The Knicks Salary Cap Situation

UntitledSalary Cap numbers from HoopsHype.com

Matthew Falkenbury

Now that the Knicks season has come to an end, the talk about where they are headed has to begin.

The first thing that we have to look at is what the Salary Cap situation will be for them next season. As you can see, the Cap is basically tied up with the big money contracts of Melo, Amar’e and Chandler.

It was for this reason, among many others, that the Knicks allowed Jeremy Lin to go to Houston instead of matching the offer sheet he got and accepted.

One of the biggest questions this off-season will be about the status of J.R. Smith. He has a player option that we all know he wont accept because he can make more money in Free Agency.

The Knicks have J.R’s Early Bird Rights and can offer him a four-year contract starting at around five million with “standard raises”.

The Early Bird rights (According to Wikipedia) means “A team can re-sign its own free agent for either 175% of his salary the previous season, or the NBA’s average salary, whichever is greater. Early Bird contracts must be for at least two seasons, but can last no longer than four seasons.”

This of course is a good thing considering the Knicks cap situation. The problem is that teams like the Hawks, Suns and Mavericks for example, could sign him to a much bigger deal.

Smith had a great season this year but followed it up with a very poor post-season. It will be interesting to see how his contract situation works out.

The other players that could get themselves substantial raises this summer are Pablo Prigioni and Chris Copeland.

The Knicks could make both Copeland and Prigioni restricted free agents by giving them qualifying offers before June 30. The qualifying offer for next season would be for $988,872, which is a combination of the second-year veteran’s amount of $788,872 along with a “non-Bird” exception of $200,000.

If they do not accept the offer, they remain RFA’s and the Knicks can match any offer they are given. I would be surprised if both, especially Copeland, accepted them. They have both been said to love New York, but Money talks and some team could offer more than what the Knicks want to pay.

The Knicks do have the “taxpayer mid-level exception” of $3.18 million to spend on a free agent. I would think that if/when Copeland declines the qualifying offer, he could be inline to receive that. It would put him on par with what Novak is making and we all know he is the better and more versatile player.

Kenyon Martin and James White will be unrestricted free agents and could come back on veteran’s minimum deals. Other than that and the 1st Round Pick the Knicks will bring in, any major changes for the team will come from trades.

One thing that would really work in the Knicks favor would be if Kidd and Camby walk away from the last two years of their deals and retire.  That would save the Knicks seven million and give them the chance to use the full midlevel exception ($5.15 million) and the biannual exception ($2.02 million) this year.

The front office will have to do a lot to improve the team substantially from the group we saw this year. They did a good job last year and it will be interesting to see what they do this time around.

If you were the Knicks GM, how would you handle the Cap and the players that will be Free Agents?

(A hat tip to ESPN-NY’s Jared Zwerling and Ian Begley for the Salary Cap information used in this article.)




234 comments
TonyM
TonyM

@ The Commish                       Most of what you say is true but the fact remains that what little money Snow has to spend is not spent wisely!

Giving Josh Bailey a five yr deal at 3.5 mil per year is a disaster. He could have signed Khoudobin who would have been their goalie for yrs to come for less then he paid Nabby His FA signings are a joke, PMB, Regin, Carkner, Reasoner, Pandolfo just to name a few! He claims that whatever moves he makes are made to improve the team! If this is true he should resign as GM and this most definitely will improve the team!

Scott Weinstein
Scott Weinstein

At that point I would've just kept Vanek out of spite.

Bryan Herrmann
Bryan Herrmann

Been a die hard islander fan all my life, this is truly the icing on the cake. I was just offered free tix to the next home game. I refuse to spend another penny on this team or show any support for that matter until some big changes are made. I have given Garth and Wang the benefit of the doubt for too long. At this rate its just a matter of time till Tavares wants out of this joke of an organization. Thanks for nothing. 

