With Saturday night’s acquisition of point guard Raymond Felton and the earlier signing of unrestricted free agent point guard Jason Kidd, it seems less and less likely by the hour that the New York Knicks bring back 2012 sensation Jeremy Lin.
The Knicks have until 11:59 p.m. EDT on Tuesday to make a decision on matching Lin’s According to Marc Berman of the New York Post, the Knicks will not match the three-year, $25-plus million offer sheet he signed with the Houston Rockets.
— Marc Berman (@NYPost_Berman) July 15, 2012
In addition, Berman explained the upcoming decision, writing:
The Knicks had been set to match Lin’s original offer sheet of four years, $28.9 million that had a $19 million guarantee before the Rockets threw a financial curveball that called for a $15 million third year that would have doomed owner James Dolan’s luxury-tax predicament.
Berman also explained how the change to the offer sheet hurt the Knicks and what the implications would have been by matching the offer.
If Lin made $14.9 million in 2014-15, the Knicks’ payroll could include eight players costing $87 million — or as much as $17 million over the luxury-tax threshold. Originally, the Rockets offer sheet was for $9.3 million in the third year.
That’s tough to do even for an owner as rich as James Dolan.
Like it or not, Lin is a risk. He’s still a guy who has 25 starts under his belt and while he may develop into a very nice NBA point guard down the road, he still has a lot of developing to do and given the money he would be owed is considered a big gamble.
When it is all said and done, while this decision won’t go over well with Knicks fans right now, it could end of being the smart move down the road.
This one is a tough pill to swallow as Lin captivated the nation as season ago and became a fan favorite among the masses at Madison Square Garden.
Only time will tell if this is the right decision, but one thing is for certain and that is it is the unpopular decision.
Linsanity may be over in the Big Apple, but what Lin accomplished for a small 25 game stretch certainly won’t be forgotten.