Posted 23 July 2012 - 09:19 PM
lol, that luxury tax excuse is a pile of bullshit. First of all- you're the Knicks, you can easily afford a ~$36 million dollar contract for one season of Jeremy Lin with the marketing for the guy alone. The guys was a damn national sensation for weeks last year and really kept up his good play until his knee injury.
But aside from that, you absolutely do not have to pay the full salary for that season. Obviously, you could trade him the the 2 1/2 seasons he is under that contract, particularly in the last season of that deal when he is a huge expiring contract. Lets be honest, the problem with their salary that season is gonna be the $23 million dollars they are paying a 3 years older Amare, or Melo's $23 million, or Chandler's $16 million thats the problem, they will have to move one or more if they dont want to pay the tax.
Or they could let all those contracts expire (they all expire at the same time) and have an Heat-ish amount of cap room that off-season by just paying that big luxury tax bill (because they're the fuging Knicks and make money hand over fist). Or, if he is just terrible and you dont want to do those other things, there is actually a provision in the new CBA that lets you release a guy and spread his cap hit over multiple seasons.
So that luxury tax thing is a terrible reason for letting a young 23 year old PG who was the most exciting thing to happen to your team in years leave. But I guess the Knicks would rather have Felton