Let's stop the insane notion that the Knicks will not match because of Luxury Tax implications.
In 2006-2007 the Knicks paid $45 Million in Luxury Tax. If they sign Lin they would be paying
around $43M if they don't make any moves in 3 years to reduce that amount. This is NOT about
the luxury tax implications. It's either about Dolan's ego or the Knicks not really buying into
Lin's ability. Given the fact that Dolan has made insane decisions in the past I think it's more
about him going off his meds.
Even Clyde and Alan Hahn believe we should match:
During our broadcast here of the Knicks' Summer League game against the Suns on Sunday, Walt Frazier and I both agreed that the team should match the contract. "Worry about later, later," Frazier said, with the idea that if Lin proves to not be the value you hoped before Year 3, he can be traded as an expiring contract for one or two players. In fact, if the Knicks match, they can trade Lin after Jan. 15 with his consent, which means before this year's deadline he could be moved. They can even ship him to the Rockets -- so Houston can enjoy that balloon in Year 3 -- next summer.
The idea is, just as an asset alone, Lin is too valuable to let walk without any compensation. In the NBA, if you don't match an offer sheet for a restricted free agent, you do not receive any compensatory draft picks as in other sports. You just lose the player. Even if Lin isn't part of the plan going forward, especially with Raymond Felton reportedly back to run the point (more on this later), Lin should be retained just so the franchise can get some type of return.
Though several scouts have told me they still don't see Lin becoming more than a very good backup point guard in this league, I'm a strong believer in his potential because of his ability to get to the rim, finish, hit clutch shots, galvanize teammates and, most of all, his impressive will.