Knicks Set to Let Lin Go

NY Knicks think they’re onto something without Lin… Houston Rockets will end up with Lin if this plays out. Jason Kidd and Lin would have been a great tandem. Either way Lin has to be thankful for the Knicks and has to hope he’ll fit in another system.

There’s some backstory.

“So it was up to Lin to set his own market value, by getting an outside offer. He initially agreed with Houston on a three-year, $19.5 million deal, including a $9.3 million balloon payment in the third year. That deal was agreed to in principle but never signed.

When it became apparent that the Knicks would match, the Rockets increased the third-year salary to $14.9 million, close to the maximum allowed. The Knicks are already expected to be over the luxury-tax threshold, so Lin’s salary would have cost them tens of millions more under the league’s more punitive new system.” (NY Times – Lin)