Donnie Walsh

After all that, the Knicks still dodged the luxury tax


The Knicks went from being a money-burning loser to a cost-effective playoff team with two superstars in just a few years under Donnie Walsh. How cost effective? They brought in a second superstar last season in Carmelo Anthony after paying through the nose for Amar’e Stoudemire, and they still dodged the luxury tax. From the New York Post:

Give former Knicks president Donnie Walsh a pat on the back. The NBA announced yesterday its audit for the 2010-11 season is complete and, according to a person familiar with the situation, the Knicks did not pay a luxury tax for the first time since the now-expired collective bargaining agreement was reached in 1999.According to a person debriefed on the audit, the Knicks 2010-11 payroll finished over the salary cap following the Carmelo Anthony bonanza, but finished at $67 million — $3 million less than the luxury-tax threshold.

via Knicks avoid luxury tax –

Naturally Donnie Walsh stepped down after the season because James Dolan wanted more of a commitment from him and they’re still searching for a replacement, but really, things are great!

It’s still pretty notable what has been done to the Knicks. The Knicks used to overpay for a terrible team and now they underpay for a playoff contender, even if they’re not going anywhere without plunking down serious money for a supporting cash. Then again, there’s no telling if the new salary cap will allow them to spend. That’s got to be a concern in these CBA talks for owners like Dolan or the Heat’s Arison. They need to maintain the ability to spend around their superstar players. The Knicks were under the luxury tap this year, which is great for them. But if they want to take a step forward, they need upgrades, which won’t be possible without any room under the new cap.

Unless they rollback salaries. And then things get more and more complicated.

Pelicans signing center Jerome Jordan

Marc Gasol, Jerome Jordan
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Through the first two weeks of training camp, the Pelicans have seen their frontcourt depth decimated by injuries to Alexis Ajinca and Omer Asik, both of whom are out for a few weeks. A deal with Greg Smith fell through after he failed a physical. Now, Yahoo’s Marc Spears reports that they’re signing former Knicks and Nets center Jerome Jordan as a short-term solution:

Jordan has only played 65 games in his career and hasn’t been spectacular, but the Pelicans need a body while their two centers are out. Anthony Davis will spend some time at center, but considering the contracts Asik and Ajinca got this summer, Alvin Gentry clearly plans on playing him at power forward as well, and they need a center to at least fill time before Asik and Ajinca get back.

Kevin Love unsure about opening-night return

Kevin Love
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He’s back in practice with the Cavaliers, but there’s still no clarity on whether Kevin Love will be available for the season opener. Love had shoulder surgery in April after suffering a torn labrum in Game 4 of the Cavs’ first-round series against the Celtics, and doctors initially gave him a timetable of four to six months for a return. The six-month end of that is right around opening night (October 27), but Love still doesn’t know whether he’ll be able to play against the Bulls—although he is hopeful.

Via the Sporting News‘ Sean Deveney:

“I feel pretty good,” Love told Sporting News. “As far as the opener goes, I am not completely sure. I’ll probably get with the doctors and see what they have to say. I know that my six-month post-op is coming up here pretty fast. As far as getting the strength back, getting the range of motion, I feel pretty good, so I am looking forward to getting into some more contact, getting into a rhythm and getting out there as quickly as I can.”

Love has been cleared for 3-on-3 practices, but not yet for 5-on-5. If it were up to him, he’d be back on the court, but he understands he needs to follow the rehab protocol for his injury.

“(Six months is) just a ballpark figure that has generally been thrown out there by anybody who has talked about the rehab process for this kind of an injury,” Love said. “I like to think that I am ahead of the game, but there’s different tests and the due diligence that the doctor will go through and the training staff will go through. So all I can do is go out there every day and attack my rehab and hopefully I will be able to go out there and help these guys as soon as possible.”

At the very least, the Cavs will be without Kyrie Irving (still recovering from knee surgery) and Iman Shumpert (out up to three months with a wrist injury), and probably Tristan Thompson too, unless his contract situation changes unexpectedly. So having Love available would be some much-needed good news. But it’s more important that Love (and everyone else) is healthy for the playoffs. If he’s not ready to play, there’s no need to rush back for an October game.