The Commish
The Commish

Garth Snow definitely screwed up on this one it's true. BUT - if you are given $20 and told to make a great meal for 20 people with only that amount of money could you do it? If Snow says "players aren't worth what they are asking"..is that HIS thoughts or just covering his bosses you know what so he keeps his job? He doesn't decide how much he can spend. If he wants a player he has to base it on his given budget or ask the man writing the checks. This is as much, if not MORE Wang's doing, yet 95% of the people solely blame Snow. Do I think he is a good GM? No. But right now there is NO GM around, past or present, who can build a team with the money available to the GM of the Islanders. Say what you want but that is a FACT. I understand Wang may not have the money to do it as this franchise, if it were a regular business, would have shut its doors LONG ago as it consistently loses money. New ownership, willing to come in, roll the dice, and spend a large amount of money heading into their new building to start to build interest is a must. The only thing keeping this team afloat is the visiting teams fans who pack the Coliseum, in a sense making the game a neutral site affair. And I don't blame Islanders fans one bit for staying away. Fortunately I am old enough to have experienced the downs and ups of our beginnings, being 6 when the Isles came to town. There is no chance to breed new fans with this debacle. It is much easier to just root for the team from Manhattan than to suffer the ridicule and , due to their age, having no response as they never got to enjoy anything other than a circus sideshow. But the buck stops, and starts, with the OWNER. A complete front office overhaul is needed and as long as Snow does EXACTLY what Wang wants, he is staying. How can Wang fire him? Snow would then say "well here was what I was allowed to do with what I was given". Wang would "lose face" and that's not gonna happen

Gary Comitto
Gary Comitto

I swear, you and I could have made that trade to Montreal. It probably went something like this:
Montreal GM - "Garth, you know it's 2:55 and you still have Vanek...what other choices do you have at this point?"
Garth -" OK, give me Price and a 1st rounder in 2014 and a 1st rounder in 2015 and we'll call it even."
Montreal GM - "How about a Sweedish prospect that has 9 points in 40 games in a glorified Mens league?"
Garth - "who?"
Montreal - "just say yes dummy. It's now 2:57 and if we don't have the email in by 3 you'll still have Vanek"
Garth - "but Wang will be mad at me"
Montreal - "doesn't matter...just remember your blackmail info...that's how you still have your job in the first place silly....don't you remember how you fucked up the Ryan Smyth deal the same way when he walked and you got nothing, but still kept your job?....You're bordering here on Mike Millbury legendary status if you don't get something...and now it's 2:58, so....
Garth - "OK, but next time I cross the border up there you get the first round of drinks"
Montreal - "No, you're buying if we make it to the playoffs, if not, I buy."
Garth - "let's make that an unconditional draft choice for first rounders too..."
Montreal - "5th rounders".
Garth - "OK. man, you're such a good negotiator"
Montreal - "And you're a stellar backup goalie Garth."

Todd David Ferrell
Todd David Ferrell

For everyone asking for Snows head please give the name of the gm that is going to turn this franchise around. Thanks.

Don22
Don22

Just the fact that he has to come out and say that it was the best deal they could get tells you that even HE is disappointed in the return. 

Blake Waldman
Blake Waldman

and good luck on that rebuild.  


we just showed every 16+ yr old playing in the system that when we get a good kid who loves playing for us, puts up huge numbers, clicks in the locker room and with your star on the ice, and is as loyal to the team as any islander in the past and wants to stay long term to build a winner…..


we will out of the blue pack you up and send you out to trade for a half-season rental who does nothing for us and get a bag of pucks at the trade deadline.


rookies and veterans alike will be falling all over themselves to play here.

Christopher Oliver
Christopher Oliver

Doesn't make today any easier...but I enjoyed that. First time I smiled all day. After this unmitigated disaster I need a laugh...

Blake Waldman
Blake Waldman

i am starting to wonder if milbury is still calling the shots from wang's rec room.

Doug Brown
Doug Brown

Been at work all day so I could only sit there and get pissed off. Im so done with this team. Baseball season started today for me.

jepliberty
jepliberty

Notice in the title he states "this is the best offer WE received" who is WE? It is him the head moron, or was he actually referring to the meddling p.ri.ck, none other then Wang, so which is it Garth, you waterboy, get Wang another cup of coffee, boot licking, a.rs.e kisser.

Sam Sam
Sam Sam

It's not only that Garth is a moron, liar and a terrible GM but if you have ever met him or seen him being interviewed he's an arrogant prick. 

rvk431
rvk431

For a while I was on board with the message to grow through the draft, but the last few trades have been moronic. Starting with Nino, then the Moulson trade which made zero sense and now this. If he survives it is a travesty. No one is ever held accountable on this team for absolutely HORRIFIC results. Not Snow nor Capuano. It is impossible to be a fan of this once proud franchise. I'm done with this team until Snow is gone. For him to sit there and say he does not regret this shows us how poor a decision maker he really is. How about a simple in Hindsight I may have done things differently. No he is saying I would pull the strings on another DUMBASS trade tomorrow.  

gleichzahl
gleichzahl

'the GM said that the team has had their eye on Collbert for some time.'

how is that even possible?  he's a twenty year old kid playing in sweden!  garth seems to be just babbling in the hope this trade might seem legit.  the truth is that this whole vanek mess was a classic 'buy high, sell low' fiasco.  it's such a spectacular failure that, right or wrong, it pbl defines garth's career as gm.  and possibly ends it.

gleichzahl
gleichzahl

it's hard to be a good team when your two worst positions might be gm and coach.  snow's reputation is so shattered that no free agent will trust his career to him.  no other gm will see him as a serious trade partner.  so how is this team supposed to get good?  i guess we can hope in the fresh blood they've put on the roster the last couple of years, but even so you're looking at best at a decent team.

