UPDATED…Curry Willing to Accept Buyout?

I thought a buy out stayed on the cap, it just saved owners a bit of money?

Me, as well. The buyout number would stay on the cap, but you could have a million or two extra to spend in a few days.

I was under the impression it was the total number on the cap not the buy out number.

Does it make a difference that Curry has a player option for this season?

Would have, but not now: http://offthedribble.blogs.nytimes.com/2009/12/27/if-curry-wants-out-knicks-can-make-it-happen/

it is a big story if this is a change in plans by Curry, but it does not give us a lot more cap room. the cap savings is the DIFFERENCE between the buyout and the player’s salary for the year. So If Curry accepts a 9M buyout on his 11M salary, it gives the knicks an extra 2M in cap room this summer…. which is nothing special. it’s almost more valuable to keep curry and use his expiring contract at the trade deadline in February as trade bait.

Hey Tommy, you’re confusing a buyout with the opt-out. Like Curry might accept 9 or 10M of the 11.5 he’s owed next year and sign for the vets min somewhere else. That buyout amount will obviously be on the cap.

Didn’t Curry say at one point that he’d only do a buyout if it was for ALL of his money remaining on his contract?

Even if the buyout affects the cap, I’ll be happy just to see that waste of space off this roster. Got my fingers crossed.

This has its positives and negatives. While we’d all love to get rid of Curry and certainly love to open up additional money it would also take away one of our best trade chips. ALso, even if no one would take his attractive contract it would be additional money coming off the books next off-season. Either way to me it would be great to rid the roster of that fat cancer. I’d like to know the trade haul versus the money saved in a buy out to see what the better way to go is. If a trade would be a package for a big talent its one thing. if a trade would be for an okay prospect in the draft it might be better to go with the money to sign a better talent that can help right away. Its a nice problem to have….as long as Curry can actually be moved off this roster one way or another.

They all say that they want it all. Marbury said he wanted it all but took less. Curry is more desperate. If the Knicks can save a significant amount they can more easily resign Lee.

“If the Knicks can save a significant amount they can more easily resign Lee.”

Keep Curry!

Isn’t there another part of this? If curry was to be picked up by another team, the amount they pay him also comes off our amount, doesn’t it?

For example:
We settle with Curry for 9mil. We have 2.3mil extra under the cap. Then, another team gives him a contract of the vet min. Wouldn’t an extra 1mil or so be avail for us?

lol

I dunno.. seems like it might be better to keep his contract for a possible mid-season trade or just to fall off the books after this season. Unless we get a player for just a 1 year deal or something, that extra money might prove to be not worth the contract’s full ability.

Curry sucks. I don’t want to hear anything about him until he nets us some players in a trade or decides to lose 50 lbs and actually be able to stay on the court for more than 3 minutes without injuring himself.

As it stands, everytime his name is brought up it just makes me angry what the Knicks invested in this guy and how he rewarded them with the minimum effort. Curry or Lamarcus Aldridge and Joakim Noah? hmm I don’t know.

+1
Benefits Curry more than it does us.
Plus, what’s the deal here? Is EC assuming that LBJ is going to Chicago and he wants to help LBJ win in Chicago?

Rose, LBJ, Deng, Noah, Curry?

Listen don’t be fooled by all this chatter between lebron and curry. Lebron doesn’t want to play with that guy, he just wwants to know where curry is going so he can do the opposite.

Eddy has to play for his next contract and won’t get on the floor with the Knicks, so this might be best for both sides. Darko got off the Knick ship, played well, and Minnesota wants him back. Looks like a win-win here. There is some stuff on the internet linking him to the Bulls at a veteran’s minimum.

How about this: Knicks will do a buy out under the following conditions:

Curry opts out with the understanding that the Knicks sign him for two years at 5 million each. After that the Knicks do the buy out or trade him. That would net the Knicks 6 million more to the cap for this year.

thats a scary line up noah at his natural 4 position, and lebron and rose geeez id rather keep him hostage then let him go to the bulls unless he just opts out

Right. Keep Curry over Lee. (Eyes rolling.)

