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Jeremy Lin signs offer sheet with Rockets, Knicks will match

Jul 13, 2012, 7:09 PM EDT

Atlanta Hawks v New York Knicks Getty Images

We all know how the movie is going to end — Jeremy Lin will be the starting point guard for the Knicks when next season tips off. The outcome has all the suspense of the old Batman television series endings.

But the game must still play out. Friday the Rockets got Lin to sign an offer sheet, one that is larger than anticipated, tweets Jonathan Feigen of the Houston Chronicle:

Rockets bumped up offer to Lin by fully guaranteeing all three years, worth $25.1 million. Previously, third year partially guaranteed… The Rockets improved the offer because of the need at the point, but also to make it a bit tougher to match $14.9 mil in year 3. (Was $9.3).

It doesn’t matter, the Knicks will match. Not so much because of basketball reasons — Lin is not worth near $14.9 mil on the court — but because of his marketing value to the franchise. He brings in sponsors and sells seats, and the Knicks are still a business.

The Knicks may take all three days they are allowed to match the Lin offer, however.

After that, the Rockets will submit the Omer Asik offer sheet, and it will be more interesting to see if the Bulls match. That is still up in the air.

  1. geraldthecat - Jul 13, 2012 at 7:24 PM

    This guy is going to lead the league in turnovers. He may excite the fans for a bit but wow that is a tough third year.

    • allmyteamsareterrible - Jul 13, 2012 at 7:46 PM

      Couldn’t agree more but don’t say that too loudly or the Knicks sycophants will get really angry.

    • saint1997 - Jul 13, 2012 at 11:11 PM

      I agree he isn’t worth the contract but don’t be so statistic driven he is still pretty good. Top 5 turnover per game players last year are all pretty good if you ask me:

      1. Deron Williams , NJN
      2. John Wall , WAS
      3. Kevin Durant , OKC
      4. Steve Nash , PHX
      5. Rajon Rondo , BOS

      That statistic isn’t very telling of how good a player is

  2. chazzmon - Jul 13, 2012 at 7:51 PM

    I like this guy but have you ever seen anybody’s stock jump like this after only playing a few weeks in the NBA?

  3. dalucks - Jul 13, 2012 at 7:57 PM

    25 million and a mentor for a guy who had 25 good games. How much will he get if he actually learns how to play?

    • deeballer - Jul 14, 2012 at 8:54 AM

      How many guys do you know that’s getting max contracts right now that has ever had a run like Lin?

  4. doctorfootball - Jul 13, 2012 at 8:04 PM

    Even with the luxury tax implications the Knicks will still make tons of money off this kid. All the Rockets did was guarantee they’ll make less. Under Kidd’s leadership, Lin has a chance to be very very good. Did the Knicks overpay based on Lin’s current game? Absolutely. But he is talented, and he’ll learn to make better decisions under Kidd and the Knicks other new point guard, the veteran, Prigioni, from Argentina.

    • beagle11 - Jul 13, 2012 at 8:09 PM

      TRUTH

  5. beagle11 - Jul 13, 2012 at 8:06 PM

    Knicks are over the cap so resigning their own guys is the only way they can add players who are not signed with tax exemptions. They will be over the cap for the next 3 seasons weather they sign him or not so they might as well sign him. (Same goes for fields, at least his contract would be a tradable asset)The price is totally irrelevant so get over yourselves. The buzz he generated last year has already payed for his contract + the luxury tax the knicks will get hit with. So stop hating on the Knicks just because they play in NY.

  6. papichulo55 - Jul 13, 2012 at 8:12 PM

    Article says it all. This is good business. Must be tough to manage in an environment that rewards individuals that are then expected to perform in a team sport. What are the odds that he has a few jealous teamates? Good luck Coach!

  7. blue18hutthutt - Jul 13, 2012 at 8:32 PM

    Another Asian graduate from Harvard moving to New York making big money

    • 1972wasalongtimeago - Jul 14, 2012 at 12:12 AM

      You don’t think any PBT readers saw the ESPYs?

  8. chicagosworth - Jul 13, 2012 at 8:56 PM

    Man this guy just can’t win with you guys.. Give him some sort of credit, he still has room to grow and will be very deadly come next season.

  9. andyreidisfat - Jul 13, 2012 at 9:14 PM

    You say the Knicks have sucked for 13 years ???? Hmm I wonder why???

