via ESPN NY:
“The pivotal arbitration showdown between the NBA Players Association and the NBA over the Bird rights of waived players is expected to take place in mid-June, according to a source with knowledge of the negotiations.
The result of that hearing will be of utmost importance for the New York Knicks.
Bird rights are exceptions that allow teams to exceed the cap to re-sign their own players.
Teams can sign a player using the Bird exception if the player was with them for some or all of each of the prior three consecutive seasons. The early Bird rights apply to players who played for the team for some or all of each of the prior two consecutive seasons.
The union is arguing that waived players should be able to retain their Bird rights with their new team, just as traded players do.
The league says a player’s clock should be reset once he is acquired off waivers.
If the arbitrator rules in favor of the union, it will allow the Knicks to exceed the salary cap to re-sign both Lin and Novak, because they would be eligible for early Bird rights.
If the arbitrator rules in favor of the league, it becomes more difficult for the Knicks to retain both Lin and Novak.”
Needless to say, but this hearing will play a major part in how the Knicks approach this coming off-season. Signing Lin becomes a much easier decision to make if he does not hamper the pursuit of other free agents. As for Novak, he would likely be a goner if the Knicks could not exercise early bird rights to sign him. There are too many holes on this team for the Knicks to use the bi-annual exception on a situational player and Novak probably played himself out of a minimum salary deal for next season.
Again, the June hearing is of the utmost importance for this franchise.