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Per RealGM.com, Brooklyn owes a bevy of picks to teams around the league over the next few years. Most notably, the Nets will have to swap first-rounders with the Atlanta Hawks in 2014 and 2015, and will also have to surrender their unprotected No. 1 pick to the Boston Celtics in 2016.
Rebuilding through the draft is not an option.
In addition, the Nets are going to pay a historically high luxury tax this season and will also be over the projected salary cap through the end of the 2015-16 season. The only valuable trade asset on the roster just broke his foot for the second time and won't be playing basketball for the rest of the season.
So, I guess you could say the Nets are going to have a rough time cleaning up this mess. If you wanted to be a little more colorful, you could also say "they're screwed."
Still, money is no object for Prokhorov, and his willingness to spend his way out of a hole is actually a positive. There's almost no wiggle room here, but at least the Nets have an owner who'll employ every resource to fix things.
Like Brooklyn, the Knicks will have to give up their first-round picks in both 2014 and 2016 because of trades to acquire Anthony and Bargnani. The only reason they'll retain their 2015 first-rounder is an NBA rule that prohibits trading such selections in consecutive seasons.
So, there's that.
New York's salary-cap situation is bad, mostly because of the money pit that is Stoudemire, Bargnani's $11.5 million salary next year and the inexplicable decision to offer J.R. Smith financial security this past offseason.
Even after Anthony exercises his early-termination option this summer, New York will still just heave a pile of money at him immediately, tying up its finances for another five years if he's foolish enough to accept the offer.
The Knicks are convinced that 'Melo is a star worth the max, a player they can build around. Because of that belief, they'll offer him a ton of money in order to enjoy his decline over the next half-decade. If you haven't yet grasped the notion, New York is basically clueless when it comes to handing out checks.
Brooklyn's books are in worse shape, but the Knicks are sure to botch whatever marginally greater spending room they have.
And have I mentioned that as long as Dolan is calling the shots, there's no hope whatsoever here? I did? Great. Just wanted to be sure.