Results 1 to 14 of 14

Thread: Houston's NY career likely over

  1. #1
    Member Sollozzo's Avatar
    Join Date
    Jan 2004
    Location
    Indianapolis, IN
    Posts
    14,618

    Sports Logo Sports Logo Sports Logo Sports Logo

    Default Houston's NY career likely over

    Due to a new clause in the CBA, Allan Houston's NY career is likely over.

    I really liked this guy's game. Some called him "soft", but I don't call what he did in 1999 "soft." He burned us and he burned Miami.

    http://www.nydailynews.com/front/sto...p-274983c.html

    Knicks ready Allan tax ax

    Deal will allow $40M savings

    By FRANK ISOLA
    DAILY NEWS SPORTS WRITER


    Allan Houston may want to start pondering a future outside of Madison Square Garden.


    James Dolan

    SAN ANTONIO - A clause in the NBA's new collective bargaining agreement will likely end Allan Houston's career in New York and save James Dolan millions of dollars in the process.

    A person familiar with the negotiations between the league and the players' union told the Daily News the two sides are finalizing a clause that would give teams that pay the luxury tax the option of releasing one player and removing that player's salary from their luxury-tax number.


    The Knicks are expected to take advantage of the one-time only offer and would save approximately $40 million if they waive Houston, the oft-injured shooting guard team president Isiah Thomas has been trying to remove from the roster since last year.


    Houston, 34, who has played in just 70 games over two seasons because of an arthritic knee, is scheduled to earn $39.8 million over the last two years of his contract. If the Knicks cut Houston, they are still obligated to pay his entire salary, and his contract would still count against the salary cap.


    However, the Knicks may be $45 million over the luxury-tax threshold next season and would have to pay a dollar-for-dollar tax. By releasing Houston, who will earn $19.125 million in 2005-06, they would eliminate the same amount that Dolan, the Garden chairman, would have to pay in luxury tax.


    The Knicks are likely to be $45 million to $60 million over the tax threshold in 2006-07, the final year of Houston's $100 million contract. By cutting Houston, Knicks would eliminate $20.7 million from their luxury tax.


    "I think he's gone," said one league executive. "How could they turn that down?"


    Thomas did not return calls yesterday. Five days ago, Houston told The News he "didn't really know" if the Knicks wanted him back.


    "But I don't really think about it," Houston added. "I just think about being fortunate enough to continue to play."


    The source with knowledge of the contract talks between the league and the union said that the clause, which is being called an "amnesty provision," will be included in the new labor deal. The agreement will not be officially finalized until late July. At that time, teams that have to pay the luxury tax will likely be given a window - approximately one month - to exercise the clause.


    There have been rumors of the Knicks and Houston negotiating a buyout, but under the amnesty provision, the Knicks would save more money by releasing him. Of course, the Knicks may first try to convince Houston to retire, which would also be cost-effective while creating an opportunity for them to apply for a medical exception to sign a free agent.


    The Knicks began preparing for life without Houston last summer when Thomas signed free-agent shooting guard Jamal Crawford. They currently own two first-round picks in Wednesday's NBA draft and will likely use one of them to select a guard. The club is even debating whether to either draft or trade for a point guard and move Stephon Marbury to shooting guard.


    Houston's relationship with Thomas soured the moment Thomas broached the subject of retirement. However, Houston's one ace in the hole is Dolan, who signed the shooting guard to the richest contract in franchise history in July 2001. Dolan has a close relationship with Houston and the two have been known to play golf together during the offseason.


    But it's hard to imagine that Houston's ties to Dolan are worth $40 million to the Garden boss. The Knicks won only 33 games last season and haven't won a playoff series since 2000. Houston went out of the lineup for good on Jan. 21 and can't say for sure whether he will be ready for the start of training camp in October.







    DON DOINGS: Former Knicks head coach Don Chaney is a candidate to join Avery Johnson's staff with the Dallas Mavs.


    DOLAN 'EM OUT


    How James Dolan and Knicks will save big time by buying out Allan Houston:


    THE CONTRACT

    Houston is owed $39.8 million over the next two seasons.

    THE WAY OUT

    Under new CBA, Knicks have one-time option to buy out any player. Money still counts against the salary cap, but not luxury tax.

    WHAT THEY'LL SAVE

    With Knicks likely $45 million over cap, they would have to pay a dollar-for-dollar luxury tax. Therefore, cutting Houston would save them $19.125 million next year. In 2007, Knicks will be $45-60 million over cap and will save $20.7M in luxury tax.

    IN THE END

    Knicks save $39.8 million in tax and rid themselves of Houston, who played just 20 games last season.

  2. #2
    Rebound King Kstat's Avatar
    Join Date
    Jan 2004
    Location
    Charlotte, NC
    Age
    32
    Posts
    26,408

    Sports Logo Sports Logo Sports Logo Sports Logo Sports Logo

    Default Re: Houston's NY career likely over

    barring a physical, I could see Houston ending up back in Detroit if the Knicks release him. He's married to Joe Dumars's niece. He'd also look good as an emergency 2-guard on our bench.

