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Looks like Lin is a restricted FA and we can match any offer - latest article "Knicks in a Position to Keep Lin"
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earthmansurfer
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2/11/2012  7:31 AM
I know this was brought up before but it seemed uncertain. Well, if this article is true, then Lin isn't going anywhere. Enjoy

From the moment that Jeremy Lin began his extraordinary streak, Knicks fans have had two nagging thoughts: Can he keep it up? And can we keep him?

Knicks fans can relax.

Lin has answered the first question convincingly, stringing together four fantastic performances over seven days. The answer to the second question is an unqualified yes.

Lin will be a restricted free agent this summer, meaning that the Knicks can match any offer he receives without respect to the salary cap. So if the Knicks want to keep him in July, they have every means to do so.

The Knicks also own Lin’s “early-Bird” rights, which means they can offer him a starting salary up to the league average, about $5 million. If a team with cap room exceeds that figure, the restricted free agency rules allow the Knicks to match.

After going undrafted in 2010, Lin signed a two-year deal with the Golden State Warriors. The second year conveyed the early-Bird rights and the restricted free agent status. Those rights would have disappeared had Lin become a free agent after the Warriors waived him in early December. But the Houston Rockets claimed Lin off of waivers, thus inheriting the early-Bird and restricted free agency status. The benefits transferred to the Knicks when they claimed Lin off waivers on Dec. 27, after Houston cut him.

Lin was in danger of being waived again, by the Knicks, before he started his streak on Feb. 3. He had done little to establish himself by that point, although he showed a few glimmers in games against Houston and Boston.

But a crucial decision point was approaching: whether to keep Lin and guarantee his $788,000 contract for the season, or release him. Teams had until Feb. 7 to cut players with non-guaranteed deals, and the Knicks officials considered waiving Lin.

“His expiration date was coming up,” D’Antoni said in an interview earlier this week. “We had to evaluate to see if there was something there or not.”

The guarantee deadline “kind of prompted us” to give Lin more playing time, he said.

Lin was shaky in that Boston game, leaving D’Antoni feeling ambivalent. But he decided to give him another shot the next night against the Nets.

Lin responded with the best game of his career, with 25 points and seven assists off the bench in a victory over the Nets. Two nights later, he got his first start and set the bar even higher, with 28 points and 8 assists.

Suddenly, there was no decision to make. Lin will be a Knick for the rest of this season, and almost certainly beyond.

The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift. Albert Einstein
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EnySpree
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2/11/2012  7:48 AM
I read that when Lin was waived that killed his early bird rights. Get Larry coon on the phone!
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BRIGGS
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2/11/2012  9:12 AM
If Lin keeps this up he will get a max contract
RIP Crushalot😞
thejerk
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2/11/2012  9:15 AM    LAST EDITED: 2/11/2012  9:16 AM
Without respect to the cap? If you had to guess, how much of his salary would count towards the cap when he gets resigned.
Knixkik
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2/11/2012  9:36 AM
Does that mean we can still use the mid level this summer on top of resigning him?
soundcrib
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2/11/2012  9:53 AM
Extend DAntoni before extending Lin? It's not crazy that Lin may wait and see. These two are perfect together. Lin called DAntoni an "offensive genius" last night. His comments don't fall on deaf ears anymore. Would he follow DAntoni? I say extend both. I think we need to.
JCrusher
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2/11/2012  10:15 AM
Didn't i hear that we do have lin's bird right after all. some articles are saying one thing and others are saying different
earthmansurfer
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2/11/2012  10:18 AM    LAST EDITED: 2/11/2012  10:23 AM
Yes soundcrib, I wanted to mention that. Lin is going out of his way in many interviews to give props to coach. And you know what, Lin is a smart smart guy - if he says that, then bring back coach. I have no problem with that