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Knicks “probably” will not match Jeremy Lin offer

Jul 16, 2012, 9:55 AM EDT

New York Knicks' Lin pumps his fist from the bench as teammates score during their NBA basketball game in Toronto Reuters

Like seemingly all things in this latest Jeremy Lin odyssey, nothing is complete until the deadline is past. Up until then nothing should surprise us.

But it looks more and more like Lin will be a Rocket next year. Multiple outlets are reporting the Knicks are leaning toward (or some say flat out) not matching the three-year, $25 million offer sheet Houston signed the young point guard to. The Knicks have until Tuesday night to make their call. Here is what Howard Beck of the New York Times wrote.

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 himself told associates that he believed Raymond 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.

Lin remains incredibly popular among Knicks fans and the idea of letting him walk and getting nothing in return in terms of a trade upsets a lot of Knicks fans. There is even an online petition asking the Knicks management to re-sign Lin. He is a global marketing phenomenon that sells jerseys and helps with sponsors.

But at that price tag the Knicks are making the right call — on the court he is a guy that has not proven over a length of time he’s ready to be an NBA starter.

The fact is Lin will make $14.8 million in the third year of his deal and that is way more than he is worth on the court (he would make $5 million and $5.2 million the first two years). That number was put there to give the Knicks pause because of the tax implications in that third year — the more punitive NBA luxury tax will have kicked in by then. Lin is going to be expensive. It’s not that Raymond Felton is vastly superior, he’s just vastly more affordable.

The Knicks are not a franchise that in the past has balked at spending money on questionable deals, but this time it appears to be different.

However, like all things Knicks, we won’t really know until the deadline is here. There is always drama.

  1. rocketsbb - Jul 16, 2012 at 10:06 AM

    I really hope the Knicks match we don’t need stupid contracts like that.

    • blueintown - Jul 16, 2012 at 10:13 AM

      If the Bulls don’t match, you’re going to have two stupid contracts like that.

      • Mr. Wright 212 - Jul 16, 2012 at 1:02 PM

        And will deserve it, thanks to that PORKER GM playing scorned geek.

    • chitownmatt - Jul 16, 2012 at 2:45 PM

      Can anyone explain the Rockets seemingly totally nonsensical contract offers to Asik and Lin?

      I mean don’t get me wrong, I love the Turk and Lin seems like a good kid. But I really don’t see either of them becoming a first-class starter.

      They both need to remind their agents that there is nothing worse in professional sports than being the highest paid guy on a bad team.

  2. eshine76 - Jul 16, 2012 at 10:11 AM

    I don’t care what the Knicks do, I’m just disappointed with his “teammates” speaking out about his contract. Sure its too much, but Brook Lopez got a max deal & Kwame Brown is still in the league. Tons of guys are overpaid. The NBA culture is about getting paid, yet for some reason they have a problem with a guy who was sleeping on someone’s couch last season getting his.

    • elComandanteenJefe - Jul 16, 2012 at 11:00 AM

      His teammates are egotistic haters. If it was them getting the “overpaid” contract, then they would be saying that it’s only fair to them and that they deserve more. Caramelo is hating because the Knicks were better with him on the bench and Lin running the point therefore keeping the ball out of Caramelo’s hands and JR Smith is just hating because he decided to opt out of his $2.4 million contract thinking the market was going to pay him more and in the end he ended up signing for $1.4 million per season and nobody knows who JR Smith is unless you’re a Knicks fan or a die hard NBA fan.

      • phaden27 - Jul 16, 2012 at 11:15 AM

        I agree with all you said Jefe, except the part about JR Smith. Even in Denver he was one odd duck no one could miss.

      • muhangis - Jul 17, 2012 at 6:08 AM

        Yeah Phaden is right, you sounded like you knew what you were talking about Jefe until you mentioned J.R. Smith. Smith is a pretty darn good player! Coach Karl trusted him so much, that it was his difficult job of guarding Kobe Bryant (in his prime) in the ’08 playoffs and gave Kobe headaches all throughout that series. He’s also outstanding shooter and very efficient.

