How Donnie Walsh and the Knicks Should Execute the 2010 Plan

March 9th, 2010 by Jack Dorn Leave a reply »
It has been widely publicized that the Knicks have enough cap space this upcoming offseason to afford two maximum contracts. Indeed, they will have the space, but this will not be the correct way to approach the long-awaited summer of 2010. 

The salary cap for the 2010-11 season has not yet been determined, but it is projected to be approximately $54 million. The Knicks will presumably have five players on their roster following this season:

Eddy Curry at $11.2 million Danilo Gallinari at $3.3 million Wilson Chandler at $2.1 million Toney Douglas at $1 million Bill Walker at approximately $854,000 Sergio Rodriguez has a $2.8 million qualifying offer due for 2010-11, but it can be withdrawn by the Knicks before July 23 without needing the approval of Rodriguez. In my opinion, this is the route Walsh should take.

The five players listed above total $18.5 in team salary. However, there is a salary cap rule that requires the mandatory 12 roster spots to be accounted for, salary cap-wise. The "phantom" player cap hold costs the team $488,000 for each roster spot short of the mandatory 12.

The Knicks will have the mentioned five play ...

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