Steve Novak is a one-dimensional player, and according to NBA.com's David Aldridge, that one dimension is worth four years, $15 million from the New York Knicks. The Knicks are able to do this because an arbitrator ruled that New York own's Novak's early Bird-rights, permitting New York to exceed the salary cap in pursuit of him.
The instant reaction from many was to laugh or scoff at another Dolan overpay. I disagree, though I can certainly sympathize with the inclination to make fun of Dolan. This is a reasonable deal, especially in a universe where Jeff Green gets $36 million to do...what, exactly?
At least Novak may be the best open three-point shooter in all of basketball. Charles Barkley calls him as much, for what it's worth. Last year, Steve torched the nets to the tune of 47.2 percent on threes. Since he shot five per game, this amounted to a nutty 73.7 percent true shooting percentage. Not bad for a role player.
Considering how Dolan probably lights his cigars with $100 bills, this was not an immense expense for the Knicks. In fact, credit them for being restrained. Novak's 29 and should hold his value. If he delivers anything close to last year's performance, this contract is a bargain.
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