Asset Depreciation Receipt
Knicks Front Office — Internal Valuation Desk
“the Front Office issues a receipt. you supply the box score.”
Type three of any player's worst games and a name. The receipt depreciates the Brooklyn haul against the stat line, in real dollars, in real time. Knick fans first; everyone else welcome to remix.
Sample receipts
static examples — Bridges / LeBron / KAT
NEW YORK KNICKS FRONT OFFICE
ASSET DEPRECIATION RECEIPT — INTERNAL USE
ISSUED: APR 26 2026
DOC#: ADR-042626-BV0SUP
COUNTERPARTY: BROOKLYN NETS (CREDITOR OF RECORD)
PREPARED IN ACCORDANCE WITH KNICK GAAP (UNAUDITED)
LINE ITEMBOOK VALUE (USD)
- 2025 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$42,000,000
- 2027 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$46,000,000
- 2028 1ST RD PICK SWAP RIGHTS — REMITTED TO BKN$18,000,000
- 2029 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$50,000,000
- 2031 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$54,000,000
- BOJAN BOGDANOVIC — RETIRED IN TRANSIT$1
- 4-YEAR EXTENSION — AMORTIZED CONTRACT LIABILITY$150,000,000
GROSS ACQUISITION COST (GAC)$360,000,001
VENDOR ID: MIKAL-BRIDGES-2024
ASSET DESIGNATION: Mikal Bridges
ALSO TRADING AS: "5 FIRSTS" / "MR. FIVE FIRSTS" / "THE WARDEN"
EVALUATION PERIOD: 3 GAMES (USER-PROVIDED)
LEDGER — ITEMIZED LOSSES
- EVAL #10 PTS / 0-3 FG / 21 MINREALIZED LOSS$19,065,000RUNNING NAV$340,935,001↳ WRITE-DOWN. SEE COUNTERPARTY: BROOKLYN.1EVAL #10 PTS / 0-3 FG / 21 MIN$19,065,000$340,935,001↳ WRITE-DOWN. SEE COUNTERPARTY: BROOKLYN.
- EVAL #24 PTS / 1-8 FG / 28 MINREALIZED LOSS$16,860,000RUNNING NAV$324,075,001↳ FIVE FIRSTS. ZERO POINTS. 28 MINUTES. OKAY.2EVAL #24 PTS / 1-8 FG / 28 MIN$16,860,000$324,075,001↳ FIVE FIRSTS. ZERO POINTS. 28 MINUTES. OKAY.
- EVAL #32 PTS / 1-5 FG / 19 MINREALIZED LOSS$11,835,000RUNNING NAV$312,240,001↳ IMPAIRMENT EVENT — RECOGNIZED THIS PERIOD3EVAL #32 PTS / 1-5 FG / 19 MIN$11,835,000$312,240,001↳ IMPAIRMENT EVENT — RECOGNIZED THIS PERIOD
ACTUARIAL NOTE: Per-unit-of-output cost on this period: $7,960,000 per point produced. Lakers paid one first for Luka. The receipt is provided for context, not consolation.
NET VALUE REMAINING
$312,240,001
STILL ON THE BALANCE SHEET.
NEW YORK KNICKS FRONT OFFICE
ASSET DEPRECIATION RECEIPT — INTERNAL USE
ISSUED: APR 26 2026
DOC#: ADR-042626-90N0SJ
COUNTERPARTY: BROOKLYN NETS (CREDITOR OF RECORD)
PREPARED IN ACCORDANCE WITH KNICK GAAP (UNAUDITED)
LINE ITEMBOOK VALUE (USD)
- 2025 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$42,000,000
- 2027 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$46,000,000
- 2028 1ST RD PICK SWAP RIGHTS — REMITTED TO BKN$18,000,000
- 2029 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$50,000,000
- 2031 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$54,000,000
- BOJAN BOGDANOVIC — RETIRED IN TRANSIT$1
- 4-YEAR EXTENSION — AMORTIZED CONTRACT LIABILITY$150,000,000
GROSS ACQUISITION COST (GAC)$360,000,001
VENDOR ID: LEBRON-JAMES-2024
ASSET DESIGNATION: Lebron James
EVALUATION PERIOD: 3 GAMES (USER-PROVIDED)
LEDGER — ITEMIZED LOSSES
- EVAL #18 PTS / 3-12 FG / 35 MINREALIZED LOSS$16,710,000RUNNING NAV$343,290,001↳ FIVE FIRSTS. ZERO POINTS. 35 MINUTES. OKAY.1EVAL #18 PTS / 3-12 FG / 35 MIN$16,710,000$343,290,001↳ FIVE FIRSTS. ZERO POINTS. 35 MINUTES. OKAY.
