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Lets clear this up! Allan Houston Salary Cap Implications
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Andrew
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10/17/2005  4:50 PM
As I posted in the annoucement thread...

Don't know if this is up to date but it doesn't look good for getting an exception.

http://members.cox.net/lmcoon/salarycap.htm#51


Any money paid to a player is included in team salary, even if the player has retired. For example, James Worthy retired in 1994, two years before his contract ended. He continued to receive his salary for the 94-95 and 95-96 seasons, so his salary was included in the Lakers' team salary in those seasons. It is at the team's discretion (or as the result of an agreement between the team and player) whether to continue to pay the player after he has retired.

There is one exception whereby a player can continue to receive his salary, but the salary is not included in the team's team salary. This is when a player is forced to retire for medical reasons and a league-appointed physician confirms that he is medically unfit to continue playing. There is a waiting period of two years (if the injury or illness occurred between January 1 and July 1) or until the second July 1 following the injury or illness (if it occurred between July 1 and January 1) before a team can apply for this salary cap relief. If the waiting period expires mid-season (on any date prior to the last day of the regular season), then his entire salary for that season is removed from the team's team salary. For example, Luc Longley suffered a career-ending injury in March 2001. In March 2003, the Knicks were allowed to remove his entire 02-03 salary from their books (and since the luxury tax is based on the team salary as of the last day of the regular season, the Knicks avoid paying any tax on Longley's salary). There is also some luxury tax relief associated with disabled players -- see question number 15 .

If a player retires, even for medical reasons, his team does not receive a salary cap exception to acquire a replacement player.


If anyone has any other creditable info, please post it.
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gunsnewing
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10/17/2005  4:58 PM
yeah i think you only get it when a player gets injury. hence the reason its called an injury exception which we got when Dice went down
Killa4luv
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10/17/2005  11:19 PM
Well the cap relief is plenty to be happy about. It ended up being so much better than waiving him, because we waived JYD too!!!!
gunsnewing
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10/17/2005  11:59 PM
Posted by Killa4luv:

Well the cap relief is plenty to be happy about. It ended up being so much better than waiving him, because we waived JYD too!!!!


but we don't get cap relief. we didn't when LJ & Longley retired. only after their contracts came off the books which means after 2007
anklebraker
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10/18/2005  12:38 AM
yea but we have a new cba
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Rich
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10/18/2005  12:41 AM
http://www.nytimes.com/2005/10/18/sports/basketball/18notebook.html
HARDCOREKNICKSFAN
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10/18/2005  12:42 AM
You're right. I checked that site a couple of months ago too and it wasn't updated. So much for site upkeep.

Anyone know where the current CBA is posted?
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curry32
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10/18/2005  2:16 AM
i still wish isiah waived mo
NewYorkSoul
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10/18/2005  2:19 AM
I'm pretty sure that link in the original post is the most up to date version of Larry Coon's CBA info. As for the actual CBA itself, I don't think that is posted anywhere
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Bonn1997
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10/18/2005  6:05 AM
Posted by curry32:

i still wish isiah waived mo
What happpened first: Waiving JYD or hiring Larry Brown? I can't remember but I suspect that Brown would have tried to convince Isiah to keep JYD even if he was injured and waive Mo.


fishmike
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10/18/2005  8:23 AM
he couldnt waive Mo. He took on an extra year in $$ to get him AND he traded a pick as well. Mo T is going to ride pine all year but waiving him is admitting a huge mistake. Its not happening
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CTKnicksfan
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10/18/2005  8:31 AM
Posted by NewYorkSoul:

I'm pretty sure that link in the original post is the most up to date version of Larry Coon's CBA info. As for the actual CBA itself, I don't think that is posted anywhere

The actual CBA is posted on the NBAPA website:

http://www.nbpa.com/cba_articles.php

I'm pretty sure it's the current one, because the salary cap section (Article VII) covers the "Allan Houston Rule" one time exception. It's a pretty tough read though (unless you're a lawyer) The site actually has a link to the FAQ site posted by Andrew.

WOODMANnYk
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10/18/2005  11:16 PM
ALlan's contract comes off JAn 19th 2006 which was the last day he played.
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Lets clear this up! Allan Houston Salary Cap Implications

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