We still don’t know if Carmelo Anthony will exercise his player option and opt-out of his contract with the New York Knicks, but what we do know is either way, the Knicks will have no cap space going into the 2014-15 season.
Now granted, trades can be made but realistically, there simply isn’t a way the Knicks are going to be able to bring in any additional substantial talent outside of a trade.
In addition to Carmelo’s contract which if opted-in to will pay him $23.3 million, Amar’e Stoudemire is scheduled to make $23.4 million when he exercises his player option to remain with the team. The same can be said for Andrea Bargnani who is scheduled to make $11.5 million next season.
All together, assuming all players exercise their contracts, the Knicks will be facing a payroll of about $90 million. That would put them about $30 million over the cap and outside of Shannon Brown‘s non-fully guaranteed deal and Kenyon Martin‘s expiring contract, the Knicks have no money coming off the books outside of Melo, if he was to opt out. Doing so would still put the Knicks well over the salary cap however.
On the bright side, 2015-16 will be much better for the Knicks as the vast majority of their albatrossian deals expire as they only have $12 million guaranteed at this current moment.