Here’s The Knicks’ Salary Situation

Thanks to Mark Deeks at ShamSports, I don’t have to do a bunch of number crunching. A few days ago, he released the salaries for the New York Knicks.

These are all the salary commitments for the 14 players with guarenteed deals, as well as the money that the team still has on the books for Renaldo Balkman. These numbers peg the Knicks at $78,242,577, before an additional player will make the roster. With that said, the Knicks will be at least $7,935,577 over the luxury tax threshold, and since this is year one, they’ll be subject to paying a $7,935,577 tax.