Well if they want him they can have him in my book. It isn’t that the guy doesn’t have the talent. He does. But just like most mama’s boys he only does well when he’s at home. So if I was donnie I would buy his a** out today and use the savings to buy a first round pick. That way getting into the first round won’t eat into our cap room.

Its illegal.

The Knicks will have about 2.8M to spend after 2 maxes. If that extra 2M (4.8 total), lands us the player like Kyle Korver, I would do that in a heartbeat.

Yes, but A+ for creativity.

Not so much illegal as unnecessary.

A player and a team can mutually agree to whatever buy-out number they like.

Theoretically (though unlikely) Curry could agree to a 50% buyout, thereby reducing his cap figure by that amount.

Players just don’t often agree to significant buy-out amounts, which is why you so often see people citing buyouts as the full salary minus the veterans minimum.

But there is no RULE dictating that.

As I say, if Eddy Curry wants out badly enough, he could under CBA rules accept ANY buyout amount worth it to him.

Damn, these NBA rules don’t give teams room to maneuver. If that’s the case, then I would not buy him out. First, he’s more valueable as a trade chip. Second, I would not do him any favors. He’s to blame for not having any trade value and a coach that doesn’t like to play him. I he wants out, he can opt out or offer the Knicks a buy out that’s worth their trouble (in the 7 million range.

It wasn’t the buyout agreement itself that’s illegal, its the fact that they would negotiate a new contract based on a buyout that’s illegal. Then to buy that contract out on top of it is just asking for it. But I will an A for creativity.

I like that. If the knicks can make 4 mil off his shitty contract then we will do some serious damage this offseason, by signing two playes one max (bosh), one near-max (johnson). Then we can dangle the remaining 6 mil at somebody to play center for us. Maybe tyson chandler if he opts out. I know that he is a big though! But if we buy him out before the draft it puts us in a pretty good position.

But the whole point of the idea was to reduce the cap figure by half.

My point is, all that manuevering is unnecessary.

If Eddy Curry would agree to play for $6m this year, he can, very simply and legally, and then go sign for any team in the NBA that would have him.

this is not a jab or anyythiing i would just like to know its possible for curry to play for six million when he as already signed a contract for 11mil? i just cant see something like that being legal thats all.

No offense taken The NBA CBA is pretty hard to get straight.

He can’t play for the Knicks at $6m. But he and the Knicks can mutually agree to buy-out his remaining $11.3m contract for ANY dollar amount.

If Eddy Curry agreed, he could accept a $1m dollar buyout, or $6m, or $9m. It’s entirely up to him (and the Knicks)

Then he’s be free to go sign with any of the other 29 NBA for whatever amount he can negotiate.

People have this impression that buy-outs can only be for the full-contract amount minus the veterans minimum. That’s not a rule, just the usual practice.

As I say, if Curry was HIGHLY motivated to get outta NY, he could accept a buy-out at a significant discount.

http://members.cox.net/lmcoon/salarycap.htm#Q61

In the mid-90′s, Dino Radja accepted just 50% of his remaining contract with the Celtics so he could return him to play in Europe.

Aldridge AND Noah lol.

I’d tell him to accept exactly half in a buyout or he can sit his sack of **** ass on the pine till we trade him or bring him in for choruses of boos in 4th quarter garbaage time. The extra 2 mil is nice, but isn’t he worth more as an expiring in a deal? or am I missing something?

It still seems way more smart to either trade his expiring contract for a useful piece or allow him to be #15 on the roster and rot on the bench until his cap hold comes off our books next off-season in time for Melo.

Here’s a novel idea. If Chicago wants Curry back, how about they give us back a 1st round pick. Afterall, we gave up 2 picks to get him.