- EVAL #211 PTS / 4-18 FG / 41 MINREALIZED LOSS$18,780,000RUNNING NAV$324,510,001↳ WRITE-DOWN. SEE COUNTERPARTY: BROOKLYN.2EVAL #211 PTS / 4-18 FG / 41 MIN$18,780,000$324,510,001↳ WRITE-DOWN. SEE COUNTERPARTY: BROOKLYN.
- EVAL #315 PTS / 5-20 FG / 38 MINREALIZED LOSS$8,400,000RUNNING NAV$316,110,001↳ UNFAVORABLE VARIANCE FROM 30M-WING BASELINE3EVAL #315 PTS / 5-20 FG / 38 MIN$8,400,000$316,110,001↳ UNFAVORABLE VARIANCE FROM 30M-WING BASELINE
ACTUARIAL NOTE: Asset has not missed a depreciation period in 114 consecutive minutes. The Warden clause is held at full carrying value pending review.
NET VALUE REMAINING
$316,110,001
STILL ON THE BALANCE SHEET.
NEW YORK KNICKS FRONT OFFICE
ASSET DEPRECIATION RECEIPT — INTERNAL USE
ISSUED: APR 26 2026
DOC#: ADR-042626-24AS82
COUNTERPARTY: BROOKLYN NETS (CREDITOR OF RECORD)
PREPARED IN ACCORDANCE WITH KNICK GAAP (UNAUDITED)
LINE ITEMBOOK VALUE (USD)
- 2025 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$42,000,000
- 2027 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$46,000,000
- 2028 1ST RD PICK SWAP RIGHTS — REMITTED TO BKN$18,000,000
- 2029 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$50,000,000
- 2031 1ST RD PICK — UNPROTECTED — REMITTED TO BKN$54,000,000
- BOJAN BOGDANOVIC — RETIRED IN TRANSIT$1
- 4-YEAR EXTENSION — AMORTIZED CONTRACT LIABILITY$150,000,000
GROSS ACQUISITION COST (GAC)$360,000,001
VENDOR ID: KARL-ANTHONY-TOWNS-2024
ASSET DESIGNATION: Karl-Anthony Towns
EVALUATION PERIOD: 3 GAMES (USER-PROVIDED)
LEDGER — ITEMIZED LOSSES
- EVAL #124 PTS / 9-16 FG / 34 MINREALIZED LOSS$0RUNNING NAV$360,000,001↳ PARTNERSHIP ACCRETIVE OVER STRATEGIC HORIZON1EVAL #124 PTS / 9-16 FG / 34 MIN$0$360,000,001↳ PARTNERSHIP ACCRETIVE OVER STRATEGIC HORIZON
- EVAL #28 PTS / 3-12 FG / 27 MINREALIZED LOSS$11,190,000RUNNING NAV$348,810,001↳ UNFAVORABLE VARIANCE FROM 30M-WING BASELINE2EVAL #28 PTS / 3-12 FG / 27 MIN$11,190,000$348,810,001↳ UNFAVORABLE VARIANCE FROM 30M-WING BASELINE
- EVAL #331 PTS / 11-18 FG / 38 MINREALIZED LOSS$0RUNNING NAV$348,810,001↳ PARTNERSHIP ACCRETIVE OVER STRATEGIC HORIZON3EVAL #331 PTS / 11-18 FG / 38 MIN$0$348,810,001↳ PARTNERSHIP ACCRETIVE OVER STRATEGIC HORIZON
ACTUARIAL NOTE: Comparable transactions: 1 first for Luka. 1 first for KD. 5 firsts for this period's production. Variance is recognized but not yet impaired.
NET VALUE REMAINING
$348,810,001
STILL ON THE BALANCE SHEET.