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If we buy Eddy Curry out this year, does he not count against our cap space?
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Knickss208
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1/19/2010  10:44 AM
If we buy Eddy Curry out will that open up the cap space that we need to sign two big free agents or do we still get hit with the luxury tax even though we bought him out?

Im just asking cause it seems pretty clear that Curry will never play as a knick again in his career and we should seize this free agent class opportunity that we have before us.

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orangeblobman
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1/19/2010  10:45 AM
You buy him out, contract is done, he's off your hands. He's dead to me at that point.
WE AIN'T NOWHERE WITH THIS BUM CHOKER IN CARMELO. GIVE ME STARKS'S 2-21 ANY DAY OVER THIS LACKLUSTER CLUSTEREFF.
sebstar
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1/19/2010  10:47 AM
orangeblobman wrote:You buy him out, contract is done, he's off your hands. He's dead to me at that point.

I dont think you're right about that, but there are other capologists around here who can better answer 208...

My saliva and spit can split thread into fiber and bits/ So trust me I'm as live as it gets. --Royce Da 5'9 + DJ Premier = Hip Hop Utopia
kam77
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1/19/2010  10:50 AM
We have to be specific when talking about years. You can buy him out of his contract THIS YEAR. You will still have to pay him for the option he owns next season. You might be able to pay him 1 million less, on the theory that Eddy will make 1 million playing for somebody else (veterans minimum type deal). So that is 1 million less salary we are on the books for next season.

I don't think Eddy will take less money than 90% of what we owe him. So in the end, the cap savings is very small.

lol @ being BANNED by Martin since 11/07/10 (for asking if Mr. Earl had a point). Really, Martin? C'mon. This is the internet. I've seen much worse on this site. By Earl himself. Drop the hypocrisy.
orangeblobman
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1/19/2010  10:50 AM
sebstar wrote:
orangeblobman wrote:You buy him out, contract is done, he's off your hands. He's dead to me at that point.

I dont think you're right about that, but there are other capologists around here who can better answer 208...

Come on, what I gotta do? Let a man live. I can't be perfect. Any emotion, if it is sincere, is involuntary. That's Twain. Boomshakalaka.

WE AIN'T NOWHERE WITH THIS BUM CHOKER IN CARMELO. GIVE ME STARKS'S 2-21 ANY DAY OVER THIS LACKLUSTER CLUSTEREFF.
orangeblobman
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1/19/2010  10:52 AM
kam77 wrote:We have to be specific when talking about years. You can buy him out of his contract THIS YEAR. You will still have to pay him for the option he owns next season. You might be able to pay him 1 million less, on the theory that Eddy will make 1 million playing for somebody else (veterans minimum type deal). So that is 1 million less salary we are on the books for next season.

I don't think Eddy will take less money than 90% of what we owe him. So in the end, the cap savings is very small.

So you buy him out, you gotta pay for his option, still? That's absurd.

What if you wait until option kicks in? Then you buy it out. What then? When does the option kick in?

Answer that, kitty cat!

WE AIN'T NOWHERE WITH THIS BUM CHOKER IN CARMELO. GIVE ME STARKS'S 2-21 ANY DAY OVER THIS LACKLUSTER CLUSTEREFF.
Panos
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1/19/2010  10:53 AM
When did this site become OBM's personal Twitter site?
SteveSmith
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1/19/2010  10:53 AM
He is off our hands, but the contract will continue to count against our cap.

He has an option after this year, which he will use. And thats the 12 million that will count against our 2010 cap. Allowing no 2nd max player signing.

Must be really nice to be the one person, who takes the 12 million of cap space, by executing his option, that very well might be the reason LeBron is not coming here.

orangeblobman
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1/19/2010  10:54 AM
Panos wrote:When did this site become OBM's personal Twitter site?

Duly noted. Thanks for keeping my post frequency in check, by the way. This is the second time.

I'm outta here.

WE AIN'T NOWHERE WITH THIS BUM CHOKER IN CARMELO. GIVE ME STARKS'S 2-21 ANY DAY OVER THIS LACKLUSTER CLUSTEREFF.
Knickss208
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1/19/2010  10:55 AM
kam77 wrote:We have to be specific when talking about years. You can buy him out of his contract THIS YEAR. You will still have to pay him for the option he owns next season. You might be able to pay him 1 million less, on the theory that Eddy will make 1 million playing for somebody else (veterans minimum type deal). So that is 1 million less salary we are on the books for next season.

