Report: Lin signs offer sheet with Rockets

[saltlover]

I don't think Lin will finish his contract remaining on the Rockets, unless he shows that his 1-2 months of stellar play is something he can do regularly.  (Not impossible, but I don't think likely.)

Instead, Morey has an interesting and marketable point guard for two years at not unreasonable money, and then a giant expiring contract that he can package with draft picks to bring back someone else he hopes to keep in the future.

[celticsclay]

Just to clarify on all this amnesty amaare stuff, they already amnestied billups last year (which was kind of weird cause they picked up his option a month before). So they can not amnesty stoudamire from my understanding.

[wdleehi]

According to what was just said on the Herd,


Lin contract would cost the Knick around 50 million in the third season.  



I don't know how true those numbers are, but WOW.

[Change]

According to what was just said on the Herd,


Lin contract would cost the Knick around 50 million in the third season.  



I don't know how true those numbers are, but WOW.

No, it won't. It's $15m on paper. And why single out Lin's salary? What about bloated salaries of Amare $24m and Carmelo $24m.

[saltlover]

According to what was just said on the Herd,


Lin contract would cost the Knick around 50 million in the third season.  



I don't know how true those numbers are, but WOW.

No, it won't. It's $15m on paper. And why single out Lin's salary? What about bloated salaries of Amare $24m and Carmelo $24m.

If you're a crappy accountant, or a politician, then sure, you can pretend that all of Lin's salary and none of Melo's or A'mare's count against the luxury tax, which will be expensive in year three.  But otherwise you're just twisting the facts.

If the Knicks were to have a $90 million payroll in year 3 of Lin, then 1/6 of their luxury tax bill could be assessed to his contract, but over 1/4 should be assessed to each of Anthony's and Stoudemire's deals.  That could add on $7-10 to the cost of Lin's deal, which isn't insignificant.  But he won't cost $50 mil.

[wdleehi]

According to what was just said on the Herd,


Lin contract would cost the Knick around 50 million in the third season.  



I don't know how true those numbers are, but WOW.

No, it won't. It's $15m on paper. And why single out Lin's salary? What about bloated salaries of Amare $24m and Carmelo $24m.

Because his is the contract not signed.  Those guys have a number assigned to them already (including a tax bill)



Not to mention, they are better players. 




It's simple, if the Knicks match this contract, this is what it is going to cost them. 

[kozlodoev]

If the Knicks were to have a $90 million payroll in year 3 of Lin, then 1/6 of their luxury tax bill could be assessed to his contract, but over 1/4 should be assessed to each of Anthony's and Stoudemire's deals.  That could add on $7-10 to the cost of Lin's deal, which isn't insignificant.  But he won't cost $50 mil.

Having him will cost $50 million, regardless of whether you consider this coming from his, Melo's or Amare's contract. So for all practical purposes, that's what he'll cost the club.

[tarheelsxxiii]

Just to clarify on all this amnesty amaare stuff, they already amnestied billups last year (which was kind of weird cause they picked up his option a month before). So they can not amnesty stoudamire from my understanding.

Good catch, thanks. I forgot about that.

[Change]

According to what was just said on the Herd,


Lin contract would cost the Knick around 50 million in the third season.  



I don't know how true those numbers are, but WOW.

No, it won't. It's $15m on paper. And why single out Lin's salary? What about bloated salaries of Amare $24m and Carmelo $24m.

If you're a crappy accountant, or a politician, then sure, you can pretend that all of Lin's salary and none of Melo's or A'mare's count against the luxury tax, which will be expensive in year three.  But otherwise you're just twisting the facts.

If the Knicks were to have a $90 million payroll in year 3 of Lin, then 1/6 of their luxury tax bill could be assessed to his contract, but over 1/4 should be assessed to each of Anthony's and Stoudemire's deals.  That could add on $7-10 to the cost of Lin's deal, which isn't insignificant.  But he won't cost $50 mil.

For the first two years Lin is on the books for only $5m. On Year3 James Dolan the billionaire can bite the bullet because Amar'e contract comes off the books afterwards. Paying an extra $7-10mil extra for Lin in luxury tax in year3, it pales in comparison what Lin brand will earn the knicks.

[Who]

Dump Amare, keep Lin.

[Fafnir]

According to what was just said on the Herd,


Lin contract would cost the Knick around 50 million in the third season.  



I don't know how true those numbers are, but WOW.

No, it won't. It's $15m on paper. And why single out Lin's salary? What about bloated salaries of Amare $24m and Carmelo $24m.

If you're a crappy accountant, or a politician, then sure, you can pretend that all of Lin's salary and none of Melo's or A'mare's count against the luxury tax, which will be expensive in year three.  But otherwise you're just twisting the facts.

If the Knicks were to have a $90 million payroll in year 3 of Lin, then 1/6 of their luxury tax bill could be assessed to his contract, but over 1/4 should be assessed to each of Anthony's and Stoudemire's deals.  That could add on $7-10 to the cost of Lin's deal, which isn't insignificant.  But he won't cost $50 mil.

For the first two years Lin is on the books for only $5m. On Year3 James Dolan the billionaire can bite the bullet because Amar'e contract comes off the books afterwards. Paying an extra $7-10mil extra for Lin in luxury tax in year3, it pales in comparison what Lin brand will earn the knicks.

Its not an extra 7-10 million.

[Fafnir]

Dump Amare, keep Lin.

Yeah agreed, but I don't see them being able to do that.

[Fafnir]

According to what was just said on the Herd,


Lin contract would cost the Knick around 50 million in the third season.  



I don't know how true those numbers are, but WOW.

No, it won't. It's $15m on paper. And why single out Lin's salary? What about bloated salaries of Amare $24m and Carmelo $24m.

If you're a crappy accountant, or a politician, then sure, you can pretend that all of Lin's salary and none of Melo's or A'mare's count against the luxury tax, which will be expensive in year three.  But otherwise you're just twisting the facts.

If the Knicks were to have a $90 million payroll in year 3 of Lin, then 1/6 of their luxury tax bill could be assessed to his contract, but over 1/4 should be assessed to each of Anthony's and Stoudemire's deals.  That could add on $7-10 to the cost of Lin's deal, which isn't insignificant.  But he won't cost $50 mil.

You're talking about accounting allocations.

What we're talking about is marginal cost. The marginal cost of adding his $15 million dollar deal in year 3 is the cost that you must consider.

[Change]

Dump Amare, keep Lin.

Yeah agreed, but I don't see them being able to do that.

I thought Joe Johnson's contract was untradable.

[StartOrien]

I'll reiterate a question I asked before that I think needs to be answered for clarity -

Did Lin or his agent go back to the Knicks and ask them to match the 3 year 25 million dollar offer but even out the money throughout the years.

If they didn't, it suggests to me that Lin didn't want to stay in New York all that much.

If they did, it suggests that this wasn't as much of a 'luxury tax' issue as it was a personnel decision.