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Jeremy Lin agrees to terms on offer sheet [Update: Lin officially signs]

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by dachuda86, Jul 5, 2012.

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Rockets2K Clutch Crew

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Oski2005 said: ↑

The luxury tax isn't the only problem. The league punishes teams by restricting their ability to offer MLE contracts.
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this is the part people dont realize....it's about more than just money.

if NY remains over the apron(4M over lux line) they are penalized as follows.

Other than financial penalties, are there restrictions on taxpaying teams?

In addition to the tax payments described in question number 21, taxpaying teams have the following restrictions. Note that most of these restrictions aren't triggered unless the team would be over the "apron" -- the point $4 million above the tax level -- following a signing or trade.

Teams above the apron cannot use the Bi-Annual exception (see question number 25).

Teams above the apron have a smaller Mid-Level exception (see question number 25).

Teams above the apron can offer contracts no longer than three years, while other teams can offer four. The starting salary is also lower (for example, in 2011-12 it is $3 million for teams above the apron, versus $5 million for other teams).

Taxpaying teams can acquire less salary in a simultaneous trade (see question number 81).

Starting in 2013-14, teams above the apron cannot receive a player in a sign-and-trade transaction (see question number 88).

Teams above the apron do not have the same protections under the Gilbert Arenas provision (see question number 44). Under the Arenas provision other teams can offer restricted free agents salaries starting at the Non-Taxpayer Mid-Level exception. If a team with the right of first refusal does not have Early Bird rights to the player and is over the apron, it will have only the smaller Taxpayer Mid-Level exception at its disposal, and cannot match an offer for the full Non-Taxpayer Mid-Level exception.

In addition, taxpaying teams do not receive a distribution from the leaguewide tax fund. However, they do receive a distribution from the escrow fund (see question number 22).
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#801 Rockets2K, Jul 14, 2012

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justtxyank Member

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Yep R2K. This new CBA is going to really hurt teams that flaunt the luxury tax threshold. The not being able to receive a player in sign and trade is one I touched on in the FAQ thread that will need some clarification. What does it mean relative to trading contracts back that match, etc.

#802 justtxyank, Jul 14, 2012
Rockets2K Clutch Crew

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justtxyank said: ↑

Yep R2K. This new CBA is going to really hurt teams that flaunt the luxury tax threshold. The not being able to receive a player in sign and trade is one I touched on in the FAQ thread that will need some clarification. What does it mean relative to trading contracts back that match, etc.
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From the way Coon states it, can not receive a player in a sign and trade period. Now, I dont think that means that they cant sign and trade a player of their own to someone else, just that they cant take one back that has been signed and traded.

#803 Rockets2K, Jul 14, 2012
Pete the Cheat Member

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Rockets2K said: ↑

From the way Coon states it, can not receive a player in a sign and trade period. Now, I dont think that means that they cant sign and trade a player of their own to someone else, just that they cant take one back that has been signed and traded.
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the way I understand it, once you exceed the apron you are essentially subject to a hard cap for the remainder of the year.

the restrictions you and justtx have listed would come back in to play annually until they get back under the apron

#804 Pete the Cheat, Jul 14, 2012
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Pete the Cheat said: ↑

the way I understand it, once you exceed the apron you are essentially subject to a hard cap for the remainder of the year.

the restrictions you and justtx have listed would come back in to play annually until they get back under the apron
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just to clarify, how this applies to S&T is:

Team A is subject to a hard cap. Therefore, they do not have any available cap room to sign the desired player to an offer sheet required for a S&T.

#805 Pete the Cheat, Jul 14, 2012
leebigez Member

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We're talking about jeremy lin people. 26 games of action. If i were the knicks,I would let him go. They probably wont,but he can be the next flip murray.

#806 leebigez, Jul 14, 2012
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leebigez said: ↑

We're talking about jeremy lin people. 26 games of action. If i were the knicks,I would let him go. They probably wont,but he can be the next flip murray.
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It's the the off court value that both teams are taking into consideration. The Roclets actually do need a PG, so they probably do want him more for 'basketball reasons.'

Having Lin's spotlight on the team will also probably be used as a convincing chip in the Dwight Howard Stay in Houston campaign (if we get him).

#807 clutch citizen, Jul 14, 2012

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Rileydog said: ↑

When CP3 becomes a FA after this season, I understand that the Clippers have his Bird rights and can offer him the most.

Do the rules allow the Clippers to SnT CP3 to the Rockets at a max bird rights contract?

I think not, but wanted to know. I ask b/c I am half wondering whether Lin's potential value to a west coast team is high b/c he could recapture Linsanity and on the west coast, that would really, really play well w the massive asian population.

