Knicks 2018 cap situation

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Knicks 2018 cap situation

Postby spree#8 » November 27, 2017, 8:45 pm

On special request by Nazr, here a little head start on our current cap situation for next summer. While I think we won't be a free agency player for quite some time, it can't hurt to look at our financial situation. It is just a quick primer for now with all available data known to this point.

Same procedure as every year, I like to have one own thread for all things related to our salary cap position so it doesn't perish somewhere in the free agency thread and instead can be found quickly.

So here we go. Salaries according to: http://www.spotrac.com/nba/new-york-knicks/cap/

Under contract (guaranteed) - 11 players:
Enes Kanter 18,622,513 (PO)
Joakim Noah 18,530,000
Tim Hardaway Jr. 17,325,000
Courtney Lee 12,253,780
Lance Thomas 7,119,650
Kristaps Porzingis 5,697,054
Ron Baker 4,544,000 (PO)
Emmanuel Mudiay 4,294,480
Kyle O'Quinn 4,256,250 (PO)
Frank Ntilikina 4,155,720
Damyean Dotson 1,378,242
Sum 98,176,689

Under contract (unguaranteed)
Trey Burke 1,795,015 (via Ian Begley and http://www.basketballinsiders.com/new-y ... am-salary/)
Troy Williams 1,544,951

Cap hold 1st round pick
9th 3,090,074 (in case the cap increases to 101m)

Cap holds free agents
Michael Beasley 1,544,951
Jarett Jack 1,544,951

Roster charge (for every spot up to 12 when fewer players/cap holds included):
582,180

Trade exceptions:
2,381,965 (until 09/25/18)
1,435,750 (until 02/07/19)

Salary cap estimate:
101,000,000

Apron estimate:
126,471,344

Max contracts (estimates):
0-6 years experience 25,200,000
7-9 years 30,300,000
10- years 35,350,000

Most common exceptions (estimates):
Non-tax payer (over the cap, below apron after use) 8,567,770
Tax-payer (over the cap, over apron after use) 5,291,918
Bi-annual (every two years available if over cap, but below apron after use) 3,353,315
Room-exception (when team used cap space, after capping out) 4,441,290

Cap space left:
None, yet. Unless players opting out, getting waived/bought out or getting traded get us more than the MLE under the cap. But we would've the biggest MLE, the non-tax payer one.

Let's go through one example: O'Quinn opts out, but we pick 9th and keep Burke.

98,176,689-4,256,250+1,795,015+3,090,074=98,805,528 for 12 players. The sum is under the projected salary cap by 2,194,472. So we could use that on an outside free agent and offer another one the room exception if we act like a team under the cap, or offer the non-tax payer exception (which in this case is higher) if we act as a team over the cap. So if we do nothing, acting as a team over the cap seems to be the way to go.

Being right at or under the cap means though, that we are very flexible, because any money we shed could be used to be offered for outside free agents. This makes sense if we target someone with a starting salary above the non-tax payer MLE. If Kanter for example opts surprisingly out or we trade him into the cap space of another team, we could be in play for a 20m guy. If Noah gives us half of his remaining guaranteed money back, we could be in play for a guy in the range between 10-15 mill.

Edit 1: Post trade deadline update.
Other edits: formatting/wording.
Last edited by spree#8 on April 23, 2018, 1:56 pm, edited 6 times in total.
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Re: Knicks 2018 cap situation

Postby nazrmohamed » November 27, 2017, 9:05 pm

Yeeeeeeaaaaaaahhhh.

Couldn't wait. I gotta take more time on this, but I thought it was necessary. The Knicks seem to be playing just well enough to find themselves out of the lottery, yet not good enough to be contenders. This means we're probably going to draft and acquire via free agency mid tier players. No elite prospects, no elite free agents. We got a draft thread but I can't even shop for FA's till I know what we can afford so thanks........ for letting me know we have
NOTHING!!!!! Goddamn we broke.
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Re: Knicks 2018 cap situation

Postby spree#8 » November 27, 2017, 9:12 pm

Don't worry, we will be in the lottery. And the MLE is quite high with over 8 mill. We are fine. Free agency is just not our main priority right now, but sitting right at the cap still gives us some flexibility.
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Re: Knicks 2018 cap situation

Postby gradyandrew » November 30, 2017, 8:09 pm

We've all seen "Now you see me" right? If a hypnotist can convince that French guy to go to las Vegas, then I think it should be relatively easy to get one to convince Ron Baker to opt out, right?

