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25.11.07 1617
The 7 - Basketball - Knicks waive Rose
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It's False
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#1 Posted on 30.10.06 1302.03
Reposted on: 30.10.13 1302.47
Two days before the Isiah Thomas: Head Coach era begins, the Knicks have actually released one of their many, many small forwards.

ESPN.com - NBA - Knicks waive 12-year veteran Rose, buy out contract

And while the deal looks good on paper, since you can't have a team function with so many small forwards, the Knicks are actually PAYING Jalen Rose $16.9 million to sit out the season, which does nothing to solve their salary cap problems. Because actually getting something BACK for him by trading him would just be wacky! THIS is WCW the New York Knicks!

(edited by It's False on 30.10.06 1103)
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JayJayDean
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#2 Posted on 30.10.06 1323.01
Reposted on: 30.10.13 1326.06
If this signals the start of the Jalen Rose: Sideline Reporter era, that that's awesome.
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#3 Posted on 30.10.06 1445.54
Reposted on: 30.10.13 1447.59
You would think that if you are paying him around $17 million he should at least be put through the torture of watching the Knicks play this season.
BigDaddyLoco
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#4 Posted on 30.10.06 1545.14
Reposted on: 30.10.13 1551.21
Jalen Rose ever ending up in this tax bracket is just maddening.
ekedolphin
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#5 Posted on 31.10.06 0502.50
Reposted on: 31.10.13 0503.05
Explain the waiver rule to me if you'd be so kind: Since I doubt that anyone besides the Knicks would be insane enough to pay Jalen Rose $17 million at this point (though in our own defense, he did seem to be the future of the Pacers' franchise at the turn of the century), does that mean Jalen gets paid $17 million for watching the NBA on TV the entire season? Could he sign with another team, and if he does, are they responsible for the $17M, or can he sign a separate contract?
Reverend J Shaft
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#6 Posted on 31.10.06 0757.33
Reposted on: 31.10.13 0759.01
The Knicks bought out his contract, which I believe means that any team can sign him for the minimum, if they so choose (and Jalen goes for it).

I don't think the Pistons would mind having the hometown boy back for the minimum (what is that - a little less than $2 million?). Considering he can go at the 1, 2 or 3, he'd be a great short-term backup.


edoug
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#7 Posted on 31.10.06 1041.51
Reposted on: 31.10.13 1048.42
Just over a million.
http://www.insidehoops.com/minimum-nba-salary.shtml

I have a perverse joy in any thread about the Knicks. It's hilarious how screwed up they are.
DirtyMikeSeaver
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#8 Posted on 31.10.06 1301.34
Reposted on: 31.10.13 1301.39
    Originally posted by ekedolphin
    Explain the waiver rule to me if you'd be so kind: Since I doubt that anyone besides the Knicks would be insane enough to pay Jalen Rose $17 million at this point (though in our own defense, he did seem to be the future of the Pacers' franchise at the turn of the century), does that mean Jalen gets paid $17 million for watching the NBA on TV the entire season? Could he sign with another team, and if he does, are they responsible for the $17M, or can he sign a separate contract?


The article mentioned that they bought him out for $14.5 mill. I believe though his whole salary counts on the cap. He can sign with another team and the Knicks would still have to pay him the $14.5. Remember, last year, the Mavs waived Finley and still had to pay his salary.
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#9 Posted on 1.11.06 0107.41
Reposted on: 1.11.13 0109.46
    Originally posted by Rotoworld
    Rose is scheduled to earn $16.7 million this season and will likely receive $15 million from the Knicks, who also bought out Maurice Taylor's contract last month. The Knicks are still paying off the last year of the contracts for Allan Houston ($20 million), Shandon Anderson ($8 million) and Jerome Williams ($6 million). Ouch. It doesn't sound like Rose will land in Detroit, as he would be guaranteed a small role off the bench with no chance of starting.


That's a lot of money to pay people to not play for you.
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#10 Posted on 1.11.06 0733.15
Reposted on: 1.11.13 0733.21
    Originally posted by Whitebacon
      Originally posted by Rotoworld
      Rose is scheduled to earn $16.7 million this season and will likely receive $15 million from the Knicks, who also bought out Maurice Taylor's contract last month. The Knicks are still paying off the last year of the contracts for Allan Houston ($20 million), Shandon Anderson ($8 million) and Jerome Williams ($6 million). Ouch. It doesn't sound like Rose will land in Detroit, as he would be guaranteed a small role off the bench with no chance of starting.


    That's a lot of money to pay people to not play for you.


Consider the source; this is the Knicks we're talking about.
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