You can read the whole tawdry tale here. It seems to me that the big problem with the Knicks’ dreams of scoring a top-notch free agent is the existence of the Miami Heat.
The Collective Bargaining Agreements gives guys like Bosh a pretty strong incentive to resign with the teams that already employ them. But if you’re not going to do that, then if you have responsible people working for you (admittedly an open question) they’re going to point out to you that a contract in Miami will result in substantially more after-tax income than an identical column in New York. And Miami has Dwyane Wade and basically nothing else on the books for the summer of 2010. Combine that with the fact that Pat Riley, loathesome as he is, and Heat management have some kind of track record of success, and you can see that looking like a very appealing options. The Knicks, to put it politely, have no such track record. It’s true that there’s some marketing advantage to being in New York City, but the biggest marketing edge of all is contending for championships and Miami seems like a better place to do that.