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**USSKittyHawk** · 09-23-2006, 10:41 AM

Quote:

September 23, 2006

Larry Brown is seeking a $53.5-million payoff from the Knicks for firing him after only one season as the team's coach. Along with the $41 million that remained on the original five-year contract he signed last summer, Brown is asking for an additional 25 percent of the original value of the $50-million contract - an additional $12.5 million - as "liquidated damages" as a result of the firing.

That information was revealed Thursday in a 10-Q form filed with the Securities and Exchange Commission by the Knicks' parent company, Cablevision. The Sports Business Journal originally reported the story Friday on the Internet, but Newsday also obtained the 10-Q form, which is a public document.

Commissioner David Stern is expected to serve as an arbitrator between the sides Friday in Manhattan. A decision will not be immediately rendered.

Brown, who considered the Knicks his "dream job," was fired June 22 after a controversial season and was replaced by Knicks president Isiah Thomas. Garden chairman James Dolan reportedly attempted to buy out Brown's contract before he fired him, but Brown declined the buyout. In hindsight, it was to ensure he got the entire amount of the deal.

Under a heading that reads "Contract Disputes," Cablevision says Brown was "terminated with cause pursuant to his employment agreement with the Knicks" and that "in the event that Mr. Brown prevailed, the Knicks could be liable for $41 million pursuant to the employment agreement ... In addition ... Mr. Brown has requested an additional 25 percent of the total compensation as 'liquidated damages,' as well as attorneys' fees."

The section concludes with Cablevision stating its view that "no portion of this amount is owed to Mr. Brown and therefore no provision for any severance cost has been recorded in the accompanying financial statements."

Brown's lawyer, Joe Glass, did not return a phone call for comment. The Knicks declined comment.

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**Coatesvillain** · 09-23-2006, 10:52 AM

This is a damned shame, the Knicks made the right move dumping him.. because good ol' Pound for Pound is making it even more obvious that he was in it for the money.

I really, really hope that Zeke takes this team to the playoffs to give a huge shot to LB's ego.

**Da Grinch** · 09-23-2006, 11:04 AM

this is funny to me , now he wants 53 million for what amounts to the worst coaching i have ever seen .

should every knick that he criticized in the press sue him for slander now?

that number to me is ridiculous.

**BG7** · 09-23-2006, 11:10 AM

Yeah, if I was commisioner, and ended up as arbitrator, I'd give him nothing, he's a whiny little *****.

**Truknicksfan** · 09-23-2006, 07:36 PM

Cause 41 million isnt enough???

There are people working 60 hours a week just to support their family and this ******* is penny pinching on millions of dollars. What a jerk.

**BEEZ** · 09-23-2006, 07:51 PM

This is the same guy thats always talking about do things the right way. This is wrong on so many levels. This is like paying a player who signed a max contract played horribly for one year and then got hurt

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