Also the cap hit for Raptors is averaged over 3 years (i.e. just under $7 million) but if Knicks match they use the annual salaries and they already have $65 million committed for 2014-2015 so almost impossible for them to match and absorb another $10 millon.
Unfortunately year 3 will have Fields on the books at $10M and he will be paid $5M in year 1 and 2.
I think this is overpaying but such is the nature of the restricted free agency game.
True, but who knows what value a $10M expiring contract for a 26 year old SG would have in 2 years from now, should the Raps look to get out of the last year of his contract?
Unfortunately year 3 will have Fields on the books at $10M and he will be paid $5M in year 1 and 2.
I think this is overpaying but such is the nature of the restricted free agency game.
I would probably agree with you, but as pakdawgie pointed out, the cap hit is averaged, so that puts it at about 6.67M per year, which is a little easier to swallow for us. Assuming we get Nash, I suppose this means Jose will absolutely be amnestied, unless we trade him for Nash in a S&T.
Also the cap hit for Raptors is averaged over 3 years (i.e. just under $7 million) but if Knicks match they use the annual salaries and they already have $65 million committed for 2014-2015 so almost impossible for them to match and absorb another $10 millon.
I think by accepting this offer it would also place a hard cap on the knicks at $74M.
My understanding is anyone using the full MLE cannot go beyond $74M in payroll for that season.
According to reports, it's a "verbal agreement". Couldn't Knicks just jump in with as good an offer for a S&T? At what point would this be "locked in"?
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