will financial responsibility FINALLY happen at the garden?!?!?

Players Association Director Billy Hunter, in Detroit to discuss the potential lockout, sounded as if he was lobbying Knick owner James Dolan. Hunter pointed out the proposed "super tax" - an even nastier version of the luxury tax - would knock the Knicks dead.

The "super tax" proposal charges high-payroll clubs two times for every dollar over a threshold. The luxury tax was a 1-for-1 tax. The Knicks next season could have a payroll of $111 million, with Hunter estimating they could pay a $70 million tax.

"Even for the New York Knicks, that would be prohibitive," Hunter said. "They can't exist with that kind of strain."

even better - will Dolan finally be kicked off the board?

the players union doesn't want a cap- I say fine, get rid of the cap, but then get rid of guaranteed contracts.

Posted by Allanfan20:

I really don't think this will effect Dolan too much. It would effect most any other owner, but Dolan has money and he seems kinda stupid financially. However, I think it's a good idea by the NBA, particularly if they are targetting the Knicks. The league needs the team in the largest market back on it's feet.

How does a supertax help the knicks?

I think giving the Knicks an extra first round pick would be more helpful

...but the point is, only the idiot will be punished.

Posted by crzymdups:

...but the point is, only the idiot will be punished.

How so? ZEvery team over the cap will be punished and that means about half of the league. How will a team like Memphis be able to pay such high taxes for being over the cap in such a small market? Its still unfair.

How so? ZEvery team over the cap will be punished and that means about half of the league. How will a team like Memphis be able to pay such high taxes for being over the cap in such a small market? Its still unfair.

no, the threshold is higher than the cap. Right now, the threshold is $56 million or so. They're talking about raising it to like $65 million, meaning less middle level teams get hit and only the super spenders like Portland, NY, etc get hit. The owners are FINE with it, it preaches fiscal responsibility and keeps salaries in line.

The players union and agents are PISSED and never want to see that, becase a fiscally responsible New York means there's nowhere for the Penny Hardaways, Mo Taylors and Allan Houston to rot on the bench earning a combined $45 million. The player union thinks a super tax means lower average salaries, and they may be right, but it'd be great for the Knicks to be like, "oh crap, we need to just cut loose Penny and Tim when they're done and not trade for another long term deal."

[Edited by - crzymdups on 06/16/2005 16:43:36]

If they pass this, say goodbye to trades. That really might not be the worst thing! Working with fiscal responsibilty is better than loosely making moves. I agree, if they do this, they would have to Grandfather the thing in. But essentially, it would curb all Knicks spending for 2 years. If that is the case, they better make a bum rush on pick 19. If they are prohibited from making moves for two years sans draft picks, its better to have more than less!

just get rid of the damn salary cap for cripes sake...it's silly!

but they're also talking about widening the trade percentage. instead of salaries having to be within 12% of each other, it would be 25%, so trades would actually be easier, even for the Knicks, but it would cost them a PRETTY penny. (not that Penny).

They need a hard cap, and simultaneously, a mechanism for teams like the Knicks who have criminally mismanged their cap to be able to get out from under their present cap strangulation.