the third year contains a balloon payment, or “poison pill,” of $14.9 million. Because the Knicks will be over the N.B.A.’s luxury-tax threshold, Lin’s salary would have cost them an additional $35 million or more in penalties paid to the league. As popular as Lin is, and as great as he was in February, it was tough to justify a $50 million bill for a single player, especially one who has started just 25 games.

Q.

How can a single salary create such a large tax hit?

A.

Lin’s salary was not the sole culprit. The Knicks are already projected to be over the tax line in 2014-15, because of the combined salaries of Carmelo Anthony ($24.4 million), Amar’e Stoudemire ($23.4 million) and Tyson Chandler ($14.6 million). Lin’s salary merely increased the bill. Under the N.B.A.’s new luxury tax system, the penalties climb for every $5 million increment over the tax threshold (which is currently $70 million).

http://offthedribble.blogs.nytimes.com/2012/07/17/questions-abound-with-lin-in-the-balance/

Since when has Dolan cared about $$$$$??? Lin hurt his feelings so off he goes!

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3/6/2013  7:48 PM    LAST EDITED: 3/6/2013  9:04 PM
CrushAlot wrote:
Andrew wrote:
SupremeCommander wrote:
NYKBocker wrote:
SupremeCommander wrote:Lin walked... Dolan is a proud man but Lin also pulled a Carlos Boozer. He's going to make more than Rondo in 2014/15. Lin got paid and good for him. But watch Houston have to keep paying him more than Rondo, Lin gets hurt, and become the next Allan Houston.

Dude. 3 years at a little over $8M in cap hit. Nowhere near close to Allan territory. Boozer situation also a little off. Cavs did not have any options. Knicks did.

Talking about his second contract with the Rockets - you know, the one they'll have to pay him starting at $15 million a year, because who goes back to their employer when they reduce their annual salary? In year 3 he is making $15 million a year. Who cares about his avewrage salaray on year three?

Completely wrong here. His salary with the Rockets is 8.3M a year (hoopshype has it wrong) for all 3 years. And of course if Lin doesn't live up to his billing after year 3 he is going to have to take a pay cut.

His contract counts the average amount it comes out to over the three years of the contract because the Rockets are under the cap and the new cba has this in place for under the cap teams. Year three is 15 mil but not for the Rockets because they pay the average. The Knicks would have had to pay him 15 mil in year three. The contract was structured so that Lin's salary ballooned when the penalties for being over the cap became much more restrictive.


I was wrong about his Tax hit for us as currently constructed but it wouldn't have to stay that way, you understand that right?


For the team making this offer, this contract would count for $9.0 million (i.e., the average salary in the contract) of team salary in each of the four seasons if they sign the player. If the player's prior team matches the offer and keeps the player, then the actual salary in each season counts as team salary. The player's original team is allowed to use any available exception (e.g., the Non-Taxpayer Mid-Level or the Early Bird) to match the offer.


And how does it really hurt the Knicks since the CBA put in the provision to allow teams to go above the Salary Cap to sign their own free agents? So in all actuality the first 2yrs of cap hits we make out better(theoretically if we weren't above the Tax threshold) than the team that signs the free agent under the cap...


Player's Original Team Re-signs

1st yr $5mil salary
1st yr cap hit $5mil

2nd yr $5mil salary
2nd yr cap hit $5.25mil

3rd yr $14.898mil salary 3rd
3rd yr cap hit $14.898mil

__________________________


Player's New Team Signs

1st yr $5mil salary
1st yr cap hit $8.3mil

2nd yr $5.25mil salary
2nd yr cap hit $8.3mil

3rd yr $14.898mil salary
3rd yr cap hit $8.3mil


I'm sure Houston would love the additional $3mil per season in cap space for the first 2 yrs of Lin's contract if the CBA would allow for it, don't cha think? Now if we added essentially close to the same amount of total salary to other players in the 3rd yr as Lin's $14.898mil what's the difference


Let's do the math....

Felton makes $4.4mil in 2014/2015
Novak makes $3.45mil in 2014/2015
Kidd makes $3.1mil in 2014/2015
Camby makes $1.9mil in 2014/2015


Now pay very close attention here


That's a total of approximately $13mil not much difference between this and $14.898mil. But you may say there is a difference between having Felton/Camby/Novak/Kidd vs just Lin...I'll say I agree but then fire back and say.... there's is a difference of total team salary in the first 2yrs....$5mil and $5.25mil compared to $12-13mil.

