Knicks Won't Waive Allan Houston

Discussion in 'NBA General' started by Shapecity, Aug 15, 2005.

  1. Shapecity

    Shapecity S2/JBB Teamster Staff Member Administrator

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    <div class="quote_poster">Quote:</div><div class="quote_post">Allan Houston, whose name became nearly synonymous with a new rule aimed at unloading expensive players, will be spared when the league's so-called amnesty deadline passes tonight.

    The Knicks had considered waiving Houston to save about $40 million in luxury taxes on his salary, under a one-time option provided by the new collective bargaining agreement. That provision, adopted in July, has been commonly referred to as the Allan Houston rule.

    But in a curious twist, the rule will not claim its namesake as a victim. Instead, the Knicks will waive a spare power forward, either Jerome Williams or Malik Rose, sometime today, said a basketball official who was briefed on the decision. The person required anonymity to avoid jeopardizing relations with team officials.

    A second person briefed on the discussions, who required anonymity for the same reason, said that Williams was the probable amnesty target. Williams is owed about $19 million over the next three seasons; waiving him would save the Knicks an equal sum in luxury tax payments.</div>

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  2. Miami Flash City

    Miami Flash City JBB All Day

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  3. Bahir

    Bahir User power factor: ∞

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    This is the news section. News will be posted here.


    On topic: Since I dont know much about Allan Houston, is he worth keeping or are they hoping to trade him? Would any team accept that high salary (Atlanta perhaps)?
     

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