
ESPN.com's John Hollinger, in a recent
Insider column (sorry), lists the NBA's 25 worst contracts. He breaks them up into four categories: Guys who were already waived, guys who are still stuck with their teams, Knicks, and former Knicks.
Four categories, two of them dedicated to the Knicks alone. I know it's not news to mention that the Knicks have given out some bad contracts, but I find it hilarious that one organization has two entire categories on this list devoted to them. Given their relative (just a game and a half out of that 8-seed, get the parade ready) success lately, it's easy to lose sight of just how bad things are.
This year alone, the Knicks are spending $72.6 million ($36.3 million in salary, equal that on the dollar-for-dollar luxury tax) on guys who no longer play for them. Two are out of the league, one is riding the pine for the Suns, and one, bless his soul, is doing TV work for the Knicks.
And back in the category of current Knicks (of which there are four, Steve Francis, Stephon Marbury, Jerome James, and Malik Rose), the closest any of them are to expiring is two years from now.
Bravo, Knickerbockers. You almost have to sort of begrudgingly respect what they've done ... sure, they've crippled their franchise for years, but at least they picked an ethos -- in this case, massive overspending -- are they remained dutifully committed to it, at all costs.