New York Knicks restricted free agent Jeremy Lin will visit the Houston Rockets on Wednesday, sources said.
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.
With the new collective bargaining agreement employing a more punitive luxury tax, beginning in the 2013-14 season, the Knicks are extremely concerned about the financial ramifications of such a deal.
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.