Cap Space
The Joakim Noah deal isn’t unique to Phil Jackson’s reign of terror over the franchise. The Knicks have a history of bad contracts.
Allan Houston (6 years, $100 million) in 2001, the Stephon Marbury trade in 2004, Jerome James (5 years, $30 million) and Eddy Curry (6 years, $56 million) in 2005, and Amar’e Stoudemire (5 years, $100 million) in 2010. The Houston signing was so historically bad it became the brainchild behind the NBA’s current amnesty rule.
https://youtu.be/LN_K49xko2U
According to Yahoo Sports, after the Knicks rescind their free agent cap holds this summer they should have roughly $25-$26 million of cap room to spend. That’s enough to sign one max player for next season.
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Ian Begley of ESPN reported that the Knicks would target point guard Jrue Holiday in free agency. It’s going to take a max contract to pry him away from the New Orleans Pelicans.
New York will target the big name free agents like Chris Paul, Blake Griffin, and Kyle Lowry too.