KOQ and Kanter are more difficult. The way they are playing seems to be a pretty close match to their salaries. I have no idea what the plan is. They both look like they enjoy playing in New York, so that counts for something. If they both opt out, we would have a decent amount of cap space to chase free agents. Dougie Fresh is another wild card. We don't want anyone to THJ him away from us.

The Knicks could just return everyone, but I'm not sure it leads to success. Rebound is going to hate me for saying so but I think Jack has been the secret to our success. So bringing back the same roster is risky if our hopes lie with an older PG.
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Re: Knicks 2018 cap situation

Postby Championship 16/17 » December 1, 2017, 10:38 am

Beasley, Jack, and Sessions should not be brought back next season.

You resign Kyle and McDermott.

I don't think Kanter will opt out.

Try to trade Lance Thomas and Ron Baker at trade deadline.
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Re: Knicks 2018 cap situation

Postby Don Che » December 1, 2017, 11:24 am

Lance provides good leadership and when we clamp down defensively....he's on the floor

plus hes our longest tenured Knick and isnt getting a boatload of $

Id let Sessions/Beasley walk

Kyle and Willy I'm on the fence but I'd totally get it if both of them arent here next year and we run with Kanter/Noah/Kornet

i'd sign Kevon Looney this offseason tho. Exactly what we need...long defender that can cover 3/4/5. Mobile/rebounds and doesnt need plays ran for him.
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Re: Knicks 2018 cap situation

Postby gradyandrew » December 21, 2017, 3:48 pm

1st Trimester grades on the curve:
A+ KP
A THJ
A- Lee
B+ Kanter
B Jack
B- KOQ
C+ Beasley
C Frank
C- Doug McD
D+ Lance
D Dotson
D- Baker
F+ Willy Hernangomez
F Joakim Noah
F- Ramon Sessions


He's probably a cool dude, but I don't think it's even worthwhile to have Sessions on the roster anymore.

Trey Burke had 28 points and six assists in Westchester's win over Salt Lake City tonight.


The Knicks would be better off being served bringing Trey up.

I don't think Baker opts out.

Kanter and O'Quinn are the biggest unknowns. Besides them DMC, Greg Monroe, Brook Lopez, Derrick Favors, Frye, and some other guys are also centers on the market. Last season the cap number came in way low so the money is always an estimate. Just having competitive teams in NY and LA usually make for higher ratings, but we'll have to wait until the playoffs to really know. My feeling is that the fundamentals of this team are solid and should be kept together. Jeff has somethings to figure out regarding the rotation but I still think we make the playoffs. That said, as long as Noah is here the Knicks are in a tight cap situation. Any deals we make shouldn't go past 2019-20 when Noah's deal expires.

Jack seems old but really isn't. There are still plenty of guys from his draft class around including Chris Paul.
Doug has proven a much better defender, and a creative cutter on offense, This in addition to being a marksman.
Beasley has great offense and can win games.


That team we can hit a FA with Frank, THJ, KP, maybe Dotson and Willy and a max free agent spot open.
It’s not the frustration of the fans of us losing, they want to see the dog, they want to see that fight, they want to see that hunger inside of you. - THJ
Management didn't get that memo.
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Re: Knicks 2018 cap situation

Postby Koopa Troopa » December 21, 2017, 7:21 pm

gradyandrew wrote:We've all seen "Now you see me" right? If a hypnotist can convince that French guy to go to las Vegas, then I think it should be relatively easy to get one to convince Ron Baker to opt out, right?

KOQ and Kanter are more difficult. The way they are playing seems to be a pretty close match to their salaries. I have no idea what the plan is. They both look like they enjoy playing in New York, so that counts for something. If they both opt out, we would have a decent amount of cap space to chase free agents. Dougie Fresh is another wild card. We don't want anyone to THJ him away from us.

The Knicks could just return everyone, but I'm not sure it leads to success. Rebound is going to hate me for saying so but I think Jack has been the secret to our success. So bringing back the same roster is risky if our hopes lie with an older PG.


Not sure how Kanter opts out. Hes not getting 19 million from anybody. The only way I could see him opting out is if he thinks his body is deteriorating and wants to sign a long term deal quick before hes exposed. Baker would be a fool to opt out. If he ops out he'll end up playing overseas.... Or Perry will give him 20 mil a year like George Hill who knows :drunk:
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Re: Knicks 2018 cap situation

Postby rebound » December 23, 2017, 2:31 pm

Summer of 2018 the Knicks have no moves to make. The last thing they should do is use future cap space on more washed up veterans.

