News just broke that the arbitrator sided in favor of the NBA Players Association and ruled that players who are claimed off waivers will be granted full “Bird Rights” meaning that these players can re-sign with their current teams for any amount, up to $5 million per season without affecting the salary cap.
This is HUGE news for the New York Knicks, and as a Knicks fan I am rejoicing right now, I have been fearing that the arbitrator would rule the other way in this decision for months. This ruling means that the Knicks will re-sign both point guard Jeremy Lin and sharpshooter Steve Novak without having to use their mid-level exception, making them Knicks a player on the Free Agent market this summer.
The Knicks will now be able to offer their mid-level exception to a plethora of veterans who will be able to help them instantly, some names you will hear floated around will include Phoenix Suns point guard Steve Nash and Boston Celtics shooting guard Ray Allen. The Knicks could also look at players like Lamar Odom, Jason Kidd, Randy Foye or bring back Raymond Felton. There will be plenty of other options available on the market as well, but this is a huge win for Knicks fans everywhere, as the team will clearly be deeper and more talented in 2012.
Welcome back Jeremy Lin, Steve Novak and welcome to the Knicks FREE AGENT!
We’re coming for that shiny new NBA title of yours, LeBron.
Go New York Go New York Go