Tuesday, July 3, 2012
Sources: Jeremy Lin to visit Rockets
By Chris Broussard
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.
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