If they move Lee for a contract that expires in 2019, summer of 2019 means Kanter, Lee's replacement, Lance(1mil dead cap), and Baker all off the books.
Only thing on the Knicks books that summer will be
Noah(1 year at 19 mil can be stretched over 5 years if more cap space is needed needed)
Timmy 18 mil
KP's cap hold 17mil
Frank
2018 rookie
etc

Now the Knicks don't have to go all in 2019 but they gain very little cap space waiting for Noah's contract to expire as KP's cap hold will jump to around 28 mil the next season.
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Re: Knicks 2018 cap situation

Postby Don Che » December 23, 2017, 3:17 pm

I think with KP ext looming

its best to not go crazy with trying to sign big paychecks this offseason next. We should be in the business of letting the contracts expire if need be and picking up small contracts with guys who can exceed their contracts.

from a cap POV ...if Kanter and Kyle opt to be FA's financially/production wise it might be best to let them both expire. Let Willy/Noah take the reigns of the 5 spot next year and invest similar to how the Nets have and getting lottery picks from other teams that havent panned out that fit your principles and buy cheap and hope 1 of them hits high
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Re: Knicks 2018 cap situation

Postby gradyandrew » February 18, 2018, 7:23 am

I think Perry should waive Beasley and Jack before the break finishes. I don't see how the Knicks keep them around next season with KP out, those guys aren't doing anything except helping the Knicks win games, which unfortunately is no longer the plan. I think both have a chance to be contributors on a playoff team. It's time to thank them and let them move on to hopefully greener pastures. All the long term big money guys (Lee, Thomas, Noah) should be kept on the roster until the summer.
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Re: Knicks 2018 cap situation

Postby dcapodic » February 18, 2018, 9:02 am

If I understand this correctly, we essentially have liitle/no room to sign a free agent except minimum type deals. So, if, let's say, we were to have access to a young hmmm, point guard for example but the worry is that he will be in his QO next year and there is a chance that someone could offer him a bigger contract (there is also a chance that he might not get any better offers, after all many seem to have low regard for him right now anyway) and we might need to match....we could do that with really little/no impact on our 2018/2019 cap space, since we essentially have none anyway and you are allowed to go over to sign your own players. For the most part, it would be almost as if you signed that young, talented PG in free agency when you could not really have done it if you didn't get him earlier. So, if anyone used the "excuse" of this young PG's "contract status" as a reason to not acquire him this year, it really is of little/no bearing at all. It is really a non excuse. Sounds legit until you take a look at a bit closer.

Just curious, does this make sense, I am not a cap guru.
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Re: Knicks 2018 cap situation

Postby gradyandrew » February 18, 2018, 10:29 am

dcapodic wrote:If I understand this correctly, we essentially have liitle/no room to sign a free agent except minimum type deals. So, if, let's say, we were to have access to a young hmmm, point guard for example but the worry is that he will be in his QO next year and there is a chance that someone could offer him a bigger contract (there is also a chance that he might not get any better offers, after all many seem to have low regard for him right now anyway) and we might need to match....we could do that with really little/no impact on our 2018/2019 cap space, since we essentially have none anyway and you are allowed to go over to sign your own players. For the most part, it would be almost as if you signed that young, talented PG in free agency when you could not really have done it if you didn't get him earlier. So, if anyone used the "excuse" of this young PG's "contract status" as a reason to not acquire him this year, it really is of little/no bearing at all. It is really a non excuse. Sounds legit until you take a look at a bit closer.

Just curious, does this make sense, I am not a cap guru.


From what I've seen the only teams that we should worry about stealing Mudiay from us are the Beijing Ducks, Shanghai Sharks, and Turkish Delights. From what I've seen Emmanuel's game consists of passes that go nowhere, turnovers and rushed 3's for a guy shooting 30%. Oh and did I mention that when he gets the ball there is a 50-50 chance he'll just decide to keep it no matter what? Here's to hoping he proves me wrong. :drunk:
It’s not the frustration of the fans of us losing, they want to see the dog, they want to see that fight, they want to see that hunger inside of you. - THJ
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Re: Knicks 2018 cap situation

Postby spree#8 » February 18, 2018, 12:30 pm

If we act as a team over the cap (which is likely unless Kanter opts out or Noah let's a lot of money on the table), we have the MLE, which is at over 8 mill nowadays.
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Re: Knicks 2018 cap situation

Postby gradyandrew » February 18, 2018, 12:45 pm

spree#8 wrote:If we act as a team over the cap (which is likely unless Kanter opts out or Noah let's a lot of money on the table), we have the MLE, which is at over 8 mill nowadays.


