[NY Knicks Cap Situation Thread] - 2010-2011 Edition

[KnicksManiac]

(Somewhat) easy way to sign Melo and Chandler? The following would need to happen:

1. Turiaf - Declines player option to go for a multi-year deal somewhere else.
2. Walker - Knicks decline team option (According to hoopshype)
3. Mozgov - Knicks dump him + give $3 million cash to a team with cap space.

Left with:

Amare - $18,217,705
Felton - $7,500,000
Cap Hold for WC - $6,300,000
Gallo - $4,190,182
Randolph - $2,911,231
Douglas - $1,145,640
Fields - $788,872
Rautins - $788,872

We would then be at $41,842,502.

4. Sign Melo to max deal starting at $18,000,000
5. Sign Wilson to a large multi-year contract.

Pretty easy, no?

[towelie]

(Somewhat) easy way to sign Melo and Chandler? The following would need to happen:

1. Turiaf - Declines player option to go for a multi-year deal somewhere else.
2. Walker - Knicks decline team option (According to hoopshype)
3. Mozgov - Knicks dump him + give $3 million cash to a team with cap space.

Left with:

Amare - $18,217,705
Felton - $7,500,000
Cap Hold for WC - $6,300,000
Gallo - $4,190,182
Randolph - $2,911,231
Douglas - $1,145,640
Fields - $788,872
Rautins - $788,872

We would then be at $41,842,502.

4. Sign Melo to max deal starting at $18,000,000
5. Sign Wilson to a large multi-year contract.

Pretty easy, no?

Missing 3 roster charges, which is about $1.5M more in cap space (minimum roster has to be 12 players, but Melo would take up the 12th spot, so only need to add 3 roster charges to 11). We can cover that by trading AR too though, or ask Melo to take a paycut to $16.5M, which is what Amare's starting salary was. It's definitely do-able if we really want to bring back Chandler.

[KnicksManiac]

(Somewhat) easy way to sign Melo and Chandler? The following would need to happen:

1. Turiaf - Declines player option to go for a multi-year deal somewhere else.
2. Walker - Knicks decline team option (According to hoopshype)
3. Mozgov - Knicks dump him + give $3 million cash to a team with cap space.

Left with:

Amare - $18,217,705
Felton - $7,500,000
Cap Hold for WC - $6,300,000
Gallo - $4,190,182
Randolph - $2,911,231
Douglas - $1,145,640
Fields - $788,872
Rautins - $788,872

We would then be at $41,842,502.

4. Sign Melo to max deal starting at $18,000,000
5. Sign Wilson to a large multi-year contract.

Pretty easy, no?

Missing 3 roster charges, which is about $1.5M more in cap space (minimum roster has to be 12 players, but Melo would take up the 12th spot, so only need to add 3 roster charges to 11). We can cover that by trading AR too though, or ask Melo to take a paycut to $16.5M, which is what Amare's starting salary was. It's definitely do-able if we really want to bring back Chandler.

Good call, I knew I was forgetting something. Actually wouldn't our first round pick (~$1,300,000) and our two 2nd round picks (~$500,000 each) avoid the roster charges?

[Johnny Hoops]

I know there's been tons of discussion on cap ramfications around trading for Melo or waiting until the summer.

Question:

Assuming Melo goes elsewhere (with an extention) and is off the board for the Knicks is it in the Knicks best interest to go over the CAP at the trade deadline or are we better off keeping our CAP space?

I guess I'm asking if we can't get Melo --- is it in our best interest to find and trade for a secondary level player or two that push us over the CAP this year and allow us to both re-up a Chandler and potentially use things like the MLE next summer.

I'm assuming if we don't go over the CAP this year that resigning Wilson would take up a large chunk of our CAP room --- limiting other options for adding extra pieces.

[FieldsMedal]

(Somewhat) easy way to sign Melo and Chandler? The following would need to happen:

1. Turiaf - Declines player option to go for a multi-year deal somewhere else.
2. Walker - Knicks decline team option (According to hoopshype)
3. Mozgov - Knicks dump him + give $3 million cash to a team with cap space.

Left with:

Amare - $18,217,705
Felton - $7,500,000
Cap Hold for WC - $6,300,000
Gallo - $4,190,182
Randolph - $2,911,231
Douglas - $1,145,640
Fields - $788,872
Rautins - $788,872

We would then be at $41,842,502.

