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He could not get his baseball hat to fit over the cap.
Seventeen teams were over the cap but below the tax threshold ($70 million).
Signing Chandler means the Knicks will be over the cap for the next several years.
Mr. Hoffman approved the residency "over the cap," according to the records.
The Knicks are over the cap for at least the next two seasons.
The Heat is over the cap, so it can only offer minimum-salary contracts.
It has the Jets more than $20 million over the cap.
The Knicks are far over the cap and cannot make an amnesty bid.
If correct, they are over the cap by $500,000 this year.
Similar(2)
Nor did they have their "Bird rights," which allow over-the-cap teams to offer maximum contracts.
Cronson is not the only player agent who wonders aloud why the league refers to its over-the-cap signings as "exceptions," when, in fact, they are counted against the luxury tax.
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