Woah, Noah's contract and buy out are two cups of tea right? Even if he accepts a $3 buy out we'll still take the same cap hit. The one argument in favor of stretching is that over time with a rising cap, the comparative cost of the hit (as a percentage of the total) will decrease.
It’s not the frustration of the fans of us losing, they want to see the dog, they want to see that fight, they want to see that hunger inside of you. - THJ
Management didn't get that memo.
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Re: Knicks 2018 cap situation

Postby spree#8 » February 18, 2018, 12:52 pm

spree#8 wrote:If we act as a team over the cap (which is likely unless Kanter opts out or Noah let's a lot of money on the table), we have the MLE, which is at over 8 mill nowadays.

gradyandrew wrote:Woah, Noah's contract and buy out are two cups of tea right? Even if he accepts a $3 buy out we'll still take the same cap hit. The one argument in favor of stretching is that over time with a rising cap, the comparative cost of the hit (as a percentage of the total) will decrease.


No. If he takes a buyout, that amount will be counted against the cap over the remainder of his contract (or over twice the number of years plus one - i.e. 5 ATM). Stretching is not a possibility in my book at his current price tag, because it would take out too much money in years where we want to be players in free agency again. Even with a buyout I probably would not stretch the cap hits and rather be "clean" of it in 2020. We are a little under the cap, so if he agrees to a significantly lower buyout, it could create more cap room than the MLE even without stretching.

But I'm fine either way, because with the 8.something mill MLE you can get something and for now we should be more focused on the draft than free agency anyway.
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Re: Knicks 2018 cap situation

Postby gradyandrew » February 18, 2018, 1:24 pm

59. Can existing contracts be renegotiated?

A contract for four or more seasons can be renegotiated after the third anniversary of its signing, extension, or previous renegotiation (if the previous negotiation increased any season's salary by more than 5%). Contracts for fewer than four seasons cannot be renegotiated. A contract cannot be renegotiated between March 1 and June 30 of any year.

Only teams under the cap can renegotiate a contract, and the salary in the then-current season can be increased only to the extent that the team has room under the cap (and cannot increase the player's salary beyond the maximum salary). A renegotiation can only be used to provide a salary increase -- players can't take a "pay cut" in order to create more cap room for the team.


:?
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Re: Knicks 2018 cap situation

Postby spree#8 » February 18, 2018, 1:42 pm

59. Can existing contracts be renegotiated?

A contract for four or more seasons can be renegotiated after the third anniversary of its signing, extension, or previous renegotiation (if the previous negotiation increased any season's salary by more than 5%). Contracts for fewer than four seasons cannot be renegotiated. A contract cannot be renegotiated between March 1 and June 30 of any year.

Only teams under the cap can renegotiate a contract, and the salary in the then-current season can be increased only to the extent that the team has room under the cap (and cannot increase the player's salary beyond the maximum salary). A renegotiation can only be used to provide a salary increase -- players can't take a "pay cut" in order to create more cap room for the team.



That means that we can't renegotiate a contract down and keep the player. For buyouts you have to look here: http://www.cbafaq.com/salarycap.htm#Q66
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Re: Knicks 2018 cap situation

Postby gradyandrew » February 18, 2018, 2:06 pm

I understand that you can reduce the salary received, but I always thought that the original amount remains as the cap hit. Like when Larry Sanders left to Bucks, they were still on the hookcap wise for the original amount. I'll take your word on it.
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Re: Knicks 2018 cap situation

Postby dcapodic » February 19, 2018, 12:10 am

gradyandrew wrote:
From what I've seen the only teams that we should worry about stealing Mudiay from us are the Beijing Ducks, Shanghai Sharks, and Turkish Delights. From what I've seen Emmanuel's game consists of passes that go nowhere, turnovers and rushed 3's for a guy shooting 30%. Oh and did I mention that when he gets the ball there is a 50-50 chance he'll just decide to keep it no matter what? Here's to hoping he proves me wrong. :drunk:


Thanks for the followup gradyandrew but i was actually referring to the point guard of the Suns, the target of a recent debate. I probably should have just asked spree outright since he is the cap guru.

spree....you probably know what i am referring to....one of the arguments against Payton was his "contract status". However, if we are over the cap anyway (or close to it), does it really have much effect on 2018/2019? First off, he has his QO which means someone has to offer him more to even create the situation where you might have to offer him a bigger contract, correct. Also, if the Knicks did wind up having to meet an offer, it really would not effect 2018/2019 much if they decided to sign him, correct? Also, in 2019/2020 we will go through the same for Mudiay, if we are still interested, correct?

TIA!!
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