October 20, 200520 yr http://sports.yahoo.com/nba/news;_ylt=AtA0...ov=st&type=lgns Isaiah Thomas is bailed out of yet another big contract.
October 20, 200520 yr QUOTE(knightni @ Oct 20, 2005 -> 12:33 PM) http://sports.yahoo.com/nba/news;_ylt=AtA0...ov=st&type=lgns Isaiah Thomas is bailed out of yet another big contract. He's still owed all that money. As the face of the franchise at the time, Houston was signed to a six-year, $100 million contract in August 2001. He is still owed nearly $40 million through 2007, including $19.125 million this season. As part of the new collective bargaining agreement, teams were allowed this summer to waive one player whose salary would not count against luxury tax computations. It was called the "Amnesty Rule" but became known as the "Allan Houston Rule." However, the Knicks were hopeful that Houston could return and instead waived forward Jerome Williams, saving approximately $20 million in luxury tax payments over the next three years.
October 21, 200520 yr But it doesn't count against the cap. That means the Knicks save tons of cash on the luxury tax and have a little bit more flexibility.
October 21, 200520 yr QUOTE(nitetrain8601 @ Oct 21, 2005 -> 01:29 PM) But it doesn't count against the cap. That means the Knicks save tons of cash on the luxury tax and have a little bit more flexibility. So what, Isiah can give a max contract to Latrell Sprewell?
October 22, 200520 yr QUOTE(DBAH0 @ Oct 21, 2005 -> 10:15 AM) So what, Isiah can give a max contract to Latrell Sprewell? Nope, the Knicks don't like him. What's Paul McPherson doing these days?
October 22, 200520 yr QUOTE(nitetrain8601 @ Oct 22, 2005 -> 02:46 PM) Nope, the Knicks don't like him. What's Paul McPherson doing these days?
October 23, 200520 yr QUOTE(nitetrain8601 @ Oct 22, 2005 -> 02:46 PM) Nope, the Knicks don't like him. What's Paul McPherson doing these days? Bicep curls?
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