        Smith may not be elite, but he’s up for the sixth man award year after year, and would even make a more than legitimate starter for most teams. The guy ain’t no scrub!

      • elComandanteenJefe - Jul 17, 2012 at 10:10 AM

        @muhangis — I did not say that JR Smith could not play, and yes, he does make for a formidable 6th man (circa 2008-2009) and at times plays above the rim when he gets going. He reminds me of a slightly watered down version of Ricky Davis and his PER is not the greatest (barely breaks into the top 150 in the NBA).

        My point with regards to JR Smith was that he is a hater for commenting on Lin’s contract and his opting out thinking that he was going to make more money per season and ended up with less.

    • Mr. Wright 212 - Jul 16, 2012 at 2:18 PM

      They aren’t complaining about what he will make, they are complaining just like anyone else realizing that it is a spiteful move by Morey. Get your facts straight before you get on your high horse.

  3. dysraw1 - Jul 16, 2012 at 10:18 AM

    nothing for nothing i watched J Lin last season in the beginning he was driven down the lain like with confidence an poise, after the Linsanity explosion and he was on teams radar, i never saw anyone getting up off the ground more. i mean talk about taking a beating and that was on both ends of court because guys wanted nothing more than to prove that this was a fluke. hes a good kid who had an remarkable run. in the nba. they have a term called put the lumber on him, not sure how much wood will change this kids game. but it didn’t take much to take just a little starch out last season

    • dysraw1 - Jul 16, 2012 at 10:21 AM

      i gotta say his mates didn’t do much to protect him either

      • limonadamas - Jul 16, 2012 at 11:09 AM

        you hit the nail on the head… this was the elephant in the room when Lin was getting clobbered several times a game last year.

  4. klownboy - Jul 16, 2012 at 10:21 AM

    Right call NY. He is not worth $14.5 million in the final year of his deal…

  5. steelerfanforlife - Jul 16, 2012 at 10:29 AM

    So Raymond Felton and Jason Kidd are the answers at PG for the Knicks??

    Couldn’t they match and see what he does in the 1st 2 yrs to see if he’s worth the money in the 3rd? I’m sure if he’s not they could trade him to a team looking for cap relief the following year…..am I wrong here?

  6. eshine76 - Jul 16, 2012 at 10:32 AM

    Quick question – if the Knicks think the 1st 2 years are reasonable, why wouldn’t they use that 3rd year as a trading chip down the road? Teams are always looking for expiring contracts to include in deals.

    • blueintown - Jul 16, 2012 at 10:52 AM

      They’d be in the luxury tax either way, which would effectively make Linn’s (or whatever parts he is traded for) salary (or, more accurately, relative expenditure) around $30 million.

      • limonadamas - Jul 16, 2012 at 11:12 AM

        they could always try to trade him to a team under the cap for a second round pick and a trade exception, so they wouldn’t HAVE to be paying the tax.

      • blueintown - Jul 16, 2012 at 11:15 AM

        Good point. Completely overlooked that.

      • elComandanteenJefe - Jul 16, 2012 at 11:16 AM

        People need to understand how the cap works rather than TALK about how the cap works. The salary cap is not on a PLAYER by PLAYER basis and therefore the $30 million argument is null and void. If people would spend less time listening to the Stephen A. “the Scream Machine” Smith, people would understand the the salary cap is on a TEAM basis. Beginning in 2013, the tax on the cap will be as follows:

        Amount over tax threshold Standard tax Repeat offender tax
        $5 million or less $1.50 per dollar $2.50 per dollar
        $5 million to $10 million $1.75 per dollar $2.75 per dollar
        $10 million to $15 million $2.50 per dollar $3.50 per dollar
        $15 million to $25 million $3.25 per dollar $4.25 per dollar

        Therefore, if the cap in 2013 was $75 million and the Knicks are at $80 million, an excess of $5 million, then they would pay $1.50 per dollar over the cap. That is $7.5 million as a tax. If they are on the same boat in the following year and using the same numbers previously mentioned, then they would pay $2.50 per dollar or $12.5 million. AGAIN, they are not paying the tax on a per player basis.