    2013 Pacers Digest NBA 2K13 Champion (Xbox 360)

  3. #3
    Banned Fool's Avatar
    Join Date
    May 2004
    Posts
    2,408

    Default Re: Houston's NY career likely over

    Quote Originally Posted by Kstat
    This quote is hidden because you are ignoring this member. Show Quote
    He's married to Joe Dumars's niece.

    When did that happen?

  4. #4
    Member Harddrive7's Avatar
    Join Date
    Jan 2004
    Age
    47
    Posts
    1,162

    Default Re: Houston's NY career likely over

    A show of hands, who thinks that IT Knew that Houston woul dcome off the books with this new CBA arrangement when he inked all of these crazy contracts?

    I think that IT just got real lucky.

  5. #5
    Rebound King Kstat's Avatar
    Join Date
    Jan 2004
    Location
    Charlotte, NC
    Age
    32
    Posts
    26,408

    Sports Logo Sports Logo Sports Logo Sports Logo Sports Logo

    Default Re: Houston's NY career likely over

    Quote Originally Posted by Fool
    This quote is hidden because you are ignoring this member. Show Quote
    When did that happen?
    About 10 years ago.

    2013 Pacers Digest NBA 2K13 Champion (Xbox 360)

  6. #6

    Default Re: Houston's NY career likely over

    Would anyone like to give Allan Houston a shot here in Indy?

  7. #7
    flexible and robust SoupIsGood's Avatar
    Join Date
    Jun 2004
    Location
    Lappy Go Hucky
    Age
    25
    Posts
    17,541

    Default Re: Houston's NY career likely over

    Let's give him Bender's spot.
    You, Never? Did the Kenosha Kid?

  8. #8
    Member Sollozzo's Avatar
    Join Date
    Jan 2004
    Location
    Indianapolis, IN
    Posts
    14,618

    Sports Logo Sports Logo Sports Logo Sports Logo

    Default Re: Houston's NY career likely over

    Quote Originally Posted by MSA2CF
    This quote is hidden because you are ignoring this member. Show Quote
    Would anyone like to give Allan Houston a shot here in Indy?

    Love to.

  9. #9
    Formerly PacerFanInAZ Cactus Jax's Avatar
    Join Date
    Jan 2004
    Location
    Tucson AZ
    Age
    29
    Posts
    3,574
    Mood

    Sports Logo Sports Logo

    Default Re: Houston's NY career likely over

    Like Kstat said, I think he'll end up with Detroit, they need a scoring guard off the bench if they win or not.
    "It's just unfortunate that we've been penalized so much this year and nothing has happened to the Pistons, the Palace or the city of Detroit," he said. "It's almost like it's always our fault. The league knows it. They should be ashamed of themselves to let the security be as lax as it is around here."

    ----------------- Reggie Miller

  10. #10
    Tree People to the Core! indygeezer's Avatar
    Join Date
    Jan 2004
    Location
    Cumberland
    Posts
    14,854
    Mood

    Sports Logo Sports Logo Sports Logo Sports Logo Sports Logo

    Default Re: Houston's NY career likely over

    I wonder...if you pick one of these guys up...what is their price range. Do they fall under the Waiver rules and someone else picks up their salary (I can't imaging anyone agreeing to that!) or at least a protion of it?
    If you get to thinkin’ you’re a person of some influence, try orderin’ somebody else’s dog around..

  11. #11
    Member
    Join Date
    Jan 2004
    Location
    Frankfort, IN
    Posts
    8,892

    Default Re: Houston's NY career likely over

    You can pick him up but it's completely irrelevant. A year ago Knick Docs recommended that he have surgery on his knee to repair it. Houstion said no, he'd rehab it and be fine. 20 limping games later and he was done for the season. Knick docs - different ones now - still think he should have surgery. Houston says no, he's gonna rehab it and be fine.

    The original injury is from three years ago. Pick him up if you want - it won't matter.
    The poster formerly known as Rimfire

  12. #12
    Jesus Shuttlesworth
    Guest

    Default Re: Houston's NY career likely over

    Do you think this is why they got Q-Rich?

  13. #13
    Member
    Join Date
    Jan 2004
    Location
    Frankfort, IN
    Posts
    8,892

    Default Re: Houston's NY career likely over

    Quote Originally Posted by Jesus Shuttlesworth
    This quote is hidden because you are ignoring this member. Show Quote
    Do you think this is why they got Q-Rich?
    IF that trade actually happens, no - he'd play SF and AH is already done.

    The reason we got him in exchange for our best big man would be because Isiah's an idiot.
    The poster formerly known as Rimfire

  14. #14
    Jesus Shuttlesworth
    Guest

    Default Re: Houston's NY career likely over

    You are upset over getting Richardson? Anyways, I thought he was a SG

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •