Is that 26 mill enough for 2 max free agents? if not how much more cash do we need to clear to have 2 max slots?

Once we use our cap space on 2 free agents are we entitled to offer the mid-level exception still?

Knicks could have potentially 4 all star caliber players plus a decent role player if we have a good off season...

exciting times!

Note: My dream outcome would be signing Rondo & Aldridge and drafting Towns and then signing a role player like Aminu.

Rondo/calderon/melo/LMA/Towns bench: Aminu/THJ/Galloway/Admundson/Early/Vet/Vet/Vet

neptunez24 wrote:I've read in many articles that the knicks have $26 mill in cap space this summer..

Is that 26 mill enough for 2 max free agents? if not how much more cash do we need to clear to have 2 max slots?

Once we use our cap space on 2 free agents are we entitled to offer the mid-level exception still?

Knicks could have potentially 4 all star caliber players plus a decent role player if we have a good off season...

exciting times!

Note: My dream outcome would be signing Rondo & Aldridge and drafting Towns and then signing a role player like Aminu.

Rondo/calderon/melo/LMA/Towns bench: Aminu/THJ/Galloway/Admundson/Early/Vet/Vet/Vet

If we cut Calderon and stretch his contract--that gives us around 30 depending on the pick.

or are we only limited to minimum contracts the rest of the season?

stopstandthere wrote:This thread goes smooth until I read signing Rondo, which I have reservation on that. He is not young anymore plus he has huge ego and mental issue.

BRIGGS wrote:

TripleThreat wrote:

neptunez24 wrote:Is that 26 mill enough for 2 max free agents? if not how much more cash do we need to clear to have 2 max slots?

Once we use our cap space on 2 free agents are we entitled to offer the mid-level exception still?

Players have both minimum and maximum salaries, and both are based on how long the player has been in the league. The minimum salaries scale upward each season starting in 2013-14. Here are the minimum salaries:
Years in NBA1 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
0 $473,604 $473,604 $490,180 $507,336 $525,093 $543,471 $562,493 $582,180 $602,557 $623,646
1 $762,195 $762,195 $788,872 $816,482 $845,059 $874,636 $905,249 $936,932 $969,725 $1,003,665
2 $854,389 $854,389 $884,293 $915,243 $947,276 $980,431 $1,014,746 $1,050,262 $1,087,021 $1,125,067
3 $885,120 $885,120 $916,099 $948,163 $981,348 $1,015,696 $1,051,245 $1,088,038 $1,126,120 $1,165,534
4 $915,852 $915,852 $947,907 $981,084 $1,015,421 $1,050,961 $1,087,745 $1,125,816 $1,165,220 $1,206,002
5 $992,680 $992,680 $1,027,424 $1,063,384 $1,100,602 $1,139,123 $1,178,992 $1,220,257 $1,262,966 $1,307,170
6 $1,069,509 $1,069,509 $1,106,942 $1,145,685 $1,185,784 $1,227,286 $1,270,241 $1,314,700 $1,360,714 $1,408,339
7 $1,146,337 $1,146,337 $1,186,459 $1,227,985 $1,270,964 $1,315,448 $1,361,489 $1,409,141 $1,458,461 $1,509,507
8 $1,223,166 $1,223,166 $1,265,977 $1,310,286 $1,356,146 $1,403,611 $1,452,738 $1,503,583 $1,556,209 $1,610,676
9 $1,229,255 $1,229,255 $1,272,279 $1,316,809 $1,362,897 $1,410,598 $1,459,969 $1,511,068 $1,563,956 $1,618,694
10+ $1,352,181 $1,352,181 $1,399,507 $1,448,490 $1,499,187 $1,551,659 $1,605,967 $1,662,176 $1,720,352 $1,780,564

Here are the league-wide maximum salaries. Note that there are exceptions to the maximum salary (see question number 17).
Years in NBA1 Defined maximum salary 2011-12 2012-13 2013-14 2014-15
0 - 6 25% of cap2 $12,922,194 $13,668,750 $13,701,250 $14,746,000
7 - 9 30% of cap2 $15,506,632 $16,402,500 $16,441,500 $17,695,200
10+ 35% of cap2 $18,091,071 $19,136,250 $19,181,750 $20,644,400

A free agent's maximum salary in the first year of a new contract is never less than 105% of his salary in the last year of his previous contract. For example, a ten-year veteran free agent who most recently earned $20 million has a maximum salary of at least $21 million, even if that is above the league-wide maximum. A free agent does not need to remain with the same team in order to receive 105% of his previous salary, although the team that signs him is subject to the same salary cap restrictions as with any other free agent.

