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how much is williams due? it doesn't mention it in the article i believe...
link
The Knicks are expected to use today's "amnesty provision" not to get rid of their 34-year-old shooting guard, but to release Jerome Williams instead. Malik Rose and Malik Taylor were candidates to be released. The one-time only provision in the new collective bargaining agreement allows teams that are over the salary cap to cut one player and not have to pay the dollar-for-dollar luxury tax on the contract.
Last edited by picnroll; 08-15-2005 at 09:31 AM.
how much is williams due? it doesn't mention it in the article i believe...
Knicks Press Release - New York Knickerbockers President of Basketball Operations Isiah Thomas announced today that forward Jerome Williams has been waived as the designated player for the amnesty provision under the NBA's new Collective Bargaining Agreement.
The provision allows a team to release a player and remove his contract amount from the team's salary cap for purposes of calculating the luxury tax. The Knicks will be responsible for the remaining years of Williams'
contract and he is free to sign with another team.
Williams, 6-9, 220-pounds, averaged 4.5 points, 3.6 rebounds and 15.3 minutes in 79 games last season for New York. The 32-year-old Washington, D.C.-native has career averages of 6.6 points and 6.4 rebounds in 587 games for four teams.
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I believe around $13M over 2 years. I would have dumped Maurice Taylors' 19M if I were the Knicks.
So what does this mean for Malik? Is he safe now?
basically yes, because the knicks used the amnesty clause on williams and you can only use that clause on one player
Oh good! If life has to suck for someone, glad it is the other guy!
Well, good. Rose ending up on the Heat or Suns wouldn't have been good news for the Spurs.
I'd like to the see the Spurs sign the JunkYardDog.
Well, considering he's still going to get paid and could sign with a better team, it might have been the best thing to happen to him.
I can't figure out why Rose was the guy in question in NY...
Rose was the anchor of their defense, and they were giving him starts at 2 positions the end of last season..one of which was SF. Rose had clearly beaten JYD out of the rotation and they make about the same amount of money. Plus Rose has a ton of big game experience.
LB isn't going to waive defensive anchors IMO.
JYD is a good player but he's severely limited on the offensive end...he's basically a SF with absolutely no game away from the basket...
He hustles hard though and for that reason was a big favorite with the fans and his teamates in NY.
I think the Spurs should look into signing him because I think has the perfect body type to match up with a guy like Amare Stoudamire...he's not a bad offensive player once he's close into the basket...The Spurs could move Duncan out further on the court and spell some minutes at SF while Williams picks up some of the quicker PF on D...and he can guard bigger SF's(if you are willing to sacrifice offense).
That's funny, it's called the Allan Houston rule and they aren't even going to use it on him, how's that for irony.
Stern must be saying, "What the Isiah, WHAT THE ?!!!"
Next year the league will introduce a new amnesty rule. It's only eligible for players with first names starting with the letter "A" and who have last names ending in "ouston".
If the Spurs are absolutely desperate for someone with size who could give them spot minutes at the 3 then maybe Williams would be worth a look.
I would love it if rose tried to guard duncan
I'd love it if refuel tried to.
We would go for Williams if we can get Nesterovic out for a SF. I think my old trade idea was good but Williams was released.
'DOG' CALLS IT QUITS
By MARC BERMAN
http://www.nypost.com/sports/knicks/27104.htm
August 17, 2005 -- Jerome Williams is expected to announce his retirement today. Williams will meet this morning with Knicks president Isiah Thomas, who will offer him a job as part-time scout, part-time community relations executive and part-time broadcaster for MSG Network.
Williams, waived under the amnesty clause that saved the Knicks $21 million in luxury tax, has told confidants he doesn't want to pick up and move again to a new city, unless he gets a whopping offer.
The $21 million left on Williams' contract is all guaranteed. The "Junkyard Dog," a fan favorite because of his dogged play, has health issues, including a tendon tear in his foot he played through late last season and knee problems, both of which could require surgery.
Williams was visible doing charity appearances in May and guest commentary for MSG Network. But he's been very blunt with his opinions on the lack of Knick defense and could offend owner James Dolan, who let Marv Albert flee because of his negativity.
Thats suprising....
IMO Williams had some game left.
Wonder why he would quit with a few years left in the tank...
Oh well.
He didn't look injured when I watched him last year...in fact you could tell he wanted more PT but was trying to be a team player.
This guy would have made a good Spur...all of his teamates loved him...whenever he fell(usually giving up his body to make a play) Starbury would be the first guy running over there to help him up...
Well if he needs knee surgery and foot surgery, maybe he just decided it was too hard to try to come back from both.
That's exactly what i was thinking as well.
There is no immediate cap or lux tax savings when someone retires. There's a waiting period of some months after a player plays his last certain amount of games. I could look up the exact numbers but I'm too lazy. 18 months seems like a good guess.
Since Houston's contract ran for so many more years the Knicks will see the benefit if he retires whereas Williams probably didn't have as many years left. If he only had two years left then they might as well waive him now and save the money this year.
Ok, I looked it up. This is the old CBA as far as I know.
51. How do retired players count against the cap?
Any money paid to a player is included in team salary, even if the player has retired. For example, James Worthy retired in 1994, two years before his contract ended. He continued to receive his salary for the 94-95 and 95-96 seasons, so his salary was included in the Lakers' team salary in those seasons. It is at the team's discretion (or as the result of an agreement between the team and player) whether to continue to pay the player after he has retired.
There is one exception whereby a player can continue to receive his salary, but the salary is not included in the team's team salary. This is when a player is forced to retire for medical reasons and a league-appointed physician confirms that he is medically unfit to continue playing. There is a waiting period of two years (if the injury or illness occurred between January 1 and July 1) or until the second July 1 following the injury or illness (if it occurred between July 1 and January 1) before a team can apply for this salary cap relief. If the waiting period expires mid-season (on any date prior to the last day of the regular season), then his entire salary for that season is removed from the team's team salary. For example, Luc Longley suffered a career-ending injury in March 2001. In March 2003, the Knicks were allowed to remove his entire 02-03 salary from their books (and since the luxury tax is based on the team salary as of the last day of the regular season, the Knicks avoid paying any tax on Longley's salary). There is also some luxury tax relief associated with disabled players -- see question number 15 .
If a player retires, even for medical reasons, his team does not receive a salary cap exception to acquire a replacement player.
Jerome Williams Retired, LOL. He really understood the meaning of the amnesty rule, gone and still payed.
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