Chapter 5: The Financials
Will the Knicks regret letting Jeremy Lin leave for business reasons?
Followers of the Jeremy Lin sweepstakes know it wasn't just the $25.1 million, three-year offer sheet from the Houston Rockets that had the New York Knicks in turmoil. It was also the luxury tax bill that would have come, particularly in the third year of the contract, when he'd be due $14.8 million.
Without Lin, the Knicks were projected to pay less than $10 million in luxury taxes three years down the road. With him, the figure would have been more like $28.2 million or perhaps ...
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