Michael Boyarsky
Michael Boyarsky

Another wonderful move by our back-up goalie GM. He has no regrets?...he has no honesty. Well at least the owner will be happy...salary cap floor is apparently his Stanley cup.

Hey snow the circus is at the coliseum why don't you package your on ice circus with theirs?!?! First off, any genius should have seen that a player not wanting to sign with a team that just traded for him will INSTANTLY diminish future trade value once the news hits the wires. Bigger question still resounds: WHY HAVENT WE TRADED FOR A DECENT GOALIE?! MILLER PERHAPS INSTEAD OF VANEK?! That would have justified the insane value we gave away for vanek at least. Nabby was clearly the problem in the playoffs last year.

Thomas Boyle
Thomas Boyle

I am not going to any games or buying any merchandise until snow and wang are gone they have destroyed this franchise

Brian Thomas
Brian Thomas

If there was any doubt the Islanders  were BSing this whole rebuild, it's pretty crystal clear whats going on now. The Isles true colors showed this year, they failed to address needs to put them over the edge, they traded a core guy, and I don't care what anyone says Matt Moulson bled Orange and Blue. Everything is garbage pickups or more pics for the future and when our current pics rear a good player or 2 expecting a pay day they are out the door. Than its right back to waiver pickups and cheap prospects.  The Islanders are like a training camp for the rest of the league. We turn them into NHLers and other clubs pay them  and turn them into winners. What a Disgrace, I am utterly disgusted, Snow should jus resign to save face, he obviously cant negotiate any kind of deal or run an NHL Franchise.

hoser_14
hoser_14

If that's the best you can do after 8 eight years of little success, then it's time for you to resign if Clueless Charles Wang don't relieves (ie fires) of you because of gross incompetence.   .


The price for failure is losing your job.

jepliberty
jepliberty

If anyone sees Snow, before you kill him lol, ask him to do something constructive for this team and make an old man happy, [me] thank you. 

Bill Paden
Bill Paden

Bet Snow really wishes he gave Moulson the 6 million per year he was looking for.

Bill Paden
Bill Paden

Buffalo tried to offload Vanek last year and no one bit because everyone knew he would never re-sign. Snow trades the sun, moon and stars for the guy without even asking to talk to him first about an extension! What kind of dirty dildo does that.

Jonathan Lazarus
Jonathan Lazarus

It was the best offer you received because every other GM knows you're a moron. You bent over and took it in the ass again.

erika
erika

Wow, I admit I felt Garth did not have the balls to get anything we actually needed, but I honestly didn't think it would be this bad. What a friggin' slap in the face when Moulson and Vanek are both playing for Minny next season and the Rags go deep into the playoffs because their GM actually addressed a serious need, more scoring! 

What is worse and really pisses me off, is he stands there and blankly tells us he does not regret anything! HE IS EITHER REALLY, REALLY STUPID, or a BLATANT LIAR! ...The hockey world is tearing him apart on XM! I swear, every time I have an once of Faith, it does not take Wang/Snow/Cap very long to destroy it!

Jonathan Benish
Jonathan Benish

oh good..  another 2-3 years until this guy can play.. That's exactly what Tavares is looking for.  I honestly think I can do a better job.  No really, I think I could lol Somebody get these guys a copy of any NHL game and have them play franchise mode please..  At least that would be a start : (


The best part is, he still has a job.  If I performed this badly, i'd be out on the streets the next day.  Well, I guess look at our prez.  No difference there : (

Greg Halvorsen
Greg Halvorsen

GARBAGE and PATHETIC are two words that come to mind

isles4life
isles4life

If I were tavares I would simply tell management I want to be traded UNLESS you find a new owner

dagr33k
dagr33k

Once a moron always a moron. How in the hell did he screw this up if Montreal makes the playoffs we give them a 5 and take there second. WTF you idiot you should of just kept Vanek and made his life miserable. The kid we got back is in Sweden under contract and who even knows if he wants to come back to the states and play for a clown organization.

fan42long
fan42long

@Todd David Ferrell A quality GM would require that his owner pays him a fair salary, is willing to let him do his job with minimal interference, spends money where appropriate. 