4. Sign Melo to max deal starting at $18,000,000
5. Sign Wilson to a large multi-year contract.

Pretty easy, no?

Couple of things:

1.) I'd suggest Shampsorts over Hoopshype. I believe the former is more accurate.

According to them, Walker's 2011-2012 salary become locked in when the Knicks declined to waive him in July of last year.

2.) I understand the desire to add Chandler and get 'Melo (and keep Gallo) but letting Turiaf, Randolph AND Mozgov go?

Knicks would be the smallest team in the NBA, bar none. If Stoudemire missed a game(s) Knicks would be rockin' Chandler at center and Gallo at PF.

[moocow007]

Basically depends on what you think is better (assuming Melo ends up in NY)...Gallinari and Randolph and picks...or Chandler and Turiaf and whomever they can get with an MLE.

[Pharmcat]

Basically depends on what you think is better (assuming Melo ends up in NY)...Gallinari and Randolph and picks...or Chandler and Turiaf and whomever they can get with an MLE.

get melo, go as high as needed for surrounding pieces

oh and i take chandler, turiaf, mle

[Fury]

D'Antoni's dream^^^^. No reason why we couldn't Miami Heat the backup center spot. We also have a few 2nd rounders that I don't think are guaranteed contracts.

[NoLayupRule]

If melo signed an extension that took him out of our range then yes, it may well be. We wouldn't need to do it for chandler because obviously that cap room we were holding for melo could be used for Chandler.

However if we made a move for Verajao for example and sessions then we'd probably be over the cap which would allow us to retain Chandler and fields and use our mle.

Best case is Carmelo coming here in a trade that sends out curry, randolph, money, a pick and walker and puts us over the cap so we can do the above or trade now for verajao or someone

Best case really would be nene coming with Carmelo

[FieldsMedal]

D'Antoni's dream^^^^. No reason why we couldn't Miami Heat the backup center spot. We also have a few 2nd rounders that I don't think are guaranteed contracts.

Maybe they like what they see from Jerome Jordan. I don't know.

It's a risky proposition, either way.

[aveboogie7]

If melo signed an extension that took him out of our range then yes, it may well be. We wouldn't need to do it for chandler because obviously that cap room we were holding for melo could be used for Chandler.

However if we made a move for Verajao for example and sessions then we'd probably be over the cap which would allow us to retain Chandler and fields and use our mle.

Best case is Carmelo coming here in a trade that sends out curry, randolph, money, a pick and walker and puts us over the cap so we can do the above or trade now for verajao or someone

Best case really would be nene coming with Carmelo

WHOA...Nene and Melo?!?!?!?

This board would crash the instant that deal was announced!

[moocow007]

If melo signed an extension that took him out of our range then yes, it may well be. We wouldn't need to do it for chandler because obviously that cap room we were holding for melo could be used for Chandler.

However if we made a move for Verajao for example and sessions then we'd probably be over the cap which would allow us to retain Chandler and fields and use our mle.

Best case is Carmelo coming here in a trade that sends out curry, randolph, money, a pick and walker and puts us over the cap so we can do the above or trade now for verajao or someone

Best case really would be nene coming with Carmelo

Actually a good point. One of the benefits of Melo via trade is that the Knicks potentially can add another player (that would play and fill a need) and still get an MLE (beyond just being able to resign Chandler and keep Turiaf). Don't know about Nene (doubt the Nugs would move him in this scenario) but they can probably add Birdman (more depth and function in a rotation with Turiaf). Then they can use the MLE to fill another need.

[Clyde_Style]

One of your primary criteria is whether or not the players already here at key positions are the ones you want to commit to long term. Outside of Amar'e, PG is the position most impacted in 2012 by these considerations. If the Knicks feel they will stick with Felton and not make a run at players will Deron or Paul, that seems to be where losing cap space or not is the big question for two seasons from now.

But if they want to stay with Felton as a franchise PG and retain key current players like Gallo and Chandler and go over the cap, then the possible play may in fact be to go after a guy like Melo, lock him in and then go over the cap and consider yourself out of the market for the next 3 years in terms of cap flexibility.