      • elComandanteenJefe - Jul 16, 2012 at 11:31 AM

        And to add to the complexity of this, then you would take a the players salary as a percentage of the total Knicks total salary cap in order to arrive at the actual luxury tax basis

        Player Salary Percentage Allocation
        Caramelo $21 million 26%
        Tyson $14 million 17%
        Lin $15 million 19%
        A’moron $22 million 28%
        Others $8 million 10%
        Total $80 million

        As above, the Knicks are above the $75 million salary cap by $5 million, which in essence has them paying a $7.5 million tax, and therefore makes A’moron and Caramelo the biggest cause of the luxury tax.

        Player Luxury Tax Allocation per Player
        Caramelo $1.950 million
        Tyson $1.275 million
        Lin $1.425 million
        A’moron $2.1 million
        Others $750 thousand
        Total Tax $7.5 million

      • blueintown - Jul 16, 2012 at 11:47 AM

        Dude. I said I overlooked it. Shut up. I’m aware it’s not on a per player basis. That’s why I said RELATIVE expenditure. I promise you it’s the accounting mechanism they’ve used to justify not matching the offer.

      • elComandanteenJefe - Jul 16, 2012 at 12:35 PM

        Yes, a self thinker looking out for my self interests. Latrell Sprewel is not the only man who has a family to feed.

      • blueintown - Jul 16, 2012 at 12:44 PM

        I was going to go with unhinged conspiracy theorist who inexplicably morphs a discussion of an NBA players’ contract into a statement on media control and political cronyism, but whatever works for you, my friend.

      • elComandanteenJefe - Jul 16, 2012 at 4:11 PM

        I hear you and it works. I do have to thank you for the psychoanalysis, but more so for your understanding and continued responses. At least I know someone around here is reading the garbage that I write; similar to that of our lovely PBT.

    • elComandanteenJefe - Jul 16, 2012 at 12:22 PM

      People who speak feces of the mouth need to be educated, especially in today’s let’s take things out of context and spin it for the morons who will believe what we say or print in the media. This of course is the very same reason why people keep voting crooked politicians into office, especially in NYC (i.e. see Charlie Rangel).

      • blueintown - Jul 16, 2012 at 12:27 PM

        Oh, I get it. You’re one of those.

  7. sdelmonte - Jul 16, 2012 at 10:35 AM

    I don’t know what to think. I never quite bought into Linsanity, but I also know he’s extremely popular and lucrative. As a player he is most likely not worth that absurd sum, but if he really blossoms then he might be worth the money in terms of the success on the court and in sales.

    I think Felton is a slightly better point guard. But I am not sure. It’s all a mess.

    Which is the one think I have come to count on from the Knicks. Nothing ever happens at the Garden without chaos.

    • limonadamas - Jul 16, 2012 at 11:13 AM

      if you think Felton is “slightly better,” you didn’t watch him play last season. ask any Blazers fan.

      • slopmcflop - Jul 16, 2012 at 12:35 PM

        Felton is another PG to really benefit from the D’antoni system, just to flame out after leaving.

        Plus, he can’t stay away from doughnuts. Mmm, doughnuts.

  8. caldreaming - Jul 16, 2012 at 11:17 AM

    Lin is a novelty act. He has mediocre basketball skills, and much like his fellow countryman, Yao Ming, he has proven to have a propensity for injuries. Are all chinese weak boned? Lin has had his 15 minutes, the Knicks realize that the hype is over for Lin, let the Rockets try to milk his fame and adoration from the chinese fans a bit longer.