Let's not forget the team is also paying Sheed $1.7mil, White $800k Prigoni and Cope $500k and Toney Douglas's salary to the Kings $2.1mil this season... so make that $19mil vs $5mil in yr 1 and $13mil vs $5.25mil in yr 2 in terms of payout from Dolan to Lin vs the Motley Crue of misfits. The only difference Toney's $2.1mil is Tax Free at this time. Matter of fact the salary is so significant it's the difference between us paying near $20mil in taxes as it's dollar for dollar this yr and no taxes at all had we signed Lin and no one else this summer. Unrealistic but take $14mil off our cap number right now and things look totally different.

You realize the reason Lin's poison pill year had as much power because we rushed to sign Novak/Kidd/Prigoni/Camby before signing Lin and gave them all too many yrs? I mean where was Camby going? Oh we were scared of Boston huh? Where was Kidd going oh we were so scared of Dallas? Prigoni really did he need to be signed that soon and wth were we thinking with Novak. Tell him we sign him as soon as Lin gets an offer sheet

Then go back to the beginning of free agency we were trying to sign Nash at 3yrs near $30mil why not 4 if we were to do a sign and trade? Ask yourself how many more players do you think the team would have added to the squad had Nash said yes right off the bat? I know you're not going to say nobody are you? Would we have signed Lin to back up Nash after receiving the offer sheet? Would we have still traded for Camby? Would we have signed Sheed? All doable right?

Also when you look at the Felton/Camby/Novak/Kidd salaries another major reason Lin's poison pill yr has so much power is because they are factors into this team being REPEAT LUX TAX OFFENDERS. Don't get me wrong Melo/Amar'e/Tyson are frontrunners here but the CBA didn't box us in we boxed ourselves in. So we said to ourselves we'll pay the Tax for others even at repeat rates but not for you Lin.

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3/6/2013  7:53 PM
CrushAlot wrote:
NYKBocker wrote:
CrushAlot wrote:
Andrew wrote:
SupremeCommander wrote:
NYKBocker wrote:
SupremeCommander wrote:Lin walked... Dolan is a proud man but Lin also pulled a Carlos Boozer. He's going to make more than Rondo in 2014/15. Lin got paid and good for him. But watch Houston have to keep paying him more than Rondo, Lin gets hurt, and become the next Allan Houston.

Dude. 3 years at a little over $8M in cap hit. Nowhere near close to Allan territory. Boozer situation also a little off. Cavs did not have any options. Knicks did.

Talking about his second contract with the Rockets - you know, the one they'll have to pay him starting at $15 million a year, because who goes back to their employer when they reduce their annual salary? In year 3 he is making $15 million a year. Who cares about his avewrage salaray on year three?

Completely wrong here. His salary with the Rockets is 8.3M a year (hoopshype has it wrong) for all 3 years. And of course if Lin doesn't live up to his billing after year 3 he is going to have to take a pay cut.

His contract counts the average amount it comes out to over the three years of the contract because the Rockets are under the cap and the new cba has this in place for under the cap teams. Year three is 15 mil but not for the Rockets because they pay the average. The Knicks would have had to pay him 15 mil in year three. The contract was structured so that Lin's salary ballooned when the penalties for being over the cap became much more restrictive.

Not sure if that is correct or not. I know for the Rockets his cap hit is $8.3M per year. Doesn't seem fair that 1 team would have the actual money value as cap hit while the other doesn't. My understanding of the poison pill is against the luxury tax which the Knicks can afford no problem. Also, the Knicks are way over the cap on year 3 that it did not matter how much more you added. This contract would not have affected the Knicks from signing any player cap wise.

I may not have explained it right or messed something up. Here is the explanation from the NYTimes.
Under N.B.A. rules, the Rockets — as the team making the original offer — are charged a simple average of the salary, $8.4 million per year, for salary-cap purposes. In addition, the Rockets’ payroll is well below the cap at the moment, and will likely remain below the tax threshold, so they are not facing any penalties.

Q.

Linsanity was the most enjoyable period of Knicks basketball in a decade. Why did the Knicks conclude that he should go?

A.

The short answer: money. Lin signed an offer sheet for three years and $25.1 million with the Rockets, which is reasonable on its face. But the third year contains a balloon payment, or “poison pill,” of $14.9 million. Because the Knicks will be over the N.B.A.’s luxury-tax threshold, Lin’s salary would have cost them an additional $35 million or more in penalties paid to the league. As popular as Lin is, and as great as he was in February, it was tough to justify a $50 million bill for a single player, especially one who has started just 25 games.