A first round draft pick who completed all four years of his rookie scale contract, or a second round draft pick or an undrafted player who has four years of service, is eligible to receive a higher maximum salary if he meets certain criteria (called the "5th Year 30% Max criteria" -- see question number 17).

Named to the All-NBA First, Second or Third team at least twice
Voted as a starter in the All-Star game at least twice
Named the NBA Most Valuable Player at least once

Players may receive salary advances, loans, and deferred compensation (see question number 113 for more information).

When a player has been in the NBA for three or more seasons, and is playing under a one-year, 10-day or rest-of-season contract at the minimum salary, the league reimburses the team for part of his salary -- any amount above the minimum salary level for a two-year veteran3. For example, in 2011-12 the minimum salary for a two-year veteran is $854,389, so for a ten-year veteran, with a minimum salary of $1,352,181, the league would reimburse the team $497,792. Only the two-year minimum salary is included in the team salary, not the player's full salary. They do this so teams won't shy away from signing older veterans simply because they are more expensive than younger veterans.

First round draft picks have a more restrictive salary scale, based on their draft position (see question number 49 for more information).
1 A player is credited with a year of service for each season in which he is on a team's active list or inactive list for at least one day during the regular season.
2 They use a different cap calculation to determine the maximum salaries, which is based on 42.14% of projected BRI rather than 44.74%. In 2005 the sides negotiated a different formula for setting the salary cap but not maximum salaries, so the two became decoupled, and this continued in the 2011 agreement. For this reason the maximum salaries are not actually 25%, 30% or 35% of the cap, and instead are a slightly lower amount. For example, even though the salary cap for 2011-12 is $58.044 million and 25% of this amount is $14.511 million, the 0-6 year maximum salary is actually $12,922,194. In addition, for 2012-13 a 5.8% increase in maximum salaries was agreed to, even though the salary cap stayed the same as 2011-12.
3 The team is reimbursed even if the player is waived during the season, as long as the player was paid more than the minimum salary for a two-year veteran.
17. Are there exceptions to the maximum salary?

Yes. In multi-year contracts only the first season's salary is subject to the maximum, but there are restrictions about how big raises can be from year to year (see question number 55).

In addition, a player in his fifth season can qualify for more than the 0-6 year (25%) maximum, and up to the 7-9 year (30%) maximum if he has met the "5th Year 30% Max criteria" (see question number 60). However, a player's eligibility for the higher maximum salary doesn't imply he will actually receive this amount -- as with all salaries, it's a matter of negotiation between the player and his team.

There are plenty of NBA CBA write ups and FAQS, all over the Internet. Not to sound like a gigantic dickhead ( or basically Briggs on a normal day) , but Google is your friend. Plenty of Knicks related articles as well about what limitations they may face based on their cap situation.

----------> Very classy There are plenty of NBA CBA write ups and FAQS, all over the Internet. Not to sound like a gigantic dickhead ( or basically Briggs on a normal day)

TripleThreat, cut it out man, we just don't need that here. Thanks.

nixluva wrote:The current estimate for the 2015-16 Cap is $67,100,000.00.

The current Knicks Contracts

Carmelo Anthony	        SF $22,875,000
Jose Calderon	        PG $7,402,812
Tim Hardaway Jr.	SG $1,304,520
Cleanthony Early	SF $845,059
Langston Galloway	PG $845,059
                           $33,272,450

Our Cap Number for our Draft Pick is one of these options:

Pick	1st Year Salary	 
1	$4,753,000
2	$4,252,600
3	$3,818,900
4	$3,443,100
5	$3,117,900

You have to figure they'll renounce the rights to everyone else and start with the most cap space they can. I haven't figured out the Cap Holds in that case. I doubt that will give them enough money for 2 full Max Players. The more realistic approach would be a vet with 6 of less years who would max at about $17 mil. If you could get them to take just a bit less perhaps then you might squeeze 2 young Max vets in there. I doubt that is how Phil goes tho. I'd guess he'll go for 2nd tier role players.

You left out the capholds for minimum roster size of 10. So, if you have 5 under contract and want to sign 2 more, you need to include 3 min salary cap holds at $845k each. So add another $2.6MM or so to your 'under contract' lineup. Otherwise, the numbers are dead on.