The news keeps getting worse for the New York Knicks this offseason as ESPN’s Chris Broussard reports via Twitter, that point guard Jeremy Lin will visit the Houston Rockets on Wednesday.
Jeremy Lin will visit the Houston Rockets tomorrow, sources say.
— Chris Broussard (@Chris_Broussard) July 3, 2012
HoopsWorld’s Alex Kennedy reported earlier that several teams have been showing interest in Lin and that one team has considered offering the young point guard a “poison pill,” contract, which would be devastating to the Knicks down the road.
While both Lin and the Knicks are hoping for a reunion, sources have said that if any clubs offer Lin, a restricted free agent, a backloaded contract that pays him an eight-figure salary in the third and fourth years, the Knicks could be given pause about matching the offer.
The Knicks can offer Lin a four-year deal worth $24.5 million. But an opposing team can offer Lin a poison pill that could go as high as $40 million over four years. Such a contract would pay Lin $5 million in each of the first two years and then go as high as $15 million in each of the last two years.
Matching such a contract would give the Knicks four players — Lin, Carmelo Anthony, Amare Stoudemire and Tyson Chandler – making more than $14 million in the 2014-2015 season. Those four players alone would have a combined salary of $72 million, nearly $2 million above the luxury tax.