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"We had the financial flexibility that I don't think any other team in baseball had," he added, alluding to a major payroll reduction the Rangers made last winter.
However, the Knicks will still be far over the cap and almost certainly over the luxury-tax threshold, barring a major payroll reduction.
And the furious pace of payroll reduction by employers during the second quarter suggests his fears are well founded.
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That is more than the combined payroll reductions at automakers, restaurants, hotels and department stores.
For years, payroll reductions there had been resisted more firmly than reform in Detroit.
And this week, his communications director, Chris Mather, initiated an audit of city communications practices with an eye toward further payroll reductions.
Contrary to the policy's intentions, it makes cheaper certain types of payroll reductions, namely those reductions that occur before the law goes into effect.
And before the 2012 season, the Mets underwent one of the largest payroll reductions in baseball history, cutting roughly $50 million from the previous year's total.
About 16,000 workers walked off the job at the largest Brazilian factory of Volkswagen A.G. after talks between union officials and management over payroll reductions reached a deadlock over the weekend.
The New York Transit Museum laid off two full-time and two part-time employees last week as part of required payroll reductions across the Metropolitan Transportation Authority and its agencies, which are facing a financial crisis, said Aaron Donovan, an authority spokesman.
Payroll reductions can only get Lucent so far.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com