BRIGGS wrote:I don’t like giving 36 year old guys that much but I think if we get a player like him without giving up draft picks keeping what we have. We’ll improve the team
Paul's birthday falls before the October cut off date. So that means if the Knicks signed him to a 3 year deal at 60 million total, it would be a 2021-22 cap hit of 60 million dollars, but the cash hit would be 20 million a year for three years.
As a tenured 10+ year vested veteran street free agent, Chris Paul, in theory, could be signed to a 4 year max contract worth about 38 million AAV with annual 5 percent raises. The problem is the balloon cap hit in one year breaches the total projected cap. It's not actually possible for the Knicks to give Chris Paul a street free agent max.
That means the Knicks can give Paul anywhere up to 70 million ( while factoring in annual 5 percent raises) and anywhere up to four years, but the AAV has to be be scaled to not exceed 70 million in total. The Knicks would need to renounce all their existing free agents. Then they could only sign veteran minimum players to fill out the rest of the roster.
What Chris Paul is actually doing is seeing which team owner is willing to pay him crypto under the table.
On paper, there is zero reason for him to turn down his player option this offseason. I don't care what articles or pundits are saying what and when. The only X factor is money under the table.