  10. dysraw1 - Jul 13, 2012 at 9:41 PM

    well if we show him the money, then he’d better be what the team is looking for in a point man

  11. skinsfanwill - Jul 14, 2012 at 4:14 AM

    What exactly was the new CBA all about? I thought the owners didn’t want to hand out max deals to players that were not deserving. That’s all the heck I’ve seen so far in this free agent frenzy. Lin, Gerald Wallace, Brook Lopez, Roy Hibbert……and on and on and on….No way Lin deserves that money. He had 10 good games against all the bum teams in the league. Went up against Miami and stunk the place up. Then he got hurt. He’s a bum.

    • JustMeMike - Jul 14, 2012 at 12:34 PM

      He looked great for a while then the teams figured him out. They pressured him out high, forced him left. Against MIami he was overmatched. He couldn’t adjust against the maximum pressured defenses hat Miami and Boston tossed at him. And they beat the s–t out of him when he went down the lane.

      But with Kidd’s invaluable experience, Lin should improve. Given the fact that last year’s hot spell was his first extended run with him having to start, then play many more minutes, it was expected – if one thought about it realistically, that teams would make adjustments to thwart him.

      But his teammates have to help him too. They have to know his strengths, and learn to space themselves on the floor to set up better passing lanes. It’s not rocket science to understand that a double team by the defenses leave some one else open.

      I agree that this contract is way too much money – but that is the Knick’s problem not Lin’s. He is going to get the $ from either Houston or NY. And you know what? He will become just like MOST of the NBA – overpaid.

      One more fact – Lin,Kidd, and Prigioni sounds a lot better than Lin, Baron Davis, and Mike Bibby.

      • skinsfanwill - Jul 16, 2012 at 12:56 PM

        I’m still not sure why NBA players are always deemed to be so overpaid when you baseball players making a zhit load more. I just don’t get it. Maybe I need to do some research.

  12. canehouse - Jul 14, 2012 at 5:32 AM

    Lin is a terrible defender… can’t go left, and just has an avg jumper.

    • cantonbound13 - Jul 14, 2012 at 8:04 AM

      Nothing like the “great” Mario Chalmers, right Cane?

      • jimeejohnson - Jul 14, 2012 at 12:34 PM

        Chalmers won an NBA championship. Lin won nothing, just like your team.

    • cantonbound13 - Jul 14, 2012 at 12:48 PM

      It’s a team game, doesn’t make Chalmers better than Lin. So all the Centers that played for the Bulls championship teams were better than Patrick Ewing? Very ignorant comment.

  13. jjviolin1 - Jul 14, 2012 at 11:37 AM

    let me just say you all are a bunch of idiots. yeah, he choked against the heat because they double teamed him everytime he touched the ball. did you forget he had 38 pts against the Lakers? what about 28 pts and 14 dimes against dallas? With Shawn Marion guarding him nonetheless. you haters are jealous and ridiculous. get over it and accept that the kid is legit.

  14. yousuxxors - Jul 14, 2012 at 3:19 PM

    chalmers would be notjing without lebron

  15. yousuxxors - Jul 14, 2012 at 3:21 PM

    the knicks did overpay but this kid has the potential to make it worth it. all pgs have a lot of turnovers … look at the top 5 in turnovers. with one of the best pg in history to teach him how to slow down and under woodsons guidance he can become good.

    • dysraw1 - Jul 14, 2012 at 7:05 PM

      i really hope that plan works, we all know this signing is more about a buck than basketball, with that said J. Lin does have a lot of up side. true the Knicks did not look to sign the best point available, so lets hope this kid can learn on the fly

  16. coldyron - Jul 14, 2012 at 10:02 PM

    Kurt, either your “sources” were wrong, or your “I-Am-Right-I-Know-Everything-That-Will-Happen” attitude made you look completely incompetent again. Seriously, I mean this in the most respectful way but please just report on the news and spare us what you think is going to happen, it gives you much more credibility and stops you from looking really bad when you are wrong.

    • Kurt Helin - Jul 15, 2012 at 6:25 PM

      I was wrong. I admit it. I will say that my sources are good and even everyone in the Knicks media said him getting picked up was a done deal. Good on the Knicks for sending out one message while working on something else behind the scenes.

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