Felton's 2 year deal and his retention is the most important consideration now in my mind regarding planning future cap space. How the Knicks feel about him long-term will impact every other move you guys discuss all the time.

[NoLayupRule]

And yet it's not that far out of the real of possibility.

Nene is a potential free agent this summer if he doesn't accept his extension so they may well lose him too. We could add mozgov and turiaf to the deal and take bake nene.

[magnumt]

(Somewhat) easy way to sign Melo and Chandler?

....

Pretty easy, no?

I, and others, keep reiterating this: the easiest way to get BOTH Melo and keep Chandler is to:

1. TRADE for Melo BEFORE the Season ends.

2. Sign Wilson in the Off-Season (Matching any Offers for him).

--Mags

[Fury]

Here's the thing. I know everyone is ready to trade Gallinari for Melo, but if we try it the risky way and try to get everyone minus the big men for salary cap purposes, there will be no better team loaded at the wing spots. We're going to need backup swing men and Gallinari would be deadly off the bench if he gets over his slow starts. Either way, no one can compete with Chandler, Gallinari, Fields, and Melo subbing in and out for each other.

[Clyde2]

You're confusing cap holds with how much we can sign Felton for. Felton will have a CAP HOLD (ie. take up cap space even when unsigned) for around $10.3M. This was similar to David Lee's cap hold last season.

However, Felton can be SIGNED for up to $13.3M by us, using his early bird rights.

Excellent...I see my error now. Thanks for clearing that up for me.

Spectre, thanks for the question and Towelie, thanks for the answer. That cleared a point for me also.

[can o peas]

We need to trade AR

[cooch2584]

As I said on another post,does anyone think that with all the money the dolan family has that the cap really has a say in any decisions that are made?? Now bare with me here and dont rip me up for saying this, but if DW and Dolan wanted to say screw the league and we are gonna pickup whoever we want and pay the cap penilties but we would have a young,strong team for the next 10 yrs, that would be a contender for the title,do you think it would be a good decision? Now just think about it, the Knicks would be contenders EVERY YR, they would have a good core of players and they wouldnt hafta worry about making salary decisions down the road for a long time. Im talking about dumping curry, getting Melo,keeping chandler,keeping ronny,etc... going for the whole ball of wax RIGHT NOW.We all agree we need a shot blocker to start with Amare,so go after Nene,Sammy,or Marc Gasol. Im kinda happy if we didnt go after a backuppoint guard,let TD learn and be a home grown talent. Of course wed hafta dump guys like mason etc... I know it sounds like a crazy plan but just think of all the other monies that would come into The Garden in tv time and playoff money.I know this is WAYYY out there but Im just looking for opinions,not looking to be thrown to the wolves here.

[tangotai]

I've been thinking about this all year. I'm not sure why so many of us are hell bent on keeping Turiaf. Considering that Walsh announced today that he will resign Chandler.... a no brainer IMO, here are some realistic moves that are available to us.

AR + Walker ($$$ or 2nd rounder if need be) to Minny for Ridnour and Memphis 1st Rounder
Memphis 1st Rounder + Turiaf to Washington for J McGhee and Josh (blown knee expiring) Howard

Why Minny does it: They are in love with AR and don't need 4 backup PG's... Walker and 2nd round pick and cash get the better pick... Memphis instead of late 1st from Utah.

Why Washington does it: The desperately need a vet like Turiaf to provide leadership. Blatche and McGhee fight so they are looking to trade one of em.... the Memphis pick is fair comp for McGhee.

Then..... to Sacratomato
Curry + Azu + GALLO + our first round pick this year + 3 mil
for
Dalembert + Casspi + their unprotected 1st round pick this year.

Why Sacto does it..... The Maloofs need money, they save over 10 million this year with this deal AND
Gallo is a huge upgrade for them.

Why we do it.... we don't need Melo right now and get much deeper/better this year and for the future. We wind up in a position to sign both Melo and Chandler and still have enough cap space in 2012 to go after Paul or Derron .... if Melo doesn't sign with us.

Essentially in a scenario like this Walsh turns David Lee and Gallo into:
Javalle McGhee
Casspi
A 2011 lottery pick
Luke Ridnour

and preserves cap space for 2012.