Wednesday, November 16, 2011
Check, please? Knicks miss 1st payments
By Ian Begley & Jared Zwerling
No, the check isn’t in the mail.
Normally, the Knicks players would have received their first paycheck of the season on Nov. 15. But not this year.
Due to the ongoing NBA lockout, Knicks players under contract for the 2011-12 season missed a total of $5,273,612 in salary on Tuesday. Under the previous collective bargaining agreement between the NBA Players Association and the league, most players received 1/12th of their salaries on Nov. 15 of each season.
Assuming all of the Knicks were on that payment schedule, Carmelo Anthony and Amare Stoudemire missed out on roughly $1.5 million each. According to CNBC, the average NBA player lost $220,000 on their first paycheck.
Below, we’ve broken down the initial losses for each Knick (in alphabetical order), based on the premise that they would have received 1/12 of their salary on Tuesday. We also assumed players with team and player options returned, but we did not include unrestricted free agents, including Anthony Carter, Jared Jeffries, Roger Mason, Shawne Williams and Shelden Williams.