Tag: New York Knicks (Page 27 of 36)

Who will have cap space in 2010?

ESPN’s Chad Ford lists nine teams that will have significant cap space next summer. [Insider subscription required.]

1. Nets ($25-$27 million)
2. Knicks ($24 million, assuming they don’t sign anyone for longer than a year)
3. Heat ($20-$22 million)
4. Timberwolves ($16-$18 million)
5. Bulls ($13-$15 million minus whatever they give Tyrus Thomas)
6. Thunder ($14-$15 million)
7. Rockets ($12-$14 million minus whatever they give to Carl Landry and Chuck Hayes)
8. Clippers ($10-$11 million)
9. Kings ($9-$10 million)

This assumes a cap of $53.6 million, which is an optimistic view. The cap could drop below $50 million.

It takes about $14 million of space to sign a max-contract player, so even under these optimistic circumstances, there really are only five teams — the Nets, Knicks, Heat, T-Wolves and Thunder — that will have that kind of space. (The Bulls are likely to keep Thomas and the Rockets are likely to retain Landry and Hayes, though they could make another move here or there to put them in position to add a superstar.)

Of these five teams, the Heat look to be in the best overall shape. Their projected payroll already includes Dwyane Wade, so they have enough to woo another superstar (LeBron, Bosh, Amare, Boozer?) to Miami. They also have a few good young players (Michael Beasley, Daequan Cook and Mario Chalmers) under contract, and the city boasts a great climate and nightlife. But the real draw is playing with Wade, who has already proven that he can win a championship if he has a little help.

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What are the Knicks waiting for?

BREW HOOP has a nice roundup of the Ramon Sessions situation. The Knicks haven’t yet signed him to a deal, but the two sides are still negotiating.

Rumor has it that the Bucks would match up to $3 million per season. The Knicks’ payroll is currently projected to be around $27.4 million heading into next summer, and if the salary cap drops to $50 million, that leaves $22.6 million to sign LeBron (or some other max player) and David Lee and/or Sessions. (This assumes that GM Donnie Walsh can’t move Eddy Curry or Jared Jeffries.) Whatever deal the Knicks offer Sessions will cut into that cap space in 2010 since the minimum contract length is two years for a restricted free agent. It appears that the Knicks are looking at the worst case scenario (not being able to move Curry or Jeffries) and have to choose between Sessions and Lee.

As for the Bucks, I’ve made my feelings clear — they need to hold onto Sessions.

Bucks sign Hakim Warrick

Yesterday, I wrote extensively about this move, and his agent, Bill Duffy, announced the trade earlier today.

Here is what TrueHoop has to say…

The Bucks may win the award for saying goodbye to the most talent this summer, but they are certainly stocking the cupboard with a big selection of active and long young forwards. Presumably at least some of them will buy in to Scott Skiles’ intense approach to the game. With Brandon Jennings at point guard, the Bucks are shaping up to be one of those high-energy teams that will be fun to watch whether they win or lose.

Frank Madden of BrewHoop had this to say…

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Bucks poised to pick Warrick over Sessions? Really?

That seems to be the indication, according to ESPN

There were strong indications Thursday night that the New York Knicks were assembling the final details of an offer sheet they believe will ultimately land Milwaukee Bucks restricted free agent Ramon Sessions.

Terms of the proposed deal were not immediately available, but NBA front-office sources told ESPN.com that the Bucks were indeed bracing for the offer sheet and also more likely to pool the free-agent cash they’re prepared to spend this summer to try to beat the Cleveland Cavaliers to the signature of athletic power forward Hakim Warrick rather than matching what’s coming to Sessions from the Knicks.

Frank Madden at BrewHoop had this to say about the potential “swap”…

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Robinson to sign a one-year deal? What about Lee?

Per the NY Times…

The Knicks and the sparkplug guard Nate Robinson are nearing an agreement on a one-year contract that will pay Robinson $5 million to $6 million, a person close to the negotiations confirmed Sunday.

The Knicks are attempting to maintain enough wiggle room to land one or two of the potential star free agents expected to be in the 2010 class. The Knicks would have Robinson as a usable asset; they could keep him, trade him, re-sign him or use him in a sign-and-trade next summer.

If Robinson’s deal is finalized, it will almost certainly end the Knicks’ flirtation with the point guard Ramon Sessions, a restricted free agent from the Milwaukee Bucks. And a deal with Robinson could help Lee’s cause for a long-term deal because Robinson’s contract would not tie up any salary past next season.

This isn’t a bad deal for Robinson, because he gets a bigger salary and also gets to become an unrestricted free agent next summer. Normally, restricted free agents who can’t come to terms on an extension end up signing a one-year tender that allows them to enter free agency again the following summer. The Knicks are doing Robinson a favor, and even though it’s not the long-term contract that he wants, it should keep him happy for the season. (And, as a Bucks fan, I’d be happy to see the Knicks end their courtship of Ramon Sessions, though I’m not sure why Robinson’s one-year deal means that the team still can’t use their mid-level on Sessions, if they think he’s the long-term answer at the point.)

As for Lee, the Knicks seem more interested in signing him to a long-term deal. And why not? He has proven that he can be productive without needing a lot of touches. But he’s just an average defender, so the Knicks don’t want to pay the $10-$12 million per season that he’s asking. He’d be smart to work out a long-term deal for around $8 million a year and stay in New York, but with some of the strange contracts we’ve seen this summer despite the terrible economy, his camp is still holding out for a big payday.

7/28 Update: The New York Post reports that no deal is imminent for Robinson.

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