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Why Don't We just Buyout Curry?
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TheGame
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2/7/2009  12:31 PM
Curry has player options for the next two years at $10 mill, and $11 mill. Why don't we just buy him out for say $15 million now. Curry needs cash and this would give him a boatload of money right now. It saves us $3 million off the 2010 salary cap, which would go a long way to allowing us to sign two max players. The fact is Curry is unlikely to play again. The dude is an emotional wreck and cannot stay in shape. IF he could not get to playing weight last summer, how is he going to get into playing shape after dealing with all the issues he has had this past year. I anticipate that it is going to be 2-3 years before Curry pulls his life together, if ever. We should just cut our loses and move on. No team is trading for him and we can probably get a better buyout now rather than waiting until next year.
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4949
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2/7/2009  12:33 PM
Why not wait until the end of next year, that way we owe less, for letting him go. As long as we keep him, we still have a possible trade option on hand. I know he's worthless as a player, but we lose that option if we just let him go. And then there's Marbury situation also. We just can't keep doing this. We should wait. Besides, it's not going to make us any better at this time.
I'll never trust this' team again.
Allanfan20
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2/7/2009  12:35 PM
Curry will only accept a full buyout, and if that happens, then NO money comes off the salary cap, so the only thing you're doing is freeing up a roster space and waste all of that money. At this point, buying out Curry is pointless for the team. Might as well pray to dear God that he'll come back healthy and increase his value or pray he's stupid enough to think that if he opts out, he'll get a bigger contract. It's not gonna happen, but that's more worth than buying him out.
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4949
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2/7/2009  12:36 PM
Also buying him out after next' year makes him a 'in his last year' contract player. I think it would be easier to trade him by that time.
I'll never trust this' team again.
JohnWallace44
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2/7/2009  12:38 PM
He'd be public enemy number one in NYC if he picked up his '10/'11 option, couldn't play, and kept us from getting LeBron.
Alan Hahn: Nate Robinson has been on a ridonkulous scoring tear lately (remember when he couldn't hit Jerome James with a Big Mac in early January?)
martin
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2/7/2009  12:40 PM
Posted by TheGame:

Curry has player options for the next two years at $10 mill, and $11 mill. Why don't we just buy him out for say $15 million now. Curry needs cash and this would give him a boatload of money right now. It saves us $3 million off the 2010 salary cap, which would go a long way to allowing us to sign two max players. The fact is Curry is unlikely to play again. The dude is an emotional wreck and cannot stay in shape. IF he could not get to playing weight last summer, how is he going to get into playing shape after dealing with all the issues he has had this past year. I anticipate that it is going to be 2-3 years before Curry pulls his life together, if ever. We should just cut our loses and move on. No team is trading for him and we can probably get a better buyout now rather than waiting until next year.

if Curry is so low on cash, why the f would he accept $15 now instead of $21 over 2 years? $6M discount? You can get better rates if you go down to the bank and ask for a loan.
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markvmc
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2/7/2009  12:41 PM
Would you loan Eddy Curry money right now?
jaydh
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2/7/2009  12:54 PM
Posted by markvmc:

Would you loan Eddy Curry money right now?


the knicks kinda did. actually they gave him an advance. i would not have done that though. It would have been take the buyout, or you can wait to get your money while suffering through hard times.
TheGame
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2/7/2009  12:58 PM
Posted by martin:
Posted by TheGame:

Curry has player options for the next two years at $10 mill, and $11 mill. Why don't we just buy him out for say $15 million now. Curry needs cash and this would give him a boatload of money right now. It saves us $3 million off the 2010 salary cap, which would go a long way to allowing us to sign two max players. The fact is Curry is unlikely to play again. The dude is an emotional wreck and cannot stay in shape. IF he could not get to playing weight last summer, how is he going to get into playing shape after dealing with all the issues he has had this past year. I anticipate that it is going to be 2-3 years before Curry pulls his life together, if ever. We should just cut our loses and move on. No team is trading for him and we can probably get a better buyout now rather than waiting until next year.

if Curry is so low on cash, why the f would he accept $15 now instead of $21 over 2 years? $6M discount? You can get better rates if you go down to the bank and ask for a loan.

Well, the incentive for him is that if he can pull himself together, he can join a team next year and make some of the money back. If he played next year and played decent, he could make more money in the long run with a new contract. But under my scenario, Curry takes the risk that he will play again and not the Knicks. If he remains on the team and does not play next season and plays poorly, then we are going to be stuck with him. Getting $15 million right now as opposed to waiting until 2011 for you last payment is a big incentive, especially if you think you can play again. You ask why he would accept it but people do that all the time. If you are low on cash and the Knicks said we will give you $15 million now or you can wait for two years to get $21 million, you would have to consider that because as it stands, you have to wait until next year to get your next $10 million. IF you think that you can play next season, then you get $15 million now and can make up the $6 million with another team.

