melolin45 Jeremy Lin Signs Revised Offer Sheet With Houston

According to multiple reports, Jeremy Lin has signed an offer sheet with the Houston Rockets.  However, it’s not the same deal as previously reported during the moratorium. Instead of a 4 year deal worth $30 million dollars with a player option on year 4, the Rockets who are desperate for a point guard, have decided to inject even more poison into the deal.  Lin met with Houston today and signed a 3 year / $25.1 million contract.  It is the same backloaded offer that the Rockets have offered Bulls’ center, Omer Asik.  The first two years remain the same: $5 million in year 1 and $5.225 in year 2, but what was once a $9 million pay day in year three is now $14.89 million.  As Houston dumps players in an attempt to pull off a trade for Dwight Howard, expect the Knicks to stall those efforts by waiting the full 3 days to make a decision on Jeremy Lin. According to TheKnicksBlog, if Knicks dip into Luxury Tax in year 3 (combined cost of Anthony, Lin, Chandler and Stat in 2014-2015 would be $77.3 million)- Lin could cost them $52 million, still, all signs point to Knicks matching even at the much higher price.