2015/16 Salary Cap Update: New York Knicks

The NBA’s salary cap for 2015/16 is set at $70MM, which is good for an 11% increase from last season, and the luxury tax line is fixed at $84.74MM. With the February 18th cutoff date for trades and the de facto deadline of March 1st for buyouts now past, we at Hoops Rumors are in the process of updating the salary cap commitments for each NBA franchise for the 2015/16 campaign. Here’s the cap breakdown for the New York Knicks, whose regular season roster can be viewed here:

  • 2015/16 Salary Cap= $70,000,000
  • 2015/16 Luxury Tax Line= $84,740,000
  • Fully Guaranteed Salary Commitments= $73,867,214*
  • Remaining Cap Room= -$3,867,214
  • Amount Below Luxury Tax Line= $10,872,786

*Note: This amount includes the $75K each owed to Thanasis Antetokounmpo, Wesley Saunders, and Darion Atkins, as well as the $50K owed to Travis Trice, all of whom were waived.

Cap Exceptions Available:

  • None

Cash Available to Send Out In Trades= $3,300,000

Cash Available to Receive Via Trade= $3,400,000

Note: Despite the trade deadline having passed, the NBA season technically doesn’t end until June 30th. Teams are able to again make trades upon the completion of the regular season or when/if they are eliminated from the playoffs, whichever comes later. So these cash limits still apply.

The Basketball Insiders salary pages were used in the creation of this post.

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