As expected, restricted free agent point guard Jeremy Lin is attracting interest from around the league.
The New York Knicks can match any offer sheet that Lin signs, but one of the interested teams could offer the 23-year-old a backloaded contract that makes the Knicks reconsider.
Kennedy also notes that one of the teams has considered offering Lin a “poison pill,” deal which would put the Knicks in a very tough spot. A large pay raise in 2014-15 would cause problems for the Knicks, who will already owe $61.5 million to Carmelo Anthony, Amar’e Stoudemire and Tyson Chandler.
That means the Knicks would be repeat offenders of the luxury tax.
Kennedy also says that the Knicks haven’t offered Lin a contract yet an will let the market determine his value.
Not offering a contract to Lin and letting him secure an offer sheet from another team could come back to haunt the Knicks. If the Raptors, Mavericks or Nets are willing to offer Lin a backloaded deal before the Knicks act on the situation, there’s a chance that Linsanity will undergo an unfortunate change of scenery next season.