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

Wouldn't surprise me if Lin is allergic to marshmallows.

 

i can't get over the fact that they are running from this offer sheet...this is comical:grin:

 

So the question is, why not simply decline to match, as opposed to completely restructuring the SnT with an added second rounder + more players like they are doing now.

Bima believes it is because they WILL match. Which makes sense.

BUT, why the hell do they sign Felton then? Also, the NY media is crucifying Lin. Everything to me seems they are distancing themselves from him for a "soft landing". If the Knicks truly intend to match, why not come out and just say it. You can still wait the full 3 days to screw with the Rockets, but at least let it be known, so that Lin isn't further alienated, and so the media would die down instead of creating further divide. If you want him back why let it leak that the organization is pissed at him for going back and asking for more $$$?

Something doesn't add up. Maybe we are all looking too much into it and the Knicks simply don't even know what the heck they are doing themselves.

 

Is Lin the answer? Not 100% sure on that one. Is this a ridiculous amount of money? Hells yes, its moochi $

 

This is interesting and worth a look.
If I shouldn't drop these guys' stuff on CF, please just let me know.

 

At this point, I just want this thing to end. Don't care where he goes. This is like a drama within a drama with the Dwight drama and this. Dramaception.

 

I can't wait, CANNOT WAIT until the "Dragic is better than Lin" people are proven wrong.

You just wait......

 

Seems like Morey did his homework. He recruited Josh Harrellson and Jerome Jordan. J Lin hang out buddies.

 

Alot of folks who left when yao left are coming back out of the wood works again. lol.

 

I suspect it's simpler than that - NYK probably just wanted to make sure that they at least got Felton while they continued to make up their minds whether to match Lin or not.

One person suggested, and this makes sense, that Dolan got angry and screamed 'We're not matching! Let him rot in Houston!'.. and that it is probably Grunfeld who is going to let it take as long as possible in the hopes that Dolan calms down and reconsiders. Which could not happen if they renounce Lin early.

Just a theory anyway..

 

Not going to happen.


But I'm happy to have lin coming in....since Goran is gone......

 

I want Lin in a Rockets uniform, but I suspect NY will match once the anger simmers down. I hope I am wrong, but do you really expect a big market team like NY getting rid of Linsanity? I don't think so. Lin will be matched close to the deadline. IMO.

 

As far as I know, we have a good relationship with Clutch and the site.

 

is it possible for the knicks to match and then wait and trade lin later on in the season, like we did with landry?

are there teams out there that would still value this contract even with the 3rd year $15M hit (golden state maybe?)

 

NY Times: Growing Doubts on Return by Lin to the Knicks

My third article post of the day re: the ROX. To say I am anxious for the dust to settle is an understatement.

http://www.nytimes.com/2012/07/16/sports/basketball/jeremy-lin-may-not-return-to-the-knicks.html?hp

Growing Doubts on Return by Lin to the Knicks
By HOWARD BECK

Five months after introducing himself to the world, Jeremy Lin is still inspiring various forms of passion and hysteria. This is not Linsanity as we knew it in February, when the word was synonymous with joy and wonder, but some horrific mutation of the phenomenon.

In this version, Linsanity is a Knicks franchise willfully extinguishing the joy. It’s a fearful, frantic fan base raging against another indignity, after a decade full of them.

If you had suggested five months ago that the Knicks would let Jeremy Lin — their most popular player in a decade — simply walk away, you would have been called worse than insane.

Yet it appears the Knicks will. Or they might. As ever, their intentions are not altogether clear.

And there is more speculation than tangible fact.

Multiple news outlets, citing anonymous sources, reported over the weekend that the Knicks intended to let Lin leave for Houston, by declining to match a three-year, $25.1 million offer sheet from the Rockets. The reason is money.

The Rockets’ offer includes a third-year balloon payment of $14.98 million. Under the N.B.A.’s new luxury-tax system, which punishes teams that wildly exceed a determined threshold, that salary could cost the Knicks an additional $35 million to $45 million in tax payments.

Although the Knicks were carefree with their payroll over the last decade, even Madison Square Garden has a limit. This contract might be it.