    • limonadamas - Jul 16, 2012 at 11:28 AM

      wow… i don’t even know where to begin with you. your whole post reeks of thinly veiled xenophobia. and Lin and Yao aren’t “fellow countrymen.”

    • borderline1988 - Jul 16, 2012 at 12:03 PM

      Yao had a propensity for injury b/c he was 7″6 and over 300 pounds. It’s a miracle the guy could even run, let alone be the most skilled centre in the NBA. If only he had stayed healthy, the Rockets would be a championship team.

      And you’re a racist idiot btw. I figured I’d throw that in, just in case there are some people out there who read your comment and didn’t realize that right away. Doubtful though.

    • muhangis - Jul 17, 2012 at 6:17 AM

      Racist pussy. Quit hiding behind the computer screen and show your ugly bigoted self, pussy!

    • deeballer - Jul 17, 2012 at 8:14 AM

      That’s what they use to say about black players too.

  9. dysraw1 - Jul 16, 2012 at 11:18 AM

    Ray is like two steps maybe even three down from say Chris Paul, so that would make J. Lin about four or five steps back. an yet he gets the big paycheck ironic how thing work out

  10. dunkindan - Jul 16, 2012 at 11:20 AM

    JR Smith is a streaky low percentage shooter. He’s jealous because he can’t handle his own money and is in financial trouble. He hasn’t been a part of the NYK locker room long enough to say anything.

    • borderline1988 - Jul 16, 2012 at 11:58 AM

      The only thing we can be sure about is that nobody cares about what JR Smith has to say.
      He’s a punk who doesn’t play a lick of defense. Although he can light it up, he’s often more of a liability than an asset. Which is why I’m happy he got paid so little. I wouldn’t want him on my team even if he agreed to take a $500k salary.

  11. jjviolin1 - Jul 16, 2012 at 11:29 AM

    jr smith spends more time takin pictures of himself on twitter than he does in the gym.

  12. trybe29dr - Jul 16, 2012 at 11:37 AM

    People forget felton is a pick and roll pg and well…the blazers arent a pick and roll team…

  13. swingondeesenuts - Jul 16, 2012 at 12:00 PM

    I’m in now way a Lin fan but here is what I have learned about the NBA following this story:

    1) It’s OK to offer African American players giant, unreasonable contracts based on potential.

    2) It’s not OK to offer an Asian guy the same contract

    3) Many players in the NBA seem to resent anyone who doesn’t look like them playing the game

    4) What little interest I had in this thug league has disappeared.

    • blueintown - Jul 16, 2012 at 12:03 PM

      Ew.

    • slopmcflop - Jul 16, 2012 at 12:41 PM

      Das racist yo. Let me go ahead and fix your post.

      1) It’s OK to offer [any] players giant, unreasonable contracts based on potential. (And it’s not necessarily, that’s just the way the market is).

      2) It’s not OK to offer an [unproven guy with questionable potential] the same contract

      3) [redacted]

      4) [I'm a tool]

  14. thecrazyasianinseccountry - Jul 16, 2012 at 12:38 PM

    @caldreaming…
    How does one answer that?

    • slopmcflop - Jul 16, 2012 at 12:43 PM

      With the reply button.

  15. sp718 - Jul 16, 2012 at 1:02 PM

    Nice one slop

  16. boosiejones - Jul 16, 2012 at 1:07 PM

    Ming pushed for this and Houston has a large Asian population,he’ll be fine.Lets be honest Carmelo is the man in Gothic City and he better perform or his ass will get the buisness himself.Don’t let the Nets be better than the Knicks and you will really see s@$# fly.

  17. florida727 - Jul 16, 2012 at 1:10 PM

    “And no one in the Knicks’ hierarchy is talking, leaving fans to speculate and fret.”

