The New York Knicks and their All-Star cast aren’t living up to expectations, and the Knicks could be looking to dump one of their superstars and their large salary. There are reports that the Knicks are looking to ship Amar’e Stoudemire and his $23 million salary, potentially to a team that hasn’t used their amnesty clause.
The Knicks have limited options to improve this summer but a move they are expected to make is offering the expiring contract of Amar’e Stoudemire to a team that has not already used its amnesty clause. That team in turn could trade the Knicks the long-term, unwanted contract of an impact player, such as the Pelicans’ Eric Gordon.
There is only one problem with that report, Stoudemire couldn’t be amnestied by another team.
“For a player to be eligible for the Amnesty provision he must be on his team’s roster continuously from July 1, 2011 to the date he is amnestied, without any new contract, extension, renegotiation or other amendment to his contract in the meantime. Players who were waived prior to July 1, 2011 and are still receiving guaranteed salary are also eligible. Teams cannot amnesty players they sign, receive in trade, extend, renegotiate, or otherwise amend after July 1, 2011.”
It doesn’t necessarily mean that Stoudemire won’t be shipped though, but limiting it to a team that hasn’t used their amnesty is incorrect.
Tags: New York Knicks