State of the Cap: New York Knicks

  By Josh Redetzke 7/6/08 2008/09 New York Knicks Payroll: $96.4 million 2008/09 Estimated Salary Cap: $58 million Roughly $38.4 million over cap The Good The wicked witch of Madison Square Garden is dead! Isiah Thomas was given the boot by new GM Donnie Walsh. As his replacement, Walsh hired Mike D’Antoni to come in…