Currently, the New York Knicks stand around $5.6 million under the $58 million, league-mandated salary cap. Unfortunately, the roughly $52 million tied up in contracts, only locks down five players for the 2012-2013 season. In order for the Knicks to fill out their roster to 15 players, they’ll have to make some choices, as well as some creative signings.
Amongst many topics that have risen to the forefront during the lockout is that of the perceived competitive advantage that large market has over small markets. If you follow me on Twitter, @AzazNYK, you probably saw my rant disparaging this on Monday. It befuddles me that making the game balanced has become a major hang-up in the CBA negotiations, when if the issue is examined closer, it is evident that smart management trumps everything in the NBA.
Tomorrow (October 4th), the NBA and the NBA Players’ Association will be meeting in what will be the most important meeting to date. This is, presumably, the last time the two sides will be able to meet before having to cancel the start of the regular season
Here is part 2 of Art Rondeau‘s solution to the NBA lockout. Enjoy!
1. The proposed new solution uses a stock market model. Using 57% of Basketball Related Income (BRI) for our example (the percentage that players received in the last CBA) and $100M for the average team BRI (based on data from Hoopshype.com), we break the $57M into $50K “shares”. This comes out to 1,140 shares per team. The $50K share price is an estimate.