In a concession to the NBA Players' Association, the deadline for the "amnesty" clause, which will allow teams a one-time exception to waive a player without paying further luxury tax on the player's contract, has been moved up to Aug. 15.
Teams such as the Dallas Mavericks and New York Knicks, who are expected to use the clause -- also known as the Allan Houston Rule -- to waive Michael Finley and Houston to avoid paying future luxury tax on their contracts, will have less than two weeks to make final decisions once the labor deal is implemented Tuesday.
The original deadline was Oct. 1. All 30 NBA teams will now have the right to make one amnesty waiver starting Tuesday at noon ET through Aug. 15. Teams are not required to use this clause and early estimates suggest that less than half of the league's clubs will exercise the option largely because the rule only provides luxury-tax relief, not salary-cap relief.
The Mavericks are trying to trade Finley to keep him out of the Western Conference and to avoid losing him without compensation. If they end up waiving him, a string of playoff contenders, including the Phoenix Suns, San Antonio Spurs, Detroit Pistons, Denver Nuggets, Houston Rockets, Chicago Bulls and Miami Heat, are expected to pursue Finley.
The union argued that an Oct. 1 deadline gave the teams releasing players too much control over their players' futures. The Aug. 15 deadline is early enough to give Finley, Houston and anyone else released via the clause a chance to compete for free-agent dollars long before training camps open Oct. 3.
Via ESPN
General Basketball, Dallas Mavericks, New York Knicks
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Jul 28, 2005 11:45 AM EST
New York Knickerbockers President of Basketball Operations Isiah Thomas announced today that Hall-of-Famer Larry Brown has been named the franchise's 22nd head coach in the team's 59-year history.
Terms of the contract were not disclosed.
"This is a great day for the New York Knicks and our fans," Thomas said.
"Larry Brown is not just one of the best coaches in the NBA today, but in its history. He has made every team he has ever coached a winner, with a legendary approach to teaching and motivating his players. His value to us as a franchise at this time is immeasurable."
"I want to thank Isiah, Jim Dolan and Steve Mills, as well as all the Knicks fans who have given me their best wishes during this time," Brown said.
"There is no bigger stage than Madison Square Garden, and it is a privilege for me and my family to now be part of the organization and to be back in New York."
At various times, Brown seemed to be overwhelmed by the fanfare and attention which consummated a whirlwind courtship by MSG brass since the coach severed his relationship with the Detroit Pistons.
On a few occasions, Brown could be seen releasing a deep breath and when he took the podium after Thomas' gushing introduction, the new Knicks' coach spoke in hushed tones. Also, he looked nervously up at the television monitor above him playing a "Welcome Home" music video which was prepared by MSG's PR department.
Brown, who said that it felt natural to finally return home to the city in which he grew up, told the media that New York would be the last coaching stop on his long NBA journey.
Considered one of the greatest teachers the sport has ever seen, Brown has garnered numerous distinctions over his 33-years of head coaching experience. Inducted into the Naismith Memorial Basketball Hall of Fame in 2002, the Brooklyn, NY-native is the NBA's fourth all-time winningest coach in NBA history with a record of 987-741 (.571), third all-time winningest playoff coach in NBA history with a 100-89 record (.529), 2001 NBA Coach of Year and three-time ABA Coach of the Year.
In 2004, Brown became the first head coach in basketball history to win an NBA Championship and NCAA Championship. In 1988, he coached the University of Kansas to its first National Championship in 36 years and most recently, in 2004, the 64-year-old led the Detroit Pistons to its first NBA title in 14 years.
The press conference was replete with ample praise for the gentlemanly behavior and team-first attitude displayed by former coach Herb Williams as developments unfolded around him.
Via Knicks Press Release
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The deal to bring Larry Brown to New York has been finalized.
On Wednesday evening, the Knicks issued a news release alerting the media to a "major press conference" for noon eastern time on Thursday, at which time Brown will be presented as the team's new head coach.
Less than 10 days after his separation from the Detroit Pistons, Brown is now back in the Eastern Conference and has again accepted a substantial challenge.
He will take charge of yet another reclamation project in trying to turn the Knicks' fortunes around.
Brown has called the New York head coaching position a "dream job" and has a long and successful track record in his storied career.
Via New York Times
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Knicks Jul 2005 Archive
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New York Times | Jul 27, 2005
Larry Brown has agreed to become the Knicks' 22nd head coach. He will earn $10 million to $12 million per year.
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ESPN | Jul 26, 2005
Larry Brown is close to calling Madison Square Garden home. "I wouldn't have met with the owner and with Herb if I didn't think this would move forward," Brown said.
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ESPN | Jul 25, 2005
Larry Brown has been telling the media that he wants to reach out to Herb Williams, the man who last season held the head coaching job that Knicks’ management is now eager for Brown to fill.
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ESPN | Jul 24, 2005
Knicks owner James Dolan of Cablevision met Sunday night with prospective coach Larry Brown, who had wanted to speak first with interim coach Herb Williams.
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NY Times | Jul 21, 2005
Offering Larry Brown the job is viewed as an almost unnecessary formality. The offer is implied, and the Knicks are prepared to give Brown a paycheck that rivals Phil Jackson's.
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Howard Beck/NY Times | Jul 21, 2005
Joe Glass, Brown's longtime agent and friend, said that there was no timeline for Brown to make a decision, but that the process was not expected to take long.
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NY Daily News | Jul 20, 2005
The Daily News said Thomas and Brown could meet as soon as Thursday, and the newspaper said Brown might receive an offer of five years worth between $50 million and $60 million, making him the highest-paid coach in NBA history.
