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Jeremy Lin May Head To Houston After Knicks Refuse To Match Offer
For all the talk of re-signing Jeremy Lin for up to “$1 billion,” according to a source, the New York Knicks are going to let the point guard move on to Houston by not matching the offer sheet he signed with the Rockets.
And the one reason is money.
Lin inked three-year deal worth more than $25 million, which are not figures that scare the Knicks. But the way the contract is structured, with Lin receiving $14.8 in the final year of the deal, has made New York back off. If the Knicks were to match the offer, they would also be subject to a luxury tax in the third year, bringing their total out-of-pocket cost for Lin to approximately $30 million in 2014-2015.
That’s a lot for a player who has not proven himself over an entire season, even for the deep-pocketed Knicks.
A source close to the process told ESPN.com that the Knicks received the offer sheet Saturday night, meaning they have until 11:59 p.m. ET Tuesday to match it or let Lin go to the Rockets.
Without saying so specifically, Carmelo Anthony let it be known that re-signing Lin might not be prudent based on how the Rockets’ structured the contract offer of $5 million the first year, $5.225 the second and $14.8 the third.
“It’s not up to me,” he told the New York Daily News. “It’s up to the organization to say that they want to match that ridiculous contract.”
Meanwhile, the Knicks traded for Raymond Felton, who has a contract worth $9 million over three years.
Jared Jeffries, headed to Portland in the sign-and-trade deal that will bring Felton to the Knicks, said, “I never thought they would let (Lin) go.”
Read more at Atlantablackstar.com
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Date Submitted: 7/15/2012 9:05 PM
Posted By: Single In The City
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Carmelo Anthony Calls Jeremy Lin Praise A 'Slap In Face'
 While New York Knicks point guard Jeremy Lin is getting all the love, deserving or undeserving, Carmelo Anthony has found himself in the spotlight for all the wrong reasons.
Anthony is defending the longstanding analysis that he's a selfish player. After the big trade was completed last year for the small forward, the Knicks still find themselves in a dismal situation. During an interview with Stephen Smith, Carmelo spoke of being called a selfish player "That's like a slap in the face. None of my teammates I've ever played with would say that I was a selfish player. Nobody."
Adding, "It's a tough situation. I'm human at the end of the day, so it's like damn, where is this coming from? I know I'm not a selfish player. People around me know I'm not a selfish player. I do everything I can to make people around me understand I'm not a selfish player."
Despite all the attention on Lin, Carmelo said he welcomes the point guard.
"Jeremy Lin was a blessing in disguise for us. He fell down from upstairs for us in the situation that we've been looking for a guy to take over that position. But it's going to take a lot of work, but I'm willing to do it, and we've all got to be willing to do it."
That love only goes but so far, Carmelo told Stephen,
"Of course I want to take the last shot, let's be quite frank: I've been doing for nine years already, and I've made a ton of them."
What do you think of Jeremy Lin?
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Comments(6)
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Date Submitted: 2/16/2012 4:53 PM
Posted By: Single In The City
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