Q.

How can a single salary create such a large tax hit?

A.

Lin’s salary was not the sole culprit. The Knicks are already projected to be over the tax line in 2014-15, because of the combined salaries of Carmelo Anthony ($24.4 million), Amar’e Stoudemire ($23.4 million) and Tyson Chandler ($14.6 million). Lin’s salary merely increased the bill. Under the N.B.A.’s new luxury tax system, the penalties climb for every $5 million increment over the tax threshold (which is currently $70 million).

http://offthedribble.blogs.nytimes.com/2012/07/17/questions-abound-with-lin-in-the-balance/

Was about to search for this NY times article. In a nut-shell, Lin would have cost the Knicks 50mil in the last year of his contract. I wanted Lin back as much as anyone, but cant really knock the Knicks for not matching that contract....

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3/6/2013  7:57 PM
3G your post is too long to quote. Prigs makes under $500,000 and I believe his deal is just one year Camby's guaranteed portion of his contract in year 3 is minimal and only was included so a sign and trade could be done. I believe Novak and Kidd are under contract for year three. The issue with lin's contract has nothing to do with the first two years. Year three is why he isn't a knick. Also, in that year as a team over the cap his expiring contract isn't valuable because the new cba makes teams over the cap take back the exact same amount in a trade.
I'm tired,I'm tired, I'm so tired right now......Kristaps Porzingis 1/3/18
3G4G
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3/6/2013  8:21 PM
Uptown wrote:
CrushAlot wrote:
NYKBocker wrote:
CrushAlot wrote:
Andrew wrote:
SupremeCommander wrote:
NYKBocker wrote:
SupremeCommander wrote:Lin walked... Dolan is a proud man but Lin also pulled a Carlos Boozer. He's going to make more than Rondo in 2014/15. Lin got paid and good for him. But watch Houston have to keep paying him more than Rondo, Lin gets hurt, and become the next Allan Houston.

Dude. 3 years at a little over $8M in cap hit. Nowhere near close to Allan territory. Boozer situation also a little off. Cavs did not have any options. Knicks did.

Talking about his second contract with the Rockets - you know, the one they'll have to pay him starting at $15 million a year, because who goes back to their employer when they reduce their annual salary? In year 3 he is making $15 million a year. Who cares about his avewrage salaray on year three?

Completely wrong here. His salary with the Rockets is 8.3M a year (hoopshype has it wrong) for all 3 years. And of course if Lin doesn't live up to his billing after year 3 he is going to have to take a pay cut.

His contract counts the average amount it comes out to over the three years of the contract because the Rockets are under the cap and the new cba has this in place for under the cap teams. Year three is 15 mil but not for the Rockets because they pay the average. The Knicks would have had to pay him 15 mil in year three. The contract was structured so that Lin's salary ballooned when the penalties for being over the cap became much more restrictive.

Not sure if that is correct or not. I know for the Rockets his cap hit is $8.3M per year. Doesn't seem fair that 1 team would have the actual money value as cap hit while the other doesn't. My understanding of the poison pill is against the luxury tax which the Knicks can afford no problem. Also, the Knicks are way over the cap on year 3 that it did not matter how much more you added. This contract would not have affected the Knicks from signing any player cap wise.

I may not have explained it right or messed something up. Here is the explanation from the NYTimes.
Under N.B.A. rules, the Rockets — as the team making the original offer — are charged a simple average of the salary, $8.4 million per year, for salary-cap purposes. In addition, the Rockets’ payroll is well below the cap at the moment, and will likely remain below the tax threshold, so they are not facing any penalties.

Q.

Linsanity was the most enjoyable period of Knicks basketball in a decade. Why did the Knicks conclude that he should go?

A.

The short answer: money. Lin signed an offer sheet for three years and $25.1 million with the Rockets, which is reasonable on its face. But the third year contains a balloon payment, or “poison pill,” of $14.9 million. Because the Knicks will be over the N.B.A.’s luxury-tax threshold, Lin’s salary would have cost them an additional $35 million or more in penalties paid to the league. As popular as Lin is, and as great as he was in February, it was tough to justify a $50 million bill for a single player, especially one who has started just 25 games.

Q.

How can a single salary create such a large tax hit?

A.

