When is a story about minor salary cap details a major story? When it involves the Knicks, that's when!
An arbitrator has sided with the players union in allowing players claimed off waivers to count under "early Bird rights" (via the New York Times). In short, this means that the Knicks can be permitted to comfortably sign Jeremy Lin or Steve Novak, both of whom have been claimed off waivers. As the New York Times puts it:
The ruling means that both Lin and Steve Novak of the