Here’s a breakdown of where the Knicks currently stand financially:
Guaranteed Salary
- Carmelo Anthony —$24,559,380 [Contract has 15% Trade Kicker//No-Trade Clause]
- Derrick Rose —$21,323,252
- Joakim Noah —$17,000,000
- Courtney Lee —$11,242,000
- Lance Thomas —$6,191,000
- Brandon Jennings —$4,837,318 [Waived by team; $5,000,000 cap hit reduced by setoff]
- Kristaps Porzingis —$4,317,720
- Kyle O’Quinn —$3,918,750
- Mindaugas Kuzminskas —$2,898,000
- Willy Hernangomez —$1,375,000
- Justin Holiday —$1,015,696
- Sasha Vujacic —$980,431 [Actual Salary — $1,410,598]
- Lou Amundson —$980,431 [Waived by team]
- Ron Baker —$543,471
- Maurice Ndour —$543,471
- Marshall Plumlee —$543,471
- Chasson Randle —$143,860
- J.P. Tokoto —$100,000 [Waived by team]
- Chasson Randle —$100,000 [Waived by team]
Total Guaranteed Salary= $102,613,251
Cash Sent Out Via Trade: $0 [Amount Remaining $3.5MM]
Cash Received Via Trade: $0 [Amount Remaining $3.5MM]
Payroll Exceptions Available
- None [Room Exception used to sign Mindaugas Kuzminskas]
Total Projected Payroll: $102,613,251
Salary Cap: $94,143,000
Estimated Available Cap Space: –$8,470,251
Luxury Tax Threshold: $113,287,000
Amount Below Luxury Tax: $10,673,749
Last Update: 3/3/17
The Basketball Insiders salary pages and The Vertical’s salary database were used in the creation of this post.