Lin’s salary was not the sole culprit. The Knicks are already projected to be over the tax line in 2014-15, because of the combined salaries of Carmelo Anthony ($24.4 million), Amar’e Stoudemire ($23.4 million) and Tyson Chandler ($14.6 million). Lin’s salary merely increased the bill. Under the N.B.A.’s new luxury tax system, the penalties climb for every $5 million increment over the tax threshold (which is currently $70 million).

http://offthedribble.blogs.nytimes.com/2012/07/17/questions-abound-with-lin-in-the-balance/

Was about to search for this NY times article. In a nut-shell, Lin would have cost the Knicks 50mil in the last year of his contract. I wanted Lin back as much as anyone, but cant really knock the Knicks for not matching that contract....

Camby/Felton/Novak/Kidd will cost about the same in Tax Dollars.

3G4G
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3/6/2013  8:48 PM    LAST EDITED: 3/7/2013  12:00 AM
CrushAlot wrote:3G your post is too long to quote. Prigs makes under $500,000 and I believe his deal is just one year Camby's guaranteed portion of his contract in year 3 is minimal and only was included so a sign and trade could be done. I believe Novak and Kidd are under contract for year three. The issue with lin's contract has nothing to do with the first two years. Year three is why he isn't a knick. Also, in that year as a team over the cap his expiring contract isn't valuable because the new cba makes teams over the cap take back the exact same amount in a trade.

I already did the math Crush you can try and tap dance around technicalities all you want. Camby 's 3rd yr is partial guarantee at $1.9mil instead of $4mil...Prigs makes $473,604 you know essentially $500k.

Lin's contract could be valuable in his 3rd year as you're a little off in matched salary. If you are a Tax paying team you must be within 125% Max outgoing salary to incoming....but we can trade salary to a team under the cap and get a TE or for players of lesser salary.

Look no further than the Rudy Gay trade. Both Memphis and Toronto were over the cap but Memphis sent out $16.5mil and took back $10.2mil remember this is a team that you cited as making an ignorant move trading trading Gay because of the CBA and taxes. Well why couldn't do the same with Lin in a expiring yr nonetheless. So we could take back less salary for that NBA season but more long term in nature...

Take for instance we could trade Lin's $15mil contract for a hypothetical extended Devin Harris at $8mil plus a pick from the Hawks...who intend on letting Josh Smith go and appear to have future cap space soon. Very hypothetical but doable in theory.

CrushAlot
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3/6/2013  8:50 PM
3G4G wrote:
Uptown wrote:
CrushAlot wrote:
NYKBocker wrote:
CrushAlot wrote:
Andrew wrote:
SupremeCommander wrote:
NYKBocker wrote:
SupremeCommander wrote:Lin walked... Dolan is a proud man but Lin also pulled a Carlos Boozer. He's going to make more than Rondo in 2014/15. Lin got paid and good for him. But watch Houston have to keep paying him more than Rondo, Lin gets hurt, and become the next Allan Houston.

Dude. 3 years at a little over $8M in cap hit. Nowhere near close to Allan territory. Boozer situation also a little off. Cavs did not have any options. Knicks did.

Talking about his second contract with the Rockets - you know, the one they'll have to pay him starting at $15 million a year, because who goes back to their employer when they reduce their annual salary? In year 3 he is making $15 million a year. Who cares about his avewrage salaray on year three?

Completely wrong here. His salary with the Rockets is 8.3M a year (hoopshype has it wrong) for all 3 years. And of course if Lin doesn't live up to his billing after year 3 he is going to have to take a pay cut.

His contract counts the average amount it comes out to over the three years of the contract because the Rockets are under the cap and the new cba has this in place for under the cap teams. Year three is 15 mil but not for the Rockets because they pay the average. The Knicks would have had to pay him 15 mil in year three. The contract was structured so that Lin's salary ballooned when the penalties for being over the cap became much more restrictive.

Not sure if that is correct or not. I know for the Rockets his cap hit is $8.3M per year. Doesn't seem fair that 1 team would have the actual money value as cap hit while the other doesn't. My understanding of the poison pill is against the luxury tax which the Knicks can afford no problem. Also, the Knicks are way over the cap on year 3 that it did not matter how much more you added. This contract would not have affected the Knicks from signing any player cap wise.

I may not have explained it right or messed something up. Here is the explanation from the NYTimes.
Under N.B.A. rules, the Rockets — as the team making the original offer — are charged a simple average of the salary, $8.4 million per year, for salary-cap purposes. In addition, the Rockets’ payroll is well below the cap at the moment, and will likely remain below the tax threshold, so they are not facing any penalties.

Q.

Linsanity was the most enjoyable period of Knicks basketball in a decade. Why did the Knicks conclude that he should go?

A.

