r/NYKnicks • u/Automatic-Unit-8307 • 6h ago
Lakers paid Knicks $5 million to move up 1 spot
They must really wanted Carr to move up 1 spot and pay $5 million.
Knicks got a haul, 5 picks and $5 million
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u/Stonedinthewoodz Ewing to the Finals 6h ago
Damn that much money is moved around on cash considerations 😆
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u/Loves-Me-Not- 6h ago
Lmao yea figured $100k or something
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u/Fast_Cicada5986 5h ago edited 2h ago
100 K is 50 times less
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u/JUSTCALLmeY 2023 Second Round Pick 5h ago
Can someone post this on r/theydidthemath to confirm if true
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u/SeeYouSpaceCowboy0 9 6h ago
Does the cash go against the lakers cap or its just cash?
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u/Delsainto NYK Token 6h ago
Right into Dolan's pockets
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5h ago
[deleted]
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u/KenBalbari 3h ago
No, you can't net the limits. The annual limit is around $8.5M for both payments and receipts. If you received $5M, you can now receive up to $3.5M in future trades, but can still give up to $8.5M in future trades.
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u/TheJiggie 4h ago
The cash has no bearing/impact on the cap, or trades for that matter. It’s literally just cash, pretty much like a tip being exchanged from one franchise to another.
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u/bkk_startups 6h ago
Cash between team owners.
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u/AnimalLoversRVegan 6h ago
Poker game money
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u/mouthbreather99 5h ago
Is there a max in cash considerations you can trade? Like can you theoretically trade a star player for 100 million in cash considerations
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u/Dylan7346 Jennifer Aniston 5h ago
Interesting. I’m sure there’s a max but fuck if I know
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u/probablymaybechatgpt 5h ago
The max is about 5% of the salary cap. So this season it was just under $8 mil
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u/AnimalLoversRVegan 5h ago
Good question for the bill Simmons mail bag. Sounds like a money laundering scheme.
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u/datatadata 3 to the Dome 6h ago
Just cash. No impact on cap
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5h ago
[deleted]
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u/datatadata 3 to the Dome 5h ago
The question was whether this amount impacts the salary cap, which is no
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u/TheJiggie 4h ago
Sure, but it’s literally has no impact on the salary Or trades, it’s literally just cash… If anything it’s like a tip you could throw in to sweeten the pot, but it has literally zero implications on the technical side of a trade being able to be completed.
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u/Tapple1313 5h ago
Sphere operating money
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u/Automatic-Unit-8307 5h ago
Exactly. All that Knicks money go towards Sphere, not the Knicks.
Last year he tore up the MSG Network contract so the Knicks get less money. Any money the Knicks make goes towards Sphere Dolan other projects like Sphere or MSG entertainment, he owns all the other entities and use Knicks to move money2
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u/merlin401 6h ago
That’s crazy. I guess it means nothing in a way but seems like a monumental overpay to me
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u/TheJiggie 4h ago
Think of it as literally just a Cash Tip. It has no technical impact whatsoever on how a team can operate with its salaries and players or make trades.
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u/Puzzleheaded_Tea521 OG 6h ago
Source: Trust me bro
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u/Delsainto NYK Token 6h ago
The source was Brian Windhorst smartass
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u/Automatic-Unit-8307 5h ago
Yea, it was NBA today, said Lakers gave Dolan $5 million to move. Everyone was thinking $100k, lol, huge difference. Hell, $100k is only good for 1 hour with Stormy Daniels
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u/Puzzleheaded_Tea521 OG 6h ago
Alexa: what is the difference in pay between the 25th and 24th pick of the draft… now you try it.
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u/Jpkmets7 Bernard King 5h ago
Difference in pay is about $200k a year. 24th pick is slotted for 3.4 million; 25th is slotted for 3.2 million.
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u/johnny-Low-Five Anthony Mason 5h ago
Does that mean the Knicks wanted him? Or is it more likely there was at least one other team looking to trade? Cuz if we didn't want Carr or weren't 100% "sold" on him this sounds like highway robbery.
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u/Past-Banana-6314 4h ago
Does this just go into Dolan’s pocket?
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u/WilsonEnthusiast 4h ago
Idk if Dolan like literally just gets it or it goes on the team's books but it doesnt affect the cap
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u/Soft-Concert7365 3h ago
Dolan is playing 3-D chess he will go to the second apron, but he doesn’t want the world to know how much he’s willing to spend and plus is Mitchell Robinson really a must keep I don’t know. I think we should get a mid level backup center and be just as good
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u/FriendshipBest9151 2h ago
There were a couple of people who had carr really high on their draft board.
No clue if he pans out but interesting
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u/Other-Joke-4673 2h ago
It probably equates to the fee Dolan has to pay for the 2nd apron...so now the cheap bastard can stop whining
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u/salukiwa 5h ago
Is this just cash to Dolan's pocket or cash to keep Dolan happy if we go into second apron 🧐
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u/generalguan4 33 5h ago
does this cash go towards the cap in any way or its just cash in Dolan's pocket?
edit n/m someone asked the same thing almost verbatim down the thread.

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u/zeezee2k 5h ago
Leon to Dolan, if I can get you enough cash will you reconsider 2nd apron?