Jigga Posted October 17, 2005 Share Posted October 17, 2005 According to ESPN radio, Knicks guard Allan Houston is hanging 'em up. Guess it was smart for the Knicks to NOT use the amnesty of Houston. Saw this nugget on the Newsday website:Because insurance typically covers 75 to 80 percent of a player's contract under such circumstances, the Knicks would recoup roughly $30 million of the $40 million in salary they still owe Houston for the next two seasons if he can't make it through training camp. They'd also be spared another $30 million or more in luxury taxes they're due to pay. Link to comment Share on other sites More sharing options...
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