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Things couldn't be going better for the New York Knicks right now. They are NBA champions, they've proved their doubters wrong and they've been paraded through the streets of New York City and given keys to the city while their fans celebrate a 53-year championship drought ending.
It took contributions from the entire team to get to this point and the chemistry of this Knicks' roster has not only been crucial, but one of the most celebrated aspects of the team and their success.
Now that the offseason approaches though, there is an issue that arises and that's to do with the finances required to actually keeping that team together and based on recent comments from Knicks owner James Dolan, keeping the team together could become an issue.
Dolan recently appeared on the Craig Carton Show and shared some insight into what the organization's mindset is going into the offseason and what financial limits he as the owner will be putting on the Knicks' moves in free agency.
"If we could bring back the whole team exactly as it is, why wouldn't you? But I don't know if we'll be able to," Dolan said. "I'll write as big of a check as possible, but I can't write a check that goes into the second apron."
Aprons in the NBA are financial thresholds designed to increase competitiveness in the NBA and apply penalties to teams that exceed the luxury tax and salary cap thresholds.
There are two aprons and for a team to exceed both of them means that they'll be unable to use certain financial benefits like mid-level tax player exemptions and eventually losses in draft picks and the ability to do sign-and-trade deals.
New York Knicks centers Mitchell Robinson and Karl-Anthony Towns take selfies with the Larry O'Brien championship trophy and the eastern conference finals trophy during a ceremony at New York City Hall after the championship parade. Brad Penner-Imagn Images
The Knicks do have a number of players that will be under contract for the future like the entirety of the championship-winning starting five, but there are several key role players from this season's roster that will be up for free agency and based on how they played in the playoffs, will likely look for a bigger pay day.
The two players that come to mind are Landry Shamet and Mitchell Robinson.
Robinson made nearly $13 million this past season and will likely look for another multi-year deal in that yearly salary range. That should be expected by the Knicks, but considering Dolan's comments it puts into doubt if the team would be willing to pay that price for Robinson.
Shamet experienced a breakout in the playoffs, putting on a crucial three point shooting performance in both the Eastern Conference Finals and the NBA Finals. He made near the veteran minimum this season and with the spotlight that's been put on him, Shamet will likely look for a much bigger pay day.
Keeping this Knicks team together after a historic championship run would be in the Knicks' best interest, but based on Dolan's comments, they may be held back by the finances involved in making that happen.
Continue reading...
It took contributions from the entire team to get to this point and the chemistry of this Knicks' roster has not only been crucial, but one of the most celebrated aspects of the team and their success.
Now that the offseason approaches though, there is an issue that arises and that's to do with the finances required to actually keeping that team together and based on recent comments from Knicks owner James Dolan, keeping the team together could become an issue.
Dolan's Limits
Dolan recently appeared on the Craig Carton Show and shared some insight into what the organization's mindset is going into the offseason and what financial limits he as the owner will be putting on the Knicks' moves in free agency.
"If we could bring back the whole team exactly as it is, why wouldn't you? But I don't know if we'll be able to," Dolan said. "I'll write as big of a check as possible, but I can't write a check that goes into the second apron."
Aprons in the NBA are financial thresholds designed to increase competitiveness in the NBA and apply penalties to teams that exceed the luxury tax and salary cap thresholds.
There are two aprons and for a team to exceed both of them means that they'll be unable to use certain financial benefits like mid-level tax player exemptions and eventually losses in draft picks and the ability to do sign-and-trade deals.
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New York Knicks centers Mitchell Robinson and Karl-Anthony Towns take selfies with the Larry O'Brien championship trophy and the eastern conference finals trophy during a ceremony at New York City Hall after the championship parade. Brad Penner-Imagn Images
The Knicks do have a number of players that will be under contract for the future like the entirety of the championship-winning starting five, but there are several key role players from this season's roster that will be up for free agency and based on how they played in the playoffs, will likely look for a bigger pay day.
Who Could Go?
The two players that come to mind are Landry Shamet and Mitchell Robinson.
Robinson made nearly $13 million this past season and will likely look for another multi-year deal in that yearly salary range. That should be expected by the Knicks, but considering Dolan's comments it puts into doubt if the team would be willing to pay that price for Robinson.
Shamet experienced a breakout in the playoffs, putting on a crucial three point shooting performance in both the Eastern Conference Finals and the NBA Finals. He made near the veteran minimum this season and with the spotlight that's been put on him, Shamet will likely look for a much bigger pay day.
Keeping this Knicks team together after a historic championship run would be in the Knicks' best interest, but based on Dolan's comments, they may be held back by the finances involved in making that happen.
Continue reading...
