This gets complex but here is the bottom line for Knicks fans — you can re-sign Jeremy Lin now and still have your mid-level exception to chase free agents such Steve Nash or Ray Allen this summer.
Remember last week that an arbitrator ruled in favor of the union — who filed on behalf of Lin, Steve Novak, Chauncey Billups and J.J. Hickson — saying that a player picked up off waivers retained his “Bird rights.”
“Bird rights” — named after Larry — are the rights of a team to go over the salary cap to re-sign their own free agents. The league said the language of the new CBA said a player forfeited those rights when waived, the union and the arbiter disagreed.
But the league appealed, and the two sides negotiated toward a settlement. Here is how the league officially defined it.
Under the settlement, the union agreed to limit the scope of the ruling by arbitrator Kenneth Dam in exchange for the league’s agreement to drop its appeal. The rule will now be that players who are claimed from waivers will have the same “Early Bird” rights as if they had been traded, but will not have full “Bird” rights unless they are claimed through the league’s amnesty procedure.
“Early Bird” is what applies to Lin and Novak and is the weaker of the Bird rights, for players who have been with a team two years (it’s more complex and nuanced than that, read about the details at Larry Coon’s CBAFAQ if you want).
Bottom line, this is a win for the players union. Billups was amnestied and claimed via amnesty so he keeps his Bird rights.
And it is a win for the Knicks. They can re-sign Lin and chase a free agent. While they can use the full $5 million mid-level exception to sign a free agent, if they do they likely go over the luxury tax line ($70 million) and trigger a hard cap on themselves at $74 million. More than likely, they only offer $3 million to free agents. However, there are scenarios where the Knicks could shed some salary and keep Lin and a $5 million free agent.
It’s a win for the Knicks to start the summer.
PHOENIX (AP) — The City Council has postponed a vote on a proposed $230 million renovation of the Talking Stick Resort Arena that would keep the Suns in downtown Phoenix.
The council agreed unanimously Wednesday to postpone a decision until Jan. 23 so residents can attend five public meetings to be held around Phoenix to discuss the project.
Suns owner Robert Sarver reportedly threatened to move the franchise to Seattle or Las Vegas if not given enough public funding.
Suns President and CEO Jason Rowley says the organization looks forward to the public discussions and to answering any questions about the proposed renovation.
The deal would revamp the nearly 30-year-old arena, the oldest in the NBA that is not currently being renovated.
The Suns agreed to a 40-year lease in 1992, but the deal included a provision for the team to opt out at 30 years.
Crunch time of a close NBA game is awesome.
It’s exponentially better when nobody calls timeout.
The Celtics and Wizards finished with a flourish tonight, Boston coming out ahead in a frenetic final minute. The last minute included two Kyrie Irving 3-pointers (one tightly contested, one extremely deep) and a sharp drive by John Wall (who had just returned to the game from an injury).
After a flow-killing foul in the final few seconds, the Celtics won, 130-25.
More games should be like this.
The Hornets sure were excited for Jeremy Lamb‘s game-winner against the Pistons tonight.
After Lamb hit a jumper to put Charlotte up two with 0.3 seconds left, several Hornets ran onto the court. Bismack Biyombo was nearly at halfcourt as Detroit tried to inbound! He was so far onto the court, I’m not even sure officials noticed him when dinging Malik Monk – closer to the bench –for the violation.
The Pistons made a technical free throw to cut their deficit to one, but they still had to inbound from under their own basket. Their desperation pass was intercepted, and Charlotte held on for a 108-107 win.
Several Hornets were certainly relieved.
Crazily enough, this isn’t the first time we’ve seen this.
Everyone on the Suns seems frustrated.
In Phoenix’s loss to the Clippers on Monday, T.J. Warren got ejected. And his outburst will cost him extra.
Phoenix Suns forward T.J. Warren has been fined $15,000 for directing inappropriate language toward a game official following his ejection, it was announced today by Kiki VanDeWeghe, Executive Vice President, Basketball Operations.
This wasn’t a lengthy exchange. Warren didn’t linger on the court complaining. He must have said something extremely harsh to warrant two technical fouls and a fine that quickly.
(Despite confusion, the foul preceding the ejection was called on Deandre Ayton, not Warren.)