Originally posted on Knicks Journal  |  Last updated 6/23/12
The arbitrator in the case regarding NBA players' "Bird Rights" surprisingly ruled in favor of the Players Union yesterday, allowing previously waived (and subsequently claimed) players to retain their "Bird Rights" heading into free agency. The ruling marked a big victory for the Knicks, who will look to retain both Jeremy Lin and Steve Novak this summer. As a result of the ruling, the team will also be able to reserve its Midlevel Exception (worth an approximate $5 million) to lure in an outside talent as well. However, because New York's payroll is steadily approaching the $74 million hard cap, as it stands they can only spend about $3 million from the MLE. That is, of course, unless Glen Grunwald finds a crafty way to dump certain players (and their salaries) elsewhere. As Knicks Journal's pal Alan Hahn notes in his exclusive "Knicks Fix" at MSG.com, the Knicks turned heads when they were able to waive Chauncey Billups and trade Ronny Turiaf in order to subsequently b...
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