Jeremy Lin a Rocket

[celtsfan84]

Lin might be great for fan interest, but the Knicks will get more than enough attention regardless.

I think at $8M a year, Lin will be highly overpaid. This contract might look terrible in 18 months. At $3, sure. $8, no way. I think the Knicks were smart to let him go.

As of late Monday morning, on the mere possibility that Lin might not be re-signed, MSG stock had lost about $50 million in market value — nearly as much as the salary and luxury tax that the Knicks would need to keep the dream alive for the next three years.

http://fivethirtyeight.blogs.nytimes.com/2012/07/16/keeping-lin-should-make-financial-sense-for-the-knicks/

So you would rather lose $50 million in one day than overpay a guy by $5 million a year? Interesting.

I'd like to exchange currency with you, my friend.

[The Walker Wiggle]

From a business perspective, and the NBA is above all a business, this is a monstrous mistake.

By the Knicks.  Smart move by Houston, though Lin as a player is nowhere near what he will be paid (i.e. more than Rondo).

Well not exactly shrewd work by Houston. If you consider that the Rockets are now committed to paying a point guard they released last season almost twice as much as the alienated starter, Kyle Lowry, they just dealt away because they lost their break-out point guard, Goran Dragic to a large money offer from the team that drafted him (and dealt him away...).

Houston, Phoenix and New York are doing nothing to help the delusions of grandeur I have that my record of winning fantasy basketball leagues would translate to at least middle-of-the-road success as an actual NBA GM.

[celtsfan84]

From a business perspective, and the NBA is above all a business, this is a monstrous mistake.

By the Knicks.  Smart move by Houston, though Lin as a player is nowhere near what he will be paid (i.e. more than Rondo).

Well not exactly shrewd work by Houston. If you consider that the Rockets are now committed to paying a point guard they released last season almost twice as much as the alienated starter, Kyle Lowry, they just dealt away because they lost their break-out point guard, Goran Dragic to a large money offer from the team that drafted him (and dealt him away...).

Houston, Phoenix and New York are doing nothing to help the delusions of grandeur I have that my record of winning fantasy basketball leagues would translate to at least middle-of-the-road success as an actual NBA GM.

Houston did get a likely lottery pick out of the Lowry move. Nothing to sneeze at.  And a 6' scoring point guard who shoots only 41% being traded for a lottery pick is a win for the team getting a lottery pick, IMO.

I think Houston did OK here.  Phoenix and New York are 2 of the 5 worst managed teams in the NBA.  Nash kept Phoenix afloat and big $$$ has kept the Knicks aflota.  Otherwise, blech.

[Change]

It wouldn't shock if James Dolan is just toying with us. Watch him last minutes match Houston's offer sheet. Drama!

[LarBrd33]

Terrible contract for a role playing bench guard.

[The Walker Wiggle]

Terrible contract for a role playing bench guard.

For better or worse that's the market. Do you feel the same way about Dragic? Jeff Green?

Or just hate Lin's game?

[Change]

Knicks confirmed they will NOT match Houston's offer sheet. Jeremy Lin is officially a Rocket.

Marc J. Spears ‏@SpearsNBAYahoo
Knicks spokesman confirms that Jeremy Lin's offer sheet will not be matched. @JLin7 is now officially a Rocket.

[TripleOT]

This was poorly managed by both the Knicks' brass and Lin's people.  For endorsement opportunities, NYC is the place to be for Lin.  The money being even close to equal, playing in MSC 41 nights a year on the big stage is way better than playing in Houston for what might be a scrub team.

For the Knicks, they should have figured that Lin would be at least in line for a MLE deal somewhere.  Bump up that a few mil per year, and you get three years/$24million.  if they jsut offered that to him at the beginning, they wouldn't be facing that ridiculous $15m third year salary.

So instead of paying the very marketable Lin $8m a year, they're going to pay the very chunky Felton and the very old Kidd around that much.

Houston comes out at a winner here.  Lin's $15m is the only guaranteed contract on their books for 14-15, so they should be able to structure their payroll to avoid the new mega-lux-tax. If he is a one month wonder, paying Lin $15m is going to hurt, but the hurt isn't going to be amplified by another $22m in tax. 

[Fafnir]

This was poorly managed by both the Knicks' brass and Lin's people.  For endorsement opportunities, NYC is the place to be for Lin.  The money being even close to equal, playing in MSC 41 nights a year on the big stage is way better than playing in Houston for what might be a scrub team.

For the Knicks, they should have figured that Lin would be at least in line for a MLE deal somewhere.  Bump up that a few mil per year, and you get three years/$24million.  if they jsut offered that to him at the beginning, they wouldn't be facing that ridiculous $15m third year salary.

So instead of paying the very marketable Lin $8m a year, they're going to pay the very chunky Felton and the very old Kidd around that much.

Houston comes out at a winner here.  Lin's $15m is the only guaranteed contract on their books for 14-15, so they should be able to structure their payroll to avoid the new mega-lux-tax. If he is a one month wonder, paying Lin $15m is going to hurt, but the hurt isn't going to be amplified by another $22m in tax. 

They could only offer him 3 years and 16 million, MLE money or 4 and 23 or 5 and 28.

Lin had to go get an offer sheet to get the most money per year.

[RJ87]

This was poorly managed by both the Knicks' brass and Lin's people.  For endorsement opportunities, NYC is the place to be for Lin.  The money being even close to equal, playing in MSC 41 nights a year on the big stage is way better than playing in Houston for what might be a scrub team.

For the Knicks, they should have figured that Lin would be at least in line for a MLE deal somewhere.  Bump up that a few mil per year, and you get three years/$24million.  if they jsut offered that to him at the beginning, they wouldn't be facing that ridiculous $15m third year salary.

So instead of paying the very marketable Lin $8m a year, they're going to pay the very chunky Felton and the very old Kidd around that much.

Houston comes out at a winner here.  Lin's $15m is the only guaranteed contract on their books for 14-15, so they should be able to structure their payroll to avoid the new mega-lux-tax. If he is a one month wonder, paying Lin $15m is going to hurt, but the hurt isn't going to be amplified by another $22m in tax. 

If I'm not mistaken, Houston can pay him about $8.5m each year and don't have to follow the poison pill provision - so its an easier contract to swallow.

As far as marketing, the Rockets might be a great place for him. The still have a huge fanbase in China from the Yao Ming days, now they get a fresh face to market in Lin.

[popcontest]

Will the Knicks even make the playoffs this year? I doubt it.

[Change]

A little nugget: Lin had an offer ready from the rockets without the poison pill 4 year $29million. Knicks were ready to match that offer. But Lin didn't sign the Houston's offer sheet right away. He went home to think about it. He came back to negotiating table a second time, and Rockets reworked the deal added the poison bill. Funny how events transpired.

[soap07]

Terrible contract for a role playing bench guard.

For better or worse that's the market. Do you feel the same way about Dragic? Jeff Green?

Or just hate Lin's game?

Dragic is almsot certainly better than Lin over a longer stretch. Green is a bad contract IMO - would love for him to prove himself - but overall, he has had more success in the league than Lin over a couple years.


I am actually stunned by the anti-Knick outcry over not resigning Lin. Lin had a quarter season excellent run. Quarter season. Mike James had an entire season like that. I see no earthly reason to sign him to that contract.

[Mr Green]

I've got your Linsanity... right here! *grabs crotch* 

http://www.youtube.com/watch?v=vVDEredOCfA 

[The Walker Wiggle]

Jeremy Lin's youth, upside, intelligence, humbleness and winning attitude just wasn't a good fit on the Knicks roster.