<blockquote class="twitter-tweet" lang="en"><p>At <a href="https://twitter.com/USATODAYsports">@USATODAYsports</a>: Knicks and Kings agree on a trade - <a href="http://t.co/JCDnNfcUDv">http://t.co/JCDnNfcUDv</a></p>— Sam Amick (@sam_amick) <a href="https://twitter.com/sam_amick/statuses/497112979951742976">August 6, 2014</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
What exactly are the Knicks trying to do? I thought it was a salary dump but I think they took back about the same amount as they sent out.
Acy did pretty well in summer league (yeah I know, summer league) he hit 4-8 threes. Didn't know he had that range. He could be surprisingly productive.
Why? He can shoot the 3P, but he's a poor defender making almost $3 mil. We already have Daniels for a lot less.
The Knicks couldn't get Harden in that hypothetical/bogus trade that Broussard reported on so they got the next best beard. Congratulations New York.
The trade cant be consummated until later this month because Ellington cant be traded with another player. Why would the Kings use the stretch provision on a one year contract though? What use do they have for salary cap space for this season?
The trade CAN be consummated immediately . . . as two separate trades. Trade 1: Wayne Ellington for Travis Outlaw Trade 2: Jeremy Tyler for Quincy Acy Also, the Kings are VERY close to the luxury tax threshold. That's pretty much the only reason to want to use the Stretch Provision here.
All contracts involved are cutable with no guarantees, except for Ellington who will be stretched/cut.
Travis Outlaw's deal ($3 million) is fully guaranteed, and the Knicks apparently agreed to guarantee Quincy Acy's deal ($915k). New York essentially paid over $4 million (in increased payroll and luxury taxes) for Quincy Acy, all while giving up a potentially high second rounder.
The Knicks are hopelessly over the tax this season. I think the "get under the tax" strategy was only in the event that Carmelo walked for nothing.