So I don't see a quality GM seeing this as a desirable landing spot. I know, "They were willing to pay Vanek..." Throwing MM in that deal was not necessary. Buyers keep MM, trade the picks for Vanek. There was no second bidder. Moving MM in that deal was a $ decision, not a hockey one. End result = yesterday's disaster. So our GM is awful, and we are probably stuck with him. Awesome.

nymarc
nymarc

@Todd David Ferrell  After what the Islanders did to Neil Smith we cannot get an established GM, they won't come. We need an up and comer like Rick Dudley from Montreal or Jason Botterill from Pittsburgh. Snow has no respect in the league, with the media (little Media the Islanders have) and the fans making it impossiible to continue next year. Do not buy tickets!

Don22
Don22

@Blake Waldman I still don't mind the theory of the trade - trying to get a leg up on signing an elite winger to play with JT.  My problem is, although 7mil for 7 years is a fair offer, everyone knows that isn't what would get him to eschew free agency.  By trading for Vanek, it should have been a sign him at all costs move.  With that said, maybe he made that offer and Vanek told him no matter what he was going to FA - so there wasn't a juicier offer made.  Who knows.  Either way, major disappointment.

Blake Waldman
Blake Waldman

@Jason Zimmermann  thats the only good thing snow did - now the IOC is paying JTs salary while he is injured as reparation. hopefully that will help bring an end to this silly crappy idea  about guys that get paid millions of dollars to be healthy for their teams taking two weeks off every four years to go take the virginity of every figure skater in the olympic village while risking seasons and careers for an event that was much better when it was purely amateur athletes.

Rayloyola
Rayloyola

@Jason Zimmermann "It took 20 years to build the Great Pyramid in Egypt which is one of the wonders of the world.  Still a little more building to do if we want to win a playoff series." - Garth Snow 

Todd David Ferrell
Todd David Ferrell

No first round draft picks were traded for rentals today so what happened was Vanek was not deemed worthy and the risk Snow made blew up in his face. This was all he could get back.

Rayloyola
Rayloyola

@gleichzahl Garth had an intern go on the ESPN rankings of prospects and saw that they rated him #50 as of Mid-January.  I would consider a month and a half of those rankings being published "some time".

Brian Thomas
Brian Thomas

@orange2327 I think Reinhart and Lee are the real deal but they will be gone once their contracts expires. Snows excuse these players aren't worth what they are asking. That can only go so far for so long.

Don22
Don22

@Brian Thomas I don't have anything that can dispute your claims. But my question would be "WHY?".  Why would they choose to run a team like this by design?  It doesn't make any business sense at all.  They keep expenses low to lower losses, but in turn they are lowering their revenues because more people don't care about this team anymore.  I feel that Garth truly feels that what he is doing is best for the team and that in his mind they are still on target.  It must be some sort of ego thing that he can't see that this just isn't working anymore.  I really can't see them doing all of this with the intention of fielding a lousy team and pissing off fans. 

Mikkel Sylvestersen
Mikkel Sylvestersen

Sebastian collberg can be brought over when ewer they want. He is on loan to frölunda in sweden.

Blake Waldman
Blake Waldman

@Don22 @Blake Waldman  you already had that winger in moulson - consistent 30+, as good as vanek, and maybe even 40+ as he and JT played together more and more - and the chemistry was there and the history between the two is rare  - reminded me of how the sutter brothers always knew where each other was after growing up on the ice together - he was excited about the team and being there - when a GM just devalues that many plusses for an upside that at best would be a lateral move statistically…. shows the team has no heart from the top down and loyalty and passion are throwaway ideals.

Don22
Don22

@Brian Thomas @orange2327They will be with the team for a while.  They won't have any real leverage for a number of years.  Regardless of how good they might be, they won't cost too much for a while.

Don22
Don22

@Blake Waldman Well, yes you are right in the sense that MM and JT played well together.  But having Vanek play with JT for number of years would have most likely had much better results that with MM.  Look what they did together this year - and look what it did for KO.  No doubt KO broke out mainly on his own, but Vanek certainly helped.  

Let's put it this way - had Vanek decided to sign that offer by Garth, then the trade looks pretty decent.  But because of how it ended up, it was a lousy trade.  That's why I say that I don't mind the theory of the trade.  It was a risk that I felt needed to be done.  But the end result now sucks.



Rayloyola
Rayloyola

@Jason Zimmermann  Yeah, but you could imagine what it would be like if he did, right?