ESPN's Chris Broussard has reported that free agent Jeremy Lin will be meeting with the Houston Rockets on Wednesday afternoon.
For a Knicks squad that has announced a firm intention to resign Lin, the Rockets present a significant threat to acquiring the young point guard.
The Knicks will be able to match any offer made for Lin because they won Lin's "Bird Rights" based on a recent arbitration ruling (via ESPN). The maximum any team can offer Lin for the first year of his contract is $5 million, and the Knicks have the right to match it.
However, any team can offer Lin a multi-year "poison pill" contract.
A "poison pill" contract begins with a mid-level exception salary in year one ($5 million), but which may escalate payment between years two and three to up to $15 million a year.
It's unlikely that any team will offer Lin $15 million a year. Lin's value as a starting point guard is still in question due to a short and mercurial second year in the NBA.
Lin played starting point guard for two months as a Knick during his second year in the league.
In February, Lin ...
Read Full Article at Bleacher Report - NBA
Article written by Argun Ulgen
Jeremy Lin: Houston Rockets a Major Competitor to Knicks
July 3rd, 2012 by Argun Ulgen Leave a reply »
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