Cuttino Mobley Is Close to Retiring
By MATT WATSON and FANHOUSE.COM
Updated 10:12 PM EST, Thu, Dec 4, 2008
Cuttino Mobley may be forced to retire before playing a single minute with the Knicks. According to Marc Berman of the New York Post, Mobley could announce the decision as soon as tomorrow. He's been playing with an enlarged heart, and even though he knew about the condition before (he signed a waiver releasing the Clippers of liability before the season) apparently all of his meetings with specialists since the trade prompted him to re-consider the risk.
Because he's retiring for medical reasons, he'll still be able to collect his entire salary, although fortunately for the Knicks, an insurance company will be on the hook for roughly 75% of the balance. Considering Mobley is making $9.1 million this year and $9.8 million next, that's no small chunk of change.
Since the team is going to be saving so much money, it makes you wonder if they'll quit taking such a hardline in Stephon Marbury's buyout negotiations -- quibbling over two million seems silly when you just stumbled into an extra $14 million.
Plus, there's a good chance his retirement will have salary cap implications, as well. If the NBA agrees with the medical assesement, they could wipe Mobley's contract off the salary cap next season, or at least the prorated amount he's owed starting from a year after his last game, which was Nov. 19, 2008. The Knicks will likely still be so far over the cap it won't help them recruit any free agents, but still, every little bit helps them get closer to avoiding the luxury tax.
Copyright FanHouse
First Published: Dec 4, 2008 10:06 PM EST
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