    I know one person who’s not going to “fret”… Jeremy Lin. 25 million reasons why, guaranteed. I say good for him. If somebody’s willing to pay it, why not take it. Likewise, I say good for the Knicks. If they genuinely think they’re making the best business decision for them and their fans, good for them. Hope it works for all parties.

  18. alemanking13 - Jul 16, 2012 at 1:53 PM

    Can someone please tell me why it is such a big deal if they let him walk? Lin played well against the Lakers and then a bunch of scrub teams. When we played Miami in the regular season with him at the point he couldnt even bring the ball up the court. Chalmers, Wade and everyone else was stripping him left and right. He was running down the court and falling on the floor, out of control most of the time. What the Knicks have done is brought in PG’s who can actually handle and set up and offense in the playoffs. Once the league figured out Lin couldnt go left we struggled. He would dribble right so much it looked like he was going to run himself out to bounds. He couldnt get around the center that went for the trap, ever! He does have offensive skills but is that really what the Knicks need? We already have two guys who we are paying 100m to score. We dont need a scoring point guard. Lin’s best fit would be coming off the bench in a Jason Terry, J.R. Smith role. His strength is scoring. He cant dribble and he is a machine at turning the ball over. If they retained Lin, Woodson would be pressured to start him because of the money he can make the ball club. I dont think its the right move and obviously everyone in the Knicks organization thinks the same. We need PGs with experience and toughness who can handle and we got that now with Felton and Kidd. Felton will have a come back season and when Kidd sobers up he will give us 3pt shooting and veteran leadership. Players respect them and they all know what a joke Lin is. He is not a starter – bottom line!

  19. mogogo1 - Jul 16, 2012 at 2:28 PM

    Surprising to me they’re not going to match purely because of the PR and marketing aspects. But, it should turn out better for Lin to be away from NY. They’re still a horribly run franchise and no matter how many big names they sign, that will eventually be their downfall. Their style of play when their big names are healthy is anti-Lin with ball movement stopping while guys like Melo pound the ball into the floor. And there is not a more “me-first” bunch of players in the league than the Knicks current roster.

  20. yournuts - Jul 16, 2012 at 3:02 PM

    I think when all is said and done Lin will be retained by the Knicks. The money is ridiculous but the knicks will make more with sales of Jerseys and other Lin related products. The object of luxury tax and money for other players is the problem. They signed Jason Kidd to mentor Jeremy, there wont be a better market than New York for Jeremy Lin.

  21. ihatecomingupwiththesenames - Jul 16, 2012 at 5:31 PM

    I think the Knicks still feel like they might pull off Chris Paul next summer. And as a result they are going to let JLin walk at a suddenly steep price. It’s such a good question, is Jeremy Lin worth the hype? If David Stern has got nothing else, he’s got that for next year. Shumpert has serious potential. If they can get CP3 for Amar’e somehow? I think that’s the thinking. 15M to JLin makes that real hard.

    If he walks and ends up being worth it, the Knicks will be chumps and in the dog house, again.

  22. omniusprime - Jul 16, 2012 at 7:26 PM

    Well they say that texas has the biggest, and in the Houston Rocket’s case it’s the biggest idiots in upper mismanagement. Paying pathetic LinStupid $25 million for three years has to be the biggest waste of money ever paid to a sports player. The Knicks would be beyond stupid to match that kind of ignorant offer. LinStupid had a couple of good games after a few seasons of pathetic play and everyone all of a sudden thinks he’s a star. Get over it LinStupid will go back to being a mediocre player and soon will be shipped overseas if he wants to keep playing basketball. Maybe the NBA should outsource LinStupid to China, he certainly doesn’t belong in the NBA or on a premier team.

    • savvybynature - Jul 16, 2012 at 10:41 PM

      After a few seasons of pathetic play?

      You sir, are an idiot, with no clue what you are talking about..

  23. bcjim - Jul 16, 2012 at 10:52 PM

    @ eshine76… Agree 100%. Funny I never heard a player complain before about all the horrid contacts signed by nba players.

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