Knicks · Salary Cap penalty? (page 1)

Lets say that Kidd or Camby decide to retire by some miracle? Are the knicks responsible for their salaries (twds the cap)?

callmened wrote:Lets say that Kidd or Camby decide to retire by some miracle? Are the knicks responsible for their salaries (twds the cap)?

Don't think so.

they are unless there is a reduced buyout or those 2 agree to cancel the contracts

I do believe so, unless they are bought out.

In the Knicks casew they have an 80 mil payroll so it really is a moot point.

callmened wrote:Lets say that Kidd or Camby decide to retire by some miracle? Are the knicks responsible for their salaries (twds the cap)?

don't do anything crazy ned

If a player willingly retires, I have not seen anything that states the team needs to pay them or that the money counts against the cap.

http://www.cbafaq.com/salarycap.htm#Q61

there are exceptions, however: Any money paid to a player is included in team salary, even if the player is no longer playing or has retired.

you seem to have to get a buyout (at reduced $ figure you would hope) or have the retiring player agree to cancel the contract

im no expert so this is for sure my take on it.