I don't think Eddy will take less money than 90% of what we owe him. So in the end, the cap savings is very small.


Yea, well then whats the point of buying him out? If you buy out the contract and the numbers still count against the books, then the only thing we are freeing up is a roster spot. That would be foolish to do. At least with Curry, next year he will be a sizable expiring contract with some trade value. If we buy him out, we still are restricted by his money against the cap and we have zero leverage.

Especially with the tight rotation Dantoni carries, it wouldnt make any sense to open that roster spot, gaining little to nothing in return.

kam77
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1/19/2010  10:58 AM
orangeblobman wrote:
kam77 wrote:We have to be specific when talking about years. You can buy him out of his contract THIS YEAR. You will still have to pay him for the option he owns next season. You might be able to pay him 1 million less, on the theory that Eddy will make 1 million playing for somebody else (veterans minimum type deal). So that is 1 million less salary we are on the books for next season.

I don't think Eddy will take less money than 90% of what we owe him. So in the end, the cap savings is very small.

So you buy him out, you gotta pay for his option, still? That's absurd.

What if you wait until option kicks in? Then you buy it out. What then? When does the option kick in?

Answer that, kitty cat!


Of course you have to pay for his option. If you owned an option for 12 mil wouldn't you want to get like almost all of it?

lol @ being BANNED by Martin since 11/07/10 (for asking if Mr. Earl had a point). Really, Martin? C'mon. This is the internet. I've seen much worse on this site. By Earl himself. Drop the hypocrisy.
Knickss208
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1/19/2010  10:58 AM
orangeblobman wrote:
kam77 wrote:We have to be specific when talking about years. You can buy him out of his contract THIS YEAR. You will still have to pay him for the option he owns next season. You might be able to pay him 1 million less, on the theory that Eddy will make 1 million playing for somebody else (veterans minimum type deal). So that is 1 million less salary we are on the books for next season.

I don't think Eddy will take less money than 90% of what we owe him. So in the end, the cap savings is very small.

So you buy him out, you gotta pay for his option, still? That's absurd.

What if you wait until option kicks in? Then you buy it out. What then? When does the option kick in?

Answer that, kitty cat!

It is a foregone conclusion that he will pick up his option. He will never see 12 million dollars in one year ever again in his life. So of course hes gonna take it, ride the pine and complain about how he wants to be released from the team so he can get playing time. What a douche. Hes already complaining about playing time and wants to go somewhere else, but he has the power to do that if he wants to play so bad by not taking the option. Cant stand this guy.

sebstar
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1/19/2010  10:58 AM
the collective bargaining agreement of the late-90s has made it virtually impossible to get out of a bad contract and move forward.
My saliva and spit can split thread into fiber and bits/ So trust me I'm as live as it gets. --Royce Da 5'9 + DJ Premier = Hip Hop Utopia
kam77
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1/19/2010  10:59 AM
Knickss208 wrote:
kam77 wrote:We have to be specific when talking about years. You can buy him out of his contract THIS YEAR. You will still have to pay him for the option he owns next season. You might be able to pay him 1 million less, on the theory that Eddy will make 1 million playing for somebody else (veterans minimum type deal). So that is 1 million less salary we are on the books for next season.

I don't think Eddy will take less money than 90% of what we owe him. So in the end, the cap savings is very small.


Yea, well then whats the point of buying him out?


Not much. Save 1 mil in salary. Save another mil in lux taxes. Open up a roster spot. That's all.

lol @ being BANNED by Martin since 11/07/10 (for asking if Mr. Earl had a point). Really, Martin? C'mon. This is the internet. I've seen much worse on this site. By Earl himself. Drop the hypocrisy.
sebstar
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1/19/2010  11:00 AM
orangeblobman wrote:
sebstar wrote:
orangeblobman wrote:You buy him out, contract is done, he's off your hands. He's dead to me at that point.

I dont think you're right about that, but there are other capologists around here who can better answer 208...

Come on, what I gotta do? Let a man live. I can't be perfect. Any emotion, if it is sincere, is involuntary. That's Twain. Boomshakalaka.

They're right, you post a lot, dun. Are you really Eritrean, tho?

My saliva and spit can split thread into fiber and bits/ So trust me I'm as live as it gets. --Royce Da 5'9 + DJ Premier = Hip Hop Utopia
orangeblobman
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1/19/2010  11:01 AM
kam77 wrote:
orangeblobman wrote:
kam77 wrote:We have to be specific when talking about years. You can buy him out of his contract THIS YEAR. You will still have to pay him for the option he owns next season. You might be able to pay him 1 million less, on the theory that Eddy will make 1 million playing for somebody else (veterans minimum type deal). So that is 1 million less salary we are on the books for next season.

