Friday, July 6th, 2012 at 9:00 am  |  13 responses

Knicks Expected to Match Jeremy Lin’s $28.9 Million Offer from Rockets

The Houston Rockets set the market value for Jeremy Lin by getting him to agree to an offer sheet yesterday, and the New York Knicks are expected to match by just about every sane person. Per the NY Post: “Jeremy Lin today accepted the Rockets’ backloaded, four-year, $28.9 million offer sheet, and it’s not as poisonous as it could have been. The final year has a team option. The Knicks, ignited by having Jason Kidd agreeing to join their roster and become Lin’s mentor, are expected to match. They officially will be presented the offer sheet July 11 and will have three days. It could take them three minutes. Rockets general manager Daryl Morey presented an offer sheet late on July 4 — calling for $5 million in the first year, $5.2 million in the second year, then backloading the deal with $9.35 million in the third year and $9.35 million in the fourth. The final two years could have gone as high as $15 million each, but the Rockets didn’t come close to the ‘poison pill,’ which would have been a $40 million whopper. The third year of the deal is the only concern for Knicks owner James Dolan because it would put him deep in luxury-tax territory. In the fourth year, the contracts of Carmelo Anthony, Amar’e Stoudemire and Tyson Chandler would have expired. It probably won’t change the Knicks’ thinking in being able to match Landry Fields’ offer sheet if other scenarios don’t pan out. The Knicks fully expect to re-sign shooting guard J.R. Smith for the 20-percent raise they are allowed — making his contract worth $2.8 million. If Kidd comes aboard in a sign-and-trade with Dallas, they will have their $3.09 million taxpayer mid-level available for another guard.”

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  • Sheed

    this is a great idea. match the offer and have him play alongside Jason Kidd. perfect mentor for Lin

  • http://www.slamonline.com/online/nba/2010/10/the-sad-case-of-adam-morrison/ vantot fresnedee

    linsanity will continue next season!

  • pposse

    this guy had a stretch of like 15 games where he played well, then got injured and now he is making 7 mill a year?! does anyone think this guy is getting overpaid?

  • Lee

    Only NYC could use all Lin’s commercial value. If Lin moves to Hou in the end, i’m not sure whether linsanity will go on

  • logues

    pposse: yea as far as how good he is, but at the same time for how much money he brings in he prolly isn’t getting overpaid

  • http://www.soundcloud.com/tray-5 T-Ray

    Cosign logues
    Considering how marketable he is 7 mill a year is too little.

  • cbb_fanatic

    Although I would love to see Lin break out and do his own thing at a different team like the Rockets, mostly because he’s young and I want to see how he mesh with the new draftees, I don’t think he’ll leave the Knicks. For one, I’m not sure, but I think Houston was one of the teams that cut him before. And secondly, with everything he started in New York, if the Knicks match the offer, with them being the ones to actually give him a real chance to prove himself, I think his loyalty is kind of with them. And you guys are right. He brought that team in a lot of money, so, no…he’s not being overpaid at all!

  • sassy

    People need to shut up with these overpaid comments,dude is bringing alotta money for that franchise,i say lets see how he plays for a full season,as from reports dude is workin hard on his game this offseason already,so lets give him a chance hes gonna learn alot from kidd also,so knicks betta match dat offer.

  • http://slamonline.com nbk

    The Knicks probably made money off of Lin already. As in, he is going to sign a $28.9M contract with a team that made all of that money off of him just last year alone. — Ok, they probably didn’t make THAT much off of Lin, but Lin is a cash cow. And James Dolan doesn’t let those walk.

  • http://www.soundcloud.com/tray-5 T-Ray

    Exactly nbk and that is why the Knicks fail time and again. Dolan would rather look at a player as a dollar sign than see if they would be a great fit for a championship caliber team.

  • http://thetroyblog.com Teddy-the-Bear

    in other words, Houston has no point guard thanks to Dork Elvis. What a dumb@ss.

  • http://thetroyblog.com Teddy-the-Bear

    They couldn’t just offer the extra 6 mil to Goran Dragic?

  • Mas

    Can the NYK send Amare to LAL for Gasol? I would work for everyone. Nash gets Amare. Amare gets Nash and Kobe to work the pick and roll. Carmelo get the best passing big in the NBA. Kidd get a Big that can shoot. Works 100% right?