Newsday's Greg Logan is reporting that the Knick's will get some cap relief this year.

The Knicks currently have a $93 million dollar payroll- $16.5 million of those dollars coing from retired players Larry Johnson and Luc Longley. NBA sources confirmed that Longley's $6.9 million dollar salary would be taken off the Knick's cap immediately.

The decision is significant in that the Knicks will likely pay closer to $33 million dollars in luxury tax instead of the currently estimated $40 million.