The short answer: money. Lin signed an offer sheet for three years and $25.1 million with the Rockets, which is reasonable on its face. But the third year contains a balloon payment, or “poison pill,” of $14.9 million. Because the Knicks will be over the N.B.A.’s luxury-tax threshold, Lin’s salary would have cost them an additional $35 million or more in penalties paid to the league. As popular as Lin is, and as great as he was in February, it was tough to justify a $50 million bill for a single player, especially one who has started just 25 games.

Q.

How can a single salary create such a large tax hit?

A.

Lin’s salary was not the sole culprit. The Knicks are already projected to be over the tax line in 2014-15, because of the combined salaries of Carmelo Anthony ($24.4 million), Amar’e Stoudemire ($23.4 million) and Tyson Chandler ($14.6 million). Lin’s salary merely increased the bill. Under the N.B.A.’s new luxury tax system, the penalties climb for every $5 million increment over the tax threshold (which is currently $70 million).

http://offthedribble.blogs.nytimes.com/2012/07/17/questions-abound-with-lin-in-the-balance/

Was about to search for this NY times article. In a nut-shell, Lin would have cost the Knicks 50mil in the last year of his contract. I wanted Lin back as much as anyone, but cant really knock the Knicks for not matching that contract....

Camby/Felton/Novak/Kidd will cost about the same in Tax Dollars.

Camby will be off the cap in year three. He has a minimum cap hold. Knicks would have signed Kidd and Novak along with Lin at the original contract offer from the Rockets. Felton was signed because the Knicks didn't want to take on the Poison pill year 3.
I'm tired,I'm tired, I'm so tired right now......Kristaps Porzingis 1/3/18
EwingsGlass
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3/6/2013  11:34 PM
Vmart wrote:
Swishfm3 wrote:Let it go already

I agree with you. People need to let it go. This is the Knicks they will always leave your head scratching because they do everything half ***ed. Best scenario would have been keeping Lin and hiring Phil Jackson. It's to be expected of the Knicks, they have been fooling the fan base for years now. It's like Ewing never getting that second superstar in his prime.

With the Heat playing the way they are it's like the 90's all over again good team but just not enough to put them over the top because the organization making dumb decisions that back fire.

Man, we should have signed Lebron instead of Amare...

You know I gonna spin wit it
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3/6/2013  11:47 PM
3G4G wrote:
CrushAlot wrote:3G your post is too long to quote. Prigs makes under $500,000 and I believe his deal is just one year Camby's guaranteed portion of his contract in year 3 is minimal and only was included so a sign and trade could be done. I believe Novak and Kidd are under contract for year three. The issue with lin's contract has nothing to do with the first two years. Year three is why he isn't a knick. Also, in that year as a team over the cap his expiring contract isn't valuable because the new cba makes teams over the cap take back the exact same amount in a trade.

I already did the math Crush you can try and tap dance around technicalities all you want. Camby 's 3rd yr is partial guarantee at $1.9mil instead of $4mil...Prigs makes $473,604 you know essentially $500k.

Lin's contract could be valuable in his 3rd year as you're a little off in matched salary. If you are a Tax paying team you must be within 125% Max outgoing salary to incoming....but we can trade salary to a team under the cap and get a TE or for players of lesser salary.

Look no further than the Rudy Gay trade. Both Memphis and Toronto were over the cap but Memphis sent out $16.5mil and took back $10.2mil remember this is a team that you cited as making an ignorant move trading trading Gay because of the CBA and taxes. Well why couldn't do the same with Lin in a contract yr nonetheless. So we could take back less salary for that NBA season but more long term in nature...

Take for instance we could trade Lin's $15mil contract for a hypothetical extended Devin Harris at $8mil plus a pick from the Hawks...who intend on letting Josh Smith go and appear to have future cap space soon. Very hypothetical but doable in theory.

I think there was a market for gay. Knicks needed to decide if Lin was worth possibly paying 50 mil for yr 3 based on 25 games. Also the cba becomes much more restrictive and punitive in yr 3. Not sure why prigs comes up in your math. It is impossible to sign a player to one year deal for less than prigs. He makes the rookie free agent minimum a player would have that slot.

I'm tired,I'm tired, I'm so tired right now......Kristaps Porzingis 1/3/18
3G4G
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3/7/2013  12:08 AM    LAST EDITED: 3/7/2013  1:18 AM
CrushAlot wrote:
3G4G wrote:
CrushAlot wrote:3G your post is too long to quote. Prigs makes under $500,000 and I believe his deal is just one year Camby's guaranteed portion of his contract in year 3 is minimal and only was included so a sign and trade could be done. I believe Novak and Kidd are under contract for year three. The issue with lin's contract has nothing to do with the first two years. Year three is why he isn't a knick. Also, in that year as a team over the cap his expiring contract isn't valuable because the new cba makes teams over the cap take back the exact same amount in a trade.

