Linsation could be coming to Houston. Reports circulating on Wednesday suggest that the Houston Rockets are preparing to offer New York Knicks player Jeremy Lin a four-year contract worth upwards of $30.2 million.
Under terms of the rumored contract Jeremy Lin will earn $5 million for the first season, $5.2 million during the second season and then $10 million in seasons three and four of the contract.
Speaking of Lin’s capabilities Rockets GM Daryl Morey told the Washington Post
“Jeremy Lin’s an excellent player. We got to know him firsthand when he was with the Rockets early this season. We think he’d make a fantastic addition to our team.”
The New York Knicks would like to keep Jeremy Lin on their roster however sources close to talks have said the Knicks would be hesitant to offer Lin a new contract that matches another teams eight-figure salary on the back-end of his third and fourth years.
The Knicks are most concerned that a new collective bargaining agreement that includes a punitive luxury tax starting in the 2013-2014 season could cause financial headaches should a back-end deal be given.
Last season Jeremy Lin averaged 14.6 points per game with 6.2 assists during a 35-game shortened NBA lockout season. The New York Knicks can currently offer a four-year, $24.5 million deal.
The New York Times believes Jeremy Lin could be offered upwards of $15 million by the time his third season with the Houston Rockets arrives, a number that would further complicate negotiations with the New York Knicks.
The Knicks are still attempting to re-sign unrestricted free agents Steve Novak and J. R. Smith, the more money the team hands to Jeremy Lin the less they will be able to negotiate with their other top players.