I don't think Eddy will take less money than 90% of what we owe him. So in the end, the cap savings is very small.

So you buy him out, you gotta pay for his option, still? That's absurd.

What if you wait until option kicks in? Then you buy it out. What then? When does the option kick in?

Answer that, kitty cat!


Of course you have to pay for his option. If you owned an option for 12 mil wouldn't you want to get like almost all of it?

Right. What I wasn't clear on is what if you wait until the option kicks in and then buy him out.

But now I realize that even if you buy a guy out in his last year of the contract it counts against your cap. So there is really no way to get Curry off the books in time for 2010 FA period. Other than a trade, of course. Sounds effed.

WE AIN'T NOWHERE WITH THIS BUM CHOKER IN CARMELO. GIVE ME STARKS'S 2-21 ANY DAY OVER THIS LACKLUSTER CLUSTEREFF.
orangeblobman
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1/19/2010  11:04 AM
sebstar wrote:
orangeblobman wrote:
sebstar wrote:
orangeblobman wrote:You buy him out, contract is done, he's off your hands. He's dead to me at that point.

I dont think you're right about that, but there are other capologists around here who can better answer 208...

Come on, what I gotta do? Let a man live. I can't be perfect. Any emotion, if it is sincere, is involuntary. That's Twain. Boomshakalaka.

They're right, you post a lot, dun. Are you really Eritrean, tho?

I know. I went on a posting binge from last night into today. I got stuck, my bad.

No, what I do is I pick a new, unique-sounding country about every week so that I can, at the least, express my desire to get out of this boring situation and keep my hopes alive of one day traveling the world, buying honey and sleeping with exotic ladies.

WE AIN'T NOWHERE WITH THIS BUM CHOKER IN CARMELO. GIVE ME STARKS'S 2-21 ANY DAY OVER THIS LACKLUSTER CLUSTEREFF.
kam77
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1/19/2010  11:07 AM
orangeblobman wrote:
kam77 wrote:
orangeblobman wrote:
kam77 wrote:We have to be specific when talking about years. You can buy him out of his contract THIS YEAR. You will still have to pay him for the option he owns next season. You might be able to pay him 1 million less, on the theory that Eddy will make 1 million playing for somebody else (veterans minimum type deal). So that is 1 million less salary we are on the books for next season.

I don't think Eddy will take less money than 90% of what we owe him. So in the end, the cap savings is very small.

So you buy him out, you gotta pay for his option, still? That's absurd.

What if you wait until option kicks in? Then you buy it out. What then? When does the option kick in?

Answer that, kitty cat!


Of course you have to pay for his option. If you owned an option for 12 mil wouldn't you want to get like almost all of it?

Right. What I wasn't clear on is what if you wait until the option kicks in and then buy him out.

As far as i can tell, it doesn't make a difference. Either way its not much savings.

lol @ being BANNED by Martin since 11/07/10 (for asking if Mr. Earl had a point). Really, Martin? C'mon. This is the internet. I've seen much worse on this site. By Earl himself. Drop the hypocrisy.
Panos
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1/19/2010  11:07 AM
orangeblobman wrote:
sebstar wrote:
orangeblobman wrote:
sebstar wrote:
orangeblobman wrote:You buy him out, contract is done, he's off your hands. He's dead to me at that point.

I dont think you're right about that, but there are other capologists around here who can better answer 208...

Come on, what I gotta do? Let a man live. I can't be perfect. Any emotion, if it is sincere, is involuntary. That's Twain. Boomshakalaka.

They're right, you post a lot, dun. Are you really Eritrean, tho?

I know. I went on a posting binge from last night into today. I got stuck, my bad.

No, what I do is I pick a new, unique-sounding country about every week so that I can, at the least, express my desire to get out of this boring situation and keep my hopes alive of one day traveling the world, buying honey and sleeping with exotic ladies.


http://www.ultimatemanblob.com

Moonangie
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1/19/2010  11:44 AM
It would be wiser for us to keep him and try to trade his expiring next year. Ditto for JJ, although he could actually help us next year. I think both of those deals will be moved before the trade deadline NEXT year. For now we are stuck with them. The savings from a buyout are not worthwhile, especially considering that they are valuable as trading chips next year.
If we buy Eddy Curry out this year, does he not count against our cap space?

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