I already did the math Crush you can try and tap dance around technicalities all you want. Camby 's 3rd yr is partial guarantee at $1.9mil instead of $4mil...Prigs makes $473,604 you know essentially $500k.

Lin's contract could be valuable in his 3rd year as you're a little off in matched salary. If you are a Tax paying team you must be within 125% Max outgoing salary to incoming....but we can trade salary to a team under the cap and get a TE or for players of lesser salary.

Look no further than the Rudy Gay trade. Both Memphis and Toronto were over the cap but Memphis sent out $16.5mil and took back $10.2mil remember this is a team that you cited as making an ignorant move trading trading Gay because of the CBA and taxes. Well why couldn't do the same with Lin in a contract yr nonetheless. So we could take back less salary for that NBA season but more long term in nature...

Take for instance we could trade Lin's $15mil contract for a hypothetical extended Devin Harris at $8mil plus a pick from the Hawks...who intend on letting Josh Smith go and appear to have future cap space soon. Very hypothetical but doable in theory.

I think there was a market for gay. Knicks needed to decide if Lin was worth possibly paying 50 mil for yr 3 based on 25 games. Also the cba becomes much more restrictive and punitive in yr 3. Not sure why prigs comes up in your math. It is impossible to sign a player to one year deal for less than prigs. He makes the rookie free agent minimum a player would have that slot.

I added all salary of players signed instead of Lin and compared to a single signing of Lin, that's why Prigs salary was included along with Cope's, White's etc etc.

Bottomline eliminate salary over 1yr and a half before the Poison Pill yr or better yet get below the thresh hold the yr prior to where we're not a Repeat Offender... then go over the thresh hold the Poison Pill yr.

Trade Tyson or Amar'e

CashMoney
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3/7/2013  1:04 AM
3G4G wrote:
CrushAlot wrote:
3G4G wrote:
CrushAlot wrote:3G your post is too long to quote. Prigs makes under $500,000 and I believe his deal is just one year Camby's guaranteed portion of his contract in year 3 is minimal and only was included so a sign and trade could be done. I believe Novak and Kidd are under contract for year three. The issue with lin's contract has nothing to do with the first two years. Year three is why he isn't a knick. Also, in that year as a team over the cap his expiring contract isn't valuable because the new cba makes teams over the cap take back the exact same amount in a trade.

I already did the math Crush you can try and tap dance around technicalities all you want. Camby 's 3rd yr is partial guarantee at $1.9mil instead of $4mil...Prigs makes $473,604 you know essentially $500k.

Lin's contract could be valuable in his 3rd year as you're a little off in matched salary. If you are a Tax paying team you must be within 125% Max outgoing salary to incoming....but we can trade salary to a team under the cap and get a TE or for players of lesser salary.

Look no further than the Rudy Gay trade. Both Memphis and Toronto were over the cap but Memphis sent out $16.5mil and took back $10.2mil remember this is a team that you cited as making an ignorant move trading trading Gay because of the CBA and taxes. Well why couldn't do the same with Lin in a contract yr nonetheless. So we could take back less salary for that NBA season but more long term in nature...

Take for instance we could trade Lin's $15mil contract for a hypothetical extended Devin Harris at $8mil plus a pick from the Hawks...who intend on letting Josh Smith go and appear to have future cap space soon. Very hypothetical but doable in theory.

I think there was a market for gay. Knicks needed to decide if Lin was worth possibly paying 50 mil for yr 3 based on 25 games. Also the cba becomes much more restrictive and punitive in yr 3. Not sure why prigs comes up in your math. It is impossible to sign a player to one year deal for less than prigs. He makes the rookie free agent minimum a player would have that slot.

I added all salary of players signed instead of Lin and compared to a single signing of Lin, that's why Prigs salary was included along with Cope's, White's etc etc.

Bottomline eliminate salary over 1yr and a half before the Poison Pill yr or better yet get below the thresh hold the yr prior to we're not a Repeat Offender... then go over the thresh hold the Poison Pill yr.

Trade Tyson or Amar'e

For PHUKIN JEREMY LIN?

Blue & Orange 4 Life!
Why oh why did the Knicks trade Lin away?

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