With the buzz of excitement coming from Knicks land following the arbitration hearing the NBA is about to douse the franchise with cold water, according to several people I’ve talked to this weekend.
While it seems unlikely that the decision to award Jeremy Lin and Steve Novak, in particular, Bird Rights, the NBA will appeal and that process could take weeks to even months depending on the process.
What this means for the Knicks is that while under appeal the old (new) CBA rules apply and that the market place will operate as usual starting in July. This means that the Knicks may in fact be frozen out on potential free agents in the marketplace as they sit back and wait on a ruling from the appeal unless a resolution happens quickly.
Based on who I talked to around the league and in the legal world, this seems very unlikely.