The Knicks led by 19 points in the first half, by 11 inside the seven-minute mark and were still ahead by four with just four minutes left before they got smacked in the face by Davis and company. The Pelicans ran off a late 8-1 run and handed the Knicks their fourth straight loss in a 129-124 Friday shootout at Smoothie King Center. After the defeat, Trey Burke lit a fire in the locker room by saying his club seems content to be in close games instead of trying to win them and the players hang their heads when things go south.
No one can say the Knicks have been exactly efficient with their spending. In the 10 seasons they paid the luxury tax, New York made the playoffs just twice, and had one series victory to show for it. One of the years the Knicks paid the luxury tax was in 2012-13, when Carmelo Anthony led the league in scoring. Their playoff journey that season ended in the first round of postseason action, an event that was buoyed by the fact Amare Stoudemire cut his hand following a Game-2 defeat and had to play the rest of the series with a bandaged arm. Fun fact: the Knicks are the only team in the Top-18 of this list with a losing record in their luxury-tax years. So teams who spent way less than them also have had far more on-court success.