If so, that would explain the incompetence and rewarding for failure coming from New York.
The Knicks are five games below .500 in the incredibly weak Eastern Conference despite a team payroll of over $139 million (the next highest is Dallas at $92 million). They have no pick in this year's draft because they gave it to Chicago in the Eddy Curry trade. The organization has been a disaster since Zeke took the job, yet he's been "rewarded" a contract extension by the Knicks!
As a Raptors' fan, I'm thrilled. That's one less team we have to worry about as they are clearly destined to years of misery with Thomas at the helm.
For those calculating at home, the Knicks' 29 wins have cost them $4.8 million dollars each when you divide their wins from their '06/'07 payroll, and that doesn't include the luxury taxes they're paying for blowing out the cap.
And, this year they're still on the hook for Allan Houston and Jerome Williams... yes, the Junkyard Dog's salaries. They got $16 mill tied up to Jalen Rose who's playing in Phoenix, and they still have Marbury for two more years after this at $20 mill next year and $21 the year after. Steve Francis is still under contract for the next two years as well at $16 mill and $17 after that.
Their team salaries in contract commitments over the next few years is as follows: 07/08 = $86.9 million, 08/09 = $86.2 million, 09/10 = $41.2 million and 10/11 = $28.2. And that's assuming they don't pick up Garnett or Wince Carter, both of whom Isiah wants.
No cap flexibility until 2009, and he's been rewarded for this mess?! Talk about low expectations from ownership! I somehow suspect Richard Peddie runs that team too.
I'd hate to be a Knickerbockers fan today.
The Knicks are five games below .500 in the incredibly weak Eastern Conference despite a team payroll of over $139 million (the next highest is Dallas at $92 million). They have no pick in this year's draft because they gave it to Chicago in the Eddy Curry trade. The organization has been a disaster since Zeke took the job, yet he's been "rewarded" a contract extension by the Knicks!
As a Raptors' fan, I'm thrilled. That's one less team we have to worry about as they are clearly destined to years of misery with Thomas at the helm.
For those calculating at home, the Knicks' 29 wins have cost them $4.8 million dollars each when you divide their wins from their '06/'07 payroll, and that doesn't include the luxury taxes they're paying for blowing out the cap.
And, this year they're still on the hook for Allan Houston and Jerome Williams... yes, the Junkyard Dog's salaries. They got $16 mill tied up to Jalen Rose who's playing in Phoenix, and they still have Marbury for two more years after this at $20 mill next year and $21 the year after. Steve Francis is still under contract for the next two years as well at $16 mill and $17 after that.
Their team salaries in contract commitments over the next few years is as follows: 07/08 = $86.9 million, 08/09 = $86.2 million, 09/10 = $41.2 million and 10/11 = $28.2. And that's assuming they don't pick up Garnett or Wince Carter, both of whom Isiah wants.
No cap flexibility until 2009, and he's been rewarded for this mess?! Talk about low expectations from ownership! I somehow suspect Richard Peddie runs that team too.
I'd hate to be a Knickerbockers fan today.