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New York Times | Jul 19, 2005
Larry Brown can take the head coaching job in New York if he wishes. The Pistons didn't want the Hall of Fame coach back and had offered a payoff, Brown's agent, Joe Glass, said Tuesday.
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ESPN | Jul 19, 2005
Larry Brown can take the head coaching job in New York if he wishes. The Pistons didn't want the Hall of Fame coach back and had offered a payoff, Brown's agent, Joe Glass, said Tuesday.
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New York Times | Jul 18, 2005
Could Larry Brown coach the Knicks in 2006-07? Time will tell.
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RealGM.com | Jul 18, 2005
Did Larry Brown sell the Pistons on his desire to stay in Detroit?
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CNNSI | Jul 16, 2005
Sports Illustrated's Ian Thomsen reports that Isiah Thomas might take a run later at Phoenix forward Shawn Marion, whose remaining deal for four years and $63 million could become prohibitive if the Suns retain Joe Johnson and re-sign Amare Stoudemire to max deals.
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ESPN | Jul 14, 2005
Bill Laimbeer has told Isiah Thomas that he no longer wants to be considered for the Knicks' head coaching job, a source involved in the talks told ESPN's Jim Gray.
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Howard Beck/NY Times | Jul 14, 2005
Jerome James, who played the last four seasons in Seattle, agreed yesterday to a five-year deal with the Knicks, according to his agent. Precise terms will not be set until the league completes its new labor deal. But it was expected that James will earn about $5 million in the first year of the contract, and $29 million over five years.
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New York Daily News | Jul 13, 2005
There is no doubt that controversy appears to follow current Pistons coach Larry Brown.
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New York Daily News | Jul 12, 2005
Larry Brown is sticking to his story that if he coaches anywhere next season it will be with the Detroit Pistons.
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North Jersey | Jul 12, 2005
Mark Bartelstein, agent for Celtics free agent Antoine Walker, acknowledged Monday that he and Thomas have talked about some "conceptual" ideas to bring Walker to New York. Bartelstein has acknowledged trying to broker for Walker with other teams, including Sacramento.
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Boston Herald | Jul 12, 2005
Danny Ainge said yesterday that he's found discussions about a sign-and-trade deal for Antoine Walker very interesting.
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New York Daily News | Jul 11, 2005
Could the Detroit Pistons be set to fire Larry Brown? Reports are surfacing suggesting just that. It had been rumored for weeks that the Pistons would look to remove Brown and replace him with Flip Saunders.
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New York Daily News | Jul 10, 2005
George Karl believes the Knicks are doing the right thing by holding out for Larry Brown.
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New York Times | Jul 10, 2005
Herb Williams of the New York Knicks is starting to assemble a coaching staff, an indicator that the Knicks may bring him on as head coach and give up on Larry Brown.
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Newark Star-Ledger | Jul 8, 2005
Isiah Thomas has narrowed his focus to two unrestricted free agents, believed to be big men Stromile Swift and Jerome James.
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ESPN | Jul 6, 2005
Scott Layden, the former president of the New York Knicks and an assistant coach and administrator with Utah, is joining Jazz coach Jerry Sloan's staff as an assistant, the team announced Wednesday.
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Patrick Austin/RealGM | Jul 6, 2005
Chad Ford of ESPN is reporting that the Knicks and Hawks are in discussions about a blockbuster trade involving Stephon Marbury and Al Harrington.
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New York Post | Jul 6, 2005
In a recent interview with the New York Post, Shelly Brown, the wife of Detroit Pistons coach Larry Brown, has said he will not coach in New York.
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New York Post | Jul 6, 2005
Marc Berman of the New York Post has some good news for Knicks fans.
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New York Post | Jul 5, 2005
If Larry Brown remains in Detroit as expected, it is believed the competition for the Knicks helm comes down to Herb Williams Detroit Shock coach Bill Laimbeer.
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New York Post | Jul 4, 2005
New York's pursuit of Stromile Swift, Antoine Walker and Kwame Brown could mean the end for Michael Sweetney in a Knicks' jersey.
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New York Daily News | Jul 3, 2005
According to the New York Daily News, Seattle coach Nate McMillan could be moving closer to finalizing a deal with the Portland Trail Blazers.
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NY Post | Jul 3, 2005
Isiah Thomas said in April that Stephon Marbury was not untouchable. An anonymous agent was quoted yesterday said he thinks the plan is to make him available.
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New York Post | Jul 2, 2005
According to the New York Post a source in the Washington Wizards' front office said GM Ernie Grunfeld fielded a half-dozen calls from teams interested in a sign-and-trade for former first overall pick Kwame Brown, despite his attitude problems during last season's NBA Playoffs and despite his lack of progress throughout his rookie contract.
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New York Daily News | Jul 2, 2005
Isiah Thomas has already set up a meeting with Memphis free-agent Stromile Swift that is set to take place Saturday in New York.
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New York Knicks PR | Jul 2, 2005
New York Knickerbockers President of Basketball Operations Isiah Thomas announced today that center Channing Frye and guard Nate Robinson have been signed to contracts.
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New York Knicks PR | Jul 1, 2005
New York Knickerbockers President of Basketball Operations Isiah Thomas announced today that forward David Lee has been signed to a contract.
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NorthJersey.com | Jul 1, 2005
The New York Knicks have finally sealed the deal sending Kurt Thomas and Dijon Thompson to the Phoenix Suns.
