knightni Posted October 20, 2005 Share Posted October 20, 2005 http://sports.yahoo.com/nba/news;_ylt=AtA0...ov=st&type=lgns Isaiah Thomas is bailed out of yet another big contract. Quote Link to comment Share on other sites More sharing options...
greasywheels121 Posted October 20, 2005 Share Posted October 20, 2005 QUOTE(knightni @ Oct 20, 2005 -> 12:33 PM) http://sports.yahoo.com/nba/news;_ylt=AtA0...ov=st&type=lgns Isaiah Thomas is bailed out of yet another big contract. He's still owed all that money. As the face of the franchise at the time, Houston was signed to a six-year, $100 million contract in August 2001. He is still owed nearly $40 million through 2007, including $19.125 million this season. As part of the new collective bargaining agreement, teams were allowed this summer to waive one player whose salary would not count against luxury tax computations. It was called the "Amnesty Rule" but became known as the "Allan Houston Rule." However, the Knicks were hopeful that Houston could return and instead waived forward Jerome Williams, saving approximately $20 million in luxury tax payments over the next three years. Quote Link to comment Share on other sites More sharing options...
nitetrain8601 Posted October 21, 2005 Share Posted October 21, 2005 But it doesn't count against the cap. That means the Knicks save tons of cash on the luxury tax and have a little bit more flexibility. Quote Link to comment Share on other sites More sharing options...
DBAHO Posted October 21, 2005 Share Posted October 21, 2005 QUOTE(nitetrain8601 @ Oct 21, 2005 -> 01:29 PM) But it doesn't count against the cap. That means the Knicks save tons of cash on the luxury tax and have a little bit more flexibility. So what, Isiah can give a max contract to Latrell Sprewell? Quote Link to comment Share on other sites More sharing options...
nitetrain8601 Posted October 22, 2005 Share Posted October 22, 2005 QUOTE(DBAH0 @ Oct 21, 2005 -> 10:15 AM) So what, Isiah can give a max contract to Latrell Sprewell? Nope, the Knicks don't like him. What's Paul McPherson doing these days? Quote Link to comment Share on other sites More sharing options...
SleepyWhiteSox Posted October 22, 2005 Share Posted October 22, 2005 QUOTE(nitetrain8601 @ Oct 22, 2005 -> 02:46 PM) Nope, the Knicks don't like him. What's Paul McPherson doing these days? Quote Link to comment Share on other sites More sharing options...
TheHammer Posted October 23, 2005 Share Posted October 23, 2005 QUOTE(nitetrain8601 @ Oct 22, 2005 -> 02:46 PM) Nope, the Knicks don't like him. What's Paul McPherson doing these days? Bicep curls? Quote Link to comment Share on other sites More sharing options...
WilliamTell Posted October 24, 2005 Share Posted October 24, 2005 He was a good player, nowhere near the salary that he was getting though. Quote Link to comment Share on other sites More sharing options...
bmags Posted October 29, 2005 Share Posted October 29, 2005 oh god, is this a warning about overpaying for the face of a franchise? Quote Link to comment Share on other sites More sharing options...
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