Knicks Surpass Nets in Cap Space

[Teletopez]

With Wednesday's moves, a few teams, including the Knicks, joined the collection of franchises in position to offer free agents maximum-value contracts. In all, eight teams are in position to offer max contracts to free agents not currently on their team.

 

By sending Jared Jeffries and Jordan Hill to Houston, New York actually made room for two max players -- $33 million, assuming a $53 million salary cap (as is rumored) and provided the team's own free agents (including David Lee) are renounced.

 

The Nets created cap space long ago, and figures to have roughly $26 million of room this summer -- not quite enough for two max players, but plenty for one plus another solid player. The Clippers joined the club Tuesday by trading Al Thornton to Washington and Sebastian Telfair to Cleveland. Assuming L.A. gets a high draft pick, the Clips figure to have just enough cap space to make a bid for one of the major free agents.

 

So, as of now, that's where the league is: the Knicks and Heat can offer two players max contracts, and the Nets, Clippers, Bulls, Kings, Wizards and Wolves can go after one player each. Of course, the Cavaliers can keep LeBron James at max salary, the Raptors can keep Chris Bosh, and so on. But if there's movement, these teams are in the best fiscal position to make a bid.

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But of course, the Knicks don't have as good a foundation as we do.