View Full Version : Houston Safe? Knicks May Not Waive H20

08-13-2005, 11:50 AM
Houston Safe? Knicks May Not Waive H20

13th August, 2005 - 5:26 am

New York Post - Allan Houston appears safe, The Post has learned.
The Knicks are expected to let Monday's amnesty deadline pass without waiving Houston, a league official said.

The Knicks are talking about waiving one of four other players in order to take advantage of the NBA's one-time provision and reduce their luxury tax liability. Power forwards Malik Rose, Maurice Taylor and, to a lesser extent, Jerome Williams are in danger. Perhaps the best option being reviewed is waiving the contract of Shandon Anderson, bought out last October.

Yesterday, Knicks president Isiah Thomas and newly hired coach Larry Brown huddled at their Westchester practice campus, partly to discuss their amnesty decision.

Cutting Houston would save the club $39.8 million in luxury tax; when the league included the provision in its new collective bargaining agreement, some even referred to the clause as "The Allan Houston Rule."

The club now believes that Houston, once reluctant to retire, will hang them up if he's not close to being ready by the end of October's training camp.

Houston has told Knicks officials he doesn't want to go through the same ordeal of the past two seasons, missing 92 games, and would consider retirement if he's still not healthy after camp.

Houston's sentiment changed the Knicks' position on how best to proceed. A faction within the organization believes the veteran shooting guard's arthritic knees will not heal enough to allow him to play close to an entire season.

The Knicks would prefer that Houston agree to a medical retirement, which would save them much more than just the luxury tax reduction of the amnesty rule. Houston would get every penny but insurance not the Knicks would pay 75 percent of Houston's $39.8M in salary, minus a 20 percent deductible.

08-13-2005, 01:24 PM
wouldn't be odd if the "Allan Houston" rule was in fact not used on Houstoni/expressions/face-icon-small-smile.gif

08-13-2005, 10:51 PM
What about a trade of Finley for Houston? If he's going to retire then let him retire and settle his contract.

08-15-2005, 08:44 AM
Now Houston is saying that he has no intention of retiring...i/expressions/anim_roller.gif

08-15-2005, 08:48 AM
Originally posted by: Joey
Now Houston is saying that he has no intention of retiring...i/expressions/anim_roller.gif

He's probably trying to force NY into waiving him for the moolah and opportunity to go where he wants to go.

08-15-2005, 09:12 AM
"Allan Houston will NOT be a victim of the 'Allan Houston rule', which allows each team to waive one player and have their salary not count against the team's luxury tax. The Knicks instead are expected to use their selection on Jerome Williams."

08-15-2005, 11:49 AM
Knicks Waive Jerome Williams

15th August, 2005 - 12:43 pm

Knicks Press Release - New York Knickerbockers President of Basketball Operations Isiah Thomas announced today that forward Jerome Williams has been waived as the designated player for the amnesty provision under the NBA's new Collective Bargaining Agreement.

The provision allows a team to release a player and remove his contract amount from the team's salary cap for purposes of calculating the luxury tax. The Knicks will be responsible for the remaining years of Williams'
contract and he is free to sign with another team.

Williams, 6-9, 220-pounds, averaged 4.5 points, 3.6 rebounds and 15.3 minutes in 79 games last season for New York. The 32-year-old Washington, D.C.-native has career averages of 6.6 points and 6.4 rebounds in 587 games for four teams.

Big Boy Laroux
08-15-2005, 01:28 PM
i think the JYD will be able to find minutes somewhere else.

something must be going on with houston. Is he retiring? I mean, the guy is set to make 19 and 20 mil the next two years. JYD was just making 6-7 for the next 3 years.

08-15-2005, 02:44 PM
If he can't play this year, they will retroactively injury retire him from last year, and take both years off the LT payments, and get JYD off the luxury tax payments. At least that is what I am expecting, that they are thinking.