New York Knicks: By The Numbers
The NBA salary cap for the 2006-07 season is $53.135 million.
The "luxury tax" for the 2006-07 season is set at $65.42 million. Teams above this level pay a dollar-for-dollar tax on every dollar by which they exceed the threshold.
The New York Knicks team salary for 2006-07 is a league-record $141,666,359.
The Knicks are $76,246,359 above the tax threshold and will pay a luxury tax of $49,102,609 (Note: This represents less than a dollar-for-dollar tax because the team received tax relief by releasing Jerome Williams before last season under a one-time exception known – ironically - as the “Allan Houston” rule. The team also received tax relief when Allan Houston was deemed medically unfit to continue playing and retired).
The Knicks total payroll this season (including luxury tax) will be a league-record $190,768,968.
The Knicks will pay $62,295,250 this season to five players who are no longer on the roster: Allan Houston ($20,718,750 of which some - or all - may be covered by insurance), Jalen Rose ($16,901,500), Maurice Taylor ($9,750,000), Shandon Anderson ($8,500,000) and Jerome Williams ($6,425,000).
The Knicks will pay 49% of their total payroll (including tax), or $93,322,218, for the 14 players who will be in uniform on opening night.
The Knicks will pay 51% of their total payroll (including tax), or $97,446,750, for the five players who will NOT PLAY A SINGLE GAME for them this season ... but might play against them while still collecting a paycheck from the Knicks.
The "luxury tax" for the 2006-07 season is set at $65.42 million. Teams above this level pay a dollar-for-dollar tax on every dollar by which they exceed the threshold.
The New York Knicks team salary for 2006-07 is a league-record $141,666,359.
The Knicks are $76,246,359 above the tax threshold and will pay a luxury tax of $49,102,609 (Note: This represents less than a dollar-for-dollar tax because the team received tax relief by releasing Jerome Williams before last season under a one-time exception known – ironically - as the “Allan Houston” rule. The team also received tax relief when Allan Houston was deemed medically unfit to continue playing and retired).
The Knicks total payroll this season (including luxury tax) will be a league-record $190,768,968.
The Knicks will pay $62,295,250 this season to five players who are no longer on the roster: Allan Houston ($20,718,750 of which some - or all - may be covered by insurance), Jalen Rose ($16,901,500), Maurice Taylor ($9,750,000), Shandon Anderson ($8,500,000) and Jerome Williams ($6,425,000).
The Knicks will pay 49% of their total payroll (including tax), or $93,322,218, for the 14 players who will be in uniform on opening night.
The Knicks will pay 51% of their total payroll (including tax), or $97,446,750, for the five players who will NOT PLAY A SINGLE GAME for them this season ... but might play against them while still collecting a paycheck from the Knicks.
Labels: basketball
By: ace | permalink | 
1 Comments:
James Dolan is throwing Isiah Thomas a 3-Year
Anniversary Party, and you're invited!
RSVP Online:
http://www.iloveisiah.com/
Enjoy!
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