A person with knowledge of the Knicks’ deliberations said it was “more likely than not” that the team would decline to match the offer. The same person cautioned, however, that “it’s not definitive.”

Lin played brilliantly for most of February. He electrified the Garden and saved the Knicks’ season. He is a global marketing machine. But $60 million is an extraordinary amount, even in N.B.A. terms, to spend for a player who has started only 25 games.

Knicks officials have been typically silent, and they are under no obligation to tell anyone anything until Tuesday night — the deadline for matching Houston’s offer. It is unlikely there will be any clarity until then. (It is a well-established tradition for N.B.A. teams to wait until the last minute in these matters.)

The Knicks’ intentions appeared to be telegraphed Saturday night, when they unofficially reached a deal to acquire Raymond Felton, a veteran point guard, from Portland. Although Felton could simply be an insurance policy — a hedge against Jason Kidd’s age (39) and Lin’s inexperience — the move was widely interpreted as the first step in cutting ties with Lin.

Lin himself told associates that he believed Felton was acquired to replace him. Yet even Lin is not sure what the Knicks will do, those associates said. He has been told nothing directly by team officials. And no one in the Knicks’ hierarchy is talking, leaving fans to speculate and fret.

“I’m going for a walk. Perhaps off a cliff. I don’t know, we’ll see,” Jim Cavan, a Knicks fan and blogger, wrote on his Twitter account Sunday morning.

Comments like those were common as distraught fans grappled with the news. An online petition calling for the Knicks to keep Lin was already circulating. It had more than 2,000 signees by midnight Sunday.

The decision was never supposed to be this complicated or stressful. Lin is a restricted free agent, which allows the Knicks to match any offer. He has early Bird rights, which give the Knicks greater flexibility to pay him without regard to the salary cap.

And because of an obscure cap provision, no rival was allowed to offer Lin more than a $5 million starting salary. That provision, commonly known as the Gilbert Arenas rule, was created to ensure that teams could re-sign a breakout star like Lin without fear of being outbid by a team with cap room.

The well-intentioned rule is having unexpected consequences. The Rockets cannot outbid the Knicks, but because they are under the cap, they are permitted to give Lin a balloon payment — a so-called poison pill — in the third year of his deal. Houston originally set that figure at $9.3 million and then increased it to $14.98 million, close to the maximum allowed.

For cap purposes, Lin’s three-year salary would count as an average for Houston, or $8.4 million a year. But the Knicks would be charged the full amount in 2014-15, costing them $50 million to $60 million in a combination of salary and luxury taxes, rival executives said.

That said, Lin would arguably be undervalued in the first two years — at $5 million and $5.4 million — and the Knicks would have time to either rework their payroll or, as a last resort, to trade Lin by the third year, when his expiring contract would become a commodity. Those are considerations the Knicks are still weighing.

Lin’s salary would be the Knicks’ third highest in 2014-15, behind those of Carmelo Anthony and Amar’e Stoudemire. He would make slightly more than Tyson Chandler, the reigning defensive player of the year.

Even for N.B.A. players, who are used to seeing outlandish contracts fly every July, the offer to Lin appeared staggering. Anthony, speaking to reporters covering the United States Olympic team, said as much Sunday.

“It’s not up to me,” he said. “It’s up to the organization to say that they want to match that ridiculous contract.”

The salary may indeed be ridiculous. But to a legion of Knicks fans, in New York and well beyond, the idea of letting Lin leave is pure Linsanity, and not the good kind.

 

Man I don't even care about that. I just want Lin to be a damn good point guard who might turn into an all-star caliber player. I'm not going to try to compare him to Dragic or Lowry. I just want him to be good.

 

So if NY does matches. Does it mean they(NY) have the right to Lin and Lin must play for them or does Lin have the last say to what team he wants to play for?

 

If they match lin has no choic but to play in NY

 

they will own him for the next 3 years to do as they wish...if they are willing to pay him that 3rd year. Unless he turns out to be the next CP3 I really doubt anyone is going to pay 15 million for a year rental right around the time the new punitive tax system kicks in.