Also, dreamcasting for a minute here -- if we get Howard and if (huge if) CP3 decides he wants to team up with Howard -- perhaps a near Linsanity Jeremy Lin might be pretty good compensation to the Clippers. But that's only relevant if the Clips can SnT him to the Rockets at Max bird rights contract.
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My understanding is that an SnT with max bird rights contract is no longer an option. The player being traded can only receive 4 years with 4.5% raises rather than the 5 years with 7.5% raises. Anyone correct me if I'm wrong please.

#808 onreego, Jul 14, 2012
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onreego said: ↑

My understanding is that an SnT with max bird rights contract is no longer an option. The player being traded can only receive 4 years with 4.5% raises rather than the 5 years with 7.5% raises. Anyone correct me if I'm wrong please.
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You are correct.
Only the home team gets to offer the big deal

#809 Rockets2K, Jul 14, 2012
typhooonn Member

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leebigez said: ↑

We're talking about jeremy lin people. 26 games of action. If i were the knicks,I would let him go. They probably wont,but he can be the next flip murray.
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we are talking about money Mr. leebigez. Essentially nba is a business, period.

#810 typhooonn, Jul 14, 2012
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leebigez said: ↑

We're talking about jeremy lin people. 26 games of action. If i were the knicks,I would let him go. They probably wont,but he can be the next flip murray.
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This is why Les want's Lin and why the nicks will match .. can't blame em

Took this from a knicks forum...

Some quotes found on another site, showing the financial value of Lin (with thanks to Nagel100 on the xscape from elba Knicks site.
"In the last week, the market cap of MSG, Inc., which owns Madison Square Garden and other sports venues, has added $71 million. "Because of Jeremy Lin," Steven Kiel wrote Tuesday, before Lin hit a game winning shot against Toronto, "shares hit a new 52-week high of $32.30. With 62.08 shares outstanding, today's move up of $1.15 means the market thinks Jeremy Lin's weekend success is worth $71.4 million."

"Although Bryant says he “doesn’t even know what Lin has done,” shareholders in Madison Square Garden, Inc., the parent company of the Knicks, do: Since Feb. 4th MSG’s stock price has increased from $29.32 to $31.15 February 10th, or 6%, adding $139 million to the company’s market value. During the same period the S&P 500 has gone up less than 1%"
".According to USA Today, MSG Network has seen ratings increase by 70% since the beginning of the Lin phenomenon. Ratings for the Knicks-Hornets game were 130% higher than for the same game last year -- and ratings drive advertising revenue. According to TiqIQ.com, the average ticket price for a Knicks game on the secondary market catapulted up 33%, from $229 to $304. "
So, from a purely financial viewpoint, Lin's contract is a good deal for Dolan.
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#811 DAROckets, Jul 14, 2012
djohn2oo8 Member

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So when are we sending the offer sheet to NY?

#812 djohn2oo8, Jul 14, 2012
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If we get Lin think how many national televised games we will get next season.

#813 ThisIsOurCity, Jul 14, 2012

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Isn't there a time limit as to how long the Knicks have to match the offer? Lin signed the offer sheet awhile ago. When is he ours or when is he a Knickerbocker?

#814 Dukefan, Jul 14, 2012
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Dukefan said: ↑

Isn't there a time limit as to how long the Knicks have to match the offer? Lin signed the offer sheet awhile ago. When is he ours or when is he a Knickerbocker?
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He signed yesterday. They have 3 days to match.

#815 rezdawg, Jul 14, 2012
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Does anyone know if knicks three days includes or excludes the weekend?

#816 CincyRocket, Jul 14, 2012
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Dukefan said: ↑

Isn't there a time limit as to how long the Knicks have to match the offer? Lin signed the offer sheet awhile ago. When is he ours or when is he a Knickerbocker?
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I think you need to read CF more. All the info is out there.

Lin signed Rockets offer sheet yesterday. Knicks have 72 hours to match.

#817 DreaMac, Jul 14, 2012
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Incarcerated Bob
**BREAKING NBA NEWS**Source: Knicks have officially gave word to Jeremy Lin's agent that they are matching #Rockets 3 year offer sheet #DONE

#818 Sooner423, Jul 14, 2012

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Sooner423 said: ↑

Incarcerated Bob
**BREAKING NBA NEWS**Source: Knicks have officially gave word to Jeremy Lin's agent that they are matching #Rockets 3 year offer sheet #DONE
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Dumb basketball move.

Dammit.

#819 rezdawg, Jul 14, 2012
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incarcerated bob is hardly a 100% reliable source

#820 vernonmaxwell86, Jul 14, 2012

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