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Yesterday, New York Knicks shooting guard Allan Houston announced his retirement after 12 years in the NBA. With the Knicks for 9 seasons, Houston retires as fourth on the Knicks' all-time scorer list, ranks 2nd in all-time three-pointers with the team, and as a career 40.2% three-point shooter. Houston, 34, has had knee troubles for several years and has seen limited action in the last two seasons, playing only 70 games. Pressing to return after surgery on his right knee, Houston injured his left knee, ending his season after only 50 games during the 2003-04 season.
In recent years, Houston was booed at Madison Square Garden after signing a six-year, $100.4 million contract, but he never let the fans get him down, "The fans of New York were unbelievable. I want to thank the fans for not only supporting me, but challenging me." The Times reports that Houston will remain with the Knicks in some capacity, which has yet to be announced.
It doesn't look like Houston's retirement will help the Knicks with the salary cap, but depending on how the league looks his injury, it's possible that his salary will be excluded from the luxury tax. The Knicks are responsible for Houston's $39.8 million over the next two years.
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It's about f-in time! Selfish bastard knew he wouldn't make it, and should have done this before the season started. Now if jimmy dolan only croaks from his open heart surgery (did they actually find a heart in there to work on?) then we'll be 2 for 2!
If I was the insurance co. I would start a fraud investigation. Conspiracy to commit fraud- which is what this whole deal stinks of. But I second Oscar- about f-ing time.
I think they had this retirement planned the whole time. I mean why didnt they cut him when the Allen Houston rule went into effect.
Oscar, the season hasn't started. In any case, it doesn't seem like he was ever part of Isiah's plans as they already have an adequate rotation at the perimeter positions (Marbury/Robinson/Crawford/Q/Ariza).
Stephen - Absolutely. Which is why it made sense to cut Jerome Williams under the amnesty rule since insurance covers 80% of the salary, saving the Knicks some serious cash even if the NBA doesn't grant any luxury tax relief.
NYT:
"Houston retired for medical reasons - a chronic knee injury - so the N.B.A.'s insurance carrier will pay 80 percent of his remaining salary, or $32 million over the next two seasons. The Knicks will pay the other $8 million."