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.
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