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Knickerbockers currently under contract
Carmelo Anthony: 3 years*, $67.2M remaining ($20.5M for 2012-13)
Amar'e Stoudemire: 3 years*, $65M remaining ($19.9M for 2012-13)
Tyson Chandler: 3 years, $42.3M remaining ($13.6M for 2012-13)
Marcus Camby: 3 years**, $13.2M remaining ($4.6M for 2012-13)
Steve Novak: 4 years, $15M remaining ($4.1M for 2012-13)
Raymond Felton: 4 years***, $14.9M remaining ($3.5M for 2012-13)
Jason Kidd: 3 years, $9.3M remaining ($3.1M for 2012-13)
J.R. Smith: 2 years***, $5.7M remaining ($2.8M for 2012-13)
Iman Shumpert: 3 years, $5.9M remaining ($1.6M for 2012-13)
Kurt Thomas: 1 year, $1.4M remaining ($1.4M for 2012-13)
James White: 2 years**, $1.8M remaining ($854,389 for 2012-13)
Ronnie Brewer: 1 year, $854,389 remaining ($854,389 for 2012-13)
Mychal Thompson: 1 year, $762,195 remaining ($762,195 for 2012-13)
Pablo Prigioni: 1 year, $473,604 remaining ($473,604 for 2012-13)
Chris Copeland/Chris Smith/ Henry Sims/John Shurna/Oscar Bellfield: 1 year****, $473,604 remaining ($473,604 for 2012-13)
Renaldo Balkman (no longer with team): 1 year, $1.7M remaining ($1.7M for 2012-13)
Total Player Salary for 2012-13: $78,880,312 guaranteed, $80,335,527 total
The luxury tax threshold is $70,300,000 for 2012-13, and every $1 spent over that mark incurs a $1 tax. Thus, the Knicks will be spending nearly $9 million in luxury tax.
*Carmelo Anthony and Amar'e Stoudemire have early termination options for the 2014-15 season.
**The final year of Marcus Camby's contract (2014-15) and James White's contract (2013-14) are not guaranteed.
***J.R. Smith has a player option for 2013-14, and Raymond Felton has a player option for 2015-16.
****Copeland/Smith/Sims/Shurna/Bellfield rookie contracts are not guaranteed. They will be competing during training camp to earn a spot on the regular-season roster.