The New York Knicks’ worst nightmare came true when restricted free agent Jeremy Lin received a back-loaded (“Poison Pill”) contract offer from the Houston Rockets (as reported by Marc Berman of NYPost.com). But despite some concerns last week that the Knicks would not match this type of offer, Lin is expected to remain in New York.Marc Berman of the New York Post, reports that the Houston Rockets have offered Lin a back-loaded contract that could be worth as much as $30 million. However, according to Adrian Wojnarowski, despite the luxury tax implications, the Knicks have “publicly and privately indicated they plan to match any offer for Lin.”
With Steve Nash landing with the Los Angeles Lakers, the Knicks may be forced to match the offer for Lin even though it would put the franchise in “luxury-tax hell.” By 2014-15, the Knicks would have at least four players (Lin, Carmelo Anthony, Amar’e Stoudemire, Tyson Chandler) making at least $10 million.
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