The bottomline is, if Curry can pull himself together, which I assume he thinks he can, he actually could make more money taking a $15 million buyout (or at least would not lose the full $6 million and would have the added benefit of not having to wait to get his money becaue he would get $15 mill immediately).

[Edited by - thegame on 07-02-2009 13:04]

[Edited by - thegame on 07-02-2009 13:06]
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TheGame
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2/7/2009  12:59 PM
Posted by Allanfan20:

Curry will only accept a full buyout, and if that happens, then NO money comes off the salary cap, so the only thing you're doing is freeing up a roster space and waste all of that money. At this point, buying out Curry is pointless for the team. Might as well pray to dear God that he'll come back healthy and increase his value or pray he's stupid enough to think that if he opts out, he'll get a bigger contract. It's not gonna happen, but that's more worth than buying him out.

I think my argument was clearly based on Curry taking less money. If he will not do that, then we don't buy him out.

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JohnWallace44
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2/7/2009  1:09 PM
wait a minute... if he has player options for the next two years...

Can't we tear up the contract and sign him to a one year deal and double his salary?

That would be friggin' amazing. We could keep Lee and Nate in that case.
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SupremeCommander
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2/7/2009  2:03 PM
Posted by martin:
Posted by TheGame:

Curry has player options for the next two years at $10 mill, and $11 mill. Why don't we just buy him out for say $15 million now. Curry needs cash and this would give him a boatload of money right now. It saves us $3 million off the 2010 salary cap, which would go a long way to allowing us to sign two max players. The fact is Curry is unlikely to play again. The dude is an emotional wreck and cannot stay in shape. IF he could not get to playing weight last summer, how is he going to get into playing shape after dealing with all the issues he has had this past year. I anticipate that it is going to be 2-3 years before Curry pulls his life together, if ever. We should just cut our loses and move on. No team is trading for him and we can probably get a better buyout now rather than waiting until next year.

if Curry is so low on cash, why the f would he accept $15 now instead of $21 over 2 years? $6M discount? You can get better rates if you go down to the bank and ask for a loan.

Because maybe he needs cash immediately. Sure, he'd get more money over the length of his contract, but if the Knicks gave paid him up front, there could be value there for Curry... purely speculative, but maybe. BAd stuff has been happening to the dude
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TheGame
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2/7/2009  2:18 PM
Posted by 4949:

Why not wait until the end of next year, that way we owe less, for letting him go. As long as we keep him, we still have a possible trade option on hand. I know he's worthless as a player, but we lose that option if we just let him go. And then there's Marbury situation also. We just can't keep doing this. We should wait. Besides, it's not going to make us any better at this time.

Because if you wait until next year, he is not going to take as substantial a cut in salary for the buyout. The benefit of buying him out now is that we might save more off the cap in 2010. He is not going to take a $3 million cut at the end of next season but he might take one now if he gets his money 2 years earlier.
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Vmart
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2/7/2009  3:10 PM
The Knick should make sure he takes his player opt out. They should give him the 8 million that he has asked for in advance and pay his next years salary as a Knick next season in return that he doesn't pick up his player option after next year. The 8 million doesn't need to be returned in return for the opt out. Curry is $8 million richer and he moves on to another club who will probably give him the exception. Its a win win for everyone.
4949
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2/7/2009  5:19 PM
Posted by JohnWallace44:

wait a minute... if he has player options for the next two years...

Can't we tear up the contract and sign him to a one year deal and double his salary?

That would be friggin' amazing. We could keep Lee and Nate in that case.

This is the tragedy of isiah giving these players so many options vs. Donnie making it team options. Notice the deep contrast in the way Donnie does deals as opposed to the way isiah did.

People can make the argument that isiah made some good pick ups after all in the drafts, but he also screwed us on the options game.
I'll never trust this' team again.
BasketballJones
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2/7/2009  5:20 PM
Posted by 4949:
Posted by JohnWallace44:

wait a minute... if he has player options for the next two years...

Can't we tear up the contract and sign him to a one year deal and double his salary?

That would be friggin' amazing. We could keep Lee and Nate in that case.

This is the tragedy of isiah giving these players so many options vs. Donnie making it team options. Notice the deep contrast in the way Donnie does deals as opposed to the way isiah did.

People can make the argument that isiah made some good pick ups after all in the drafts, but he also screwed us on the options game.

Walsh is messing up everything Isiah did to rebuild this team.
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4949
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2/7/2009  5:24 PM
If the Knicks can't trade him during sometime next season, then use the last option of buying him out so we can open that cap up. It's the best way of going about it. Also in the mean time, we'll still have a chance of getting back on the floor, contributing something to at least make him somewhat tradable. They should try it first, before they do something like just buying dude out.

And the great thing is 'Curry will be the last bad contract we'll ever have'. We will be free again to do right with the money from now on and always have a chance to improve this team with top of the line talent.

[Edited by - 4949 on 02-07-2009 5:26 PM]
I'll never trust this' team again.
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