Quote: Originally Posted By deanod on 5/08/2010
That's not what he was saying- the Knicks can keep Lee's Bird Right's for a cap hit of 150% of his previous salary ($7M * 1.5 = $10.5M).
Of course, the issue here is that the Knicks are definitely renouncing Lee- no way they take the cap hit to keep their Plan D of JJ, Boozer, and Lee remotely possible while entirely blowing up Plan A of LeBron and Bosh.
thanks for explaining, I thought the cap hold was 133% (hence my 9 million or so) at 150% it is a little more difficult but still doable. Obviously my point was you just keep his cap hold until you sign the free agents and then use Bird rights to re-sign Lee at something greater then the cap hold.
Of course you are probably correct and the Knicks renounce Lee and go after plan A, but if they were smart about it, they wouldn't renounce Lee at all, go after plan A and if successful, I'm sure Toronto or Cleveland would be happy to take back Lee (and Gallinari) in a sign and trade for Bosh or Lebron. Hell they might even be willing to take Curry with some draft picks thrown in giving NY a shot a MLE type player or two.
I also don't know when they have to renounce players, I think it is before free agency starts, which is what my statement above is based off of, if it isn't, then the Knicks have no reason at all to renounce Lee until they get that second free agent to sign on the dotted line (afterall they can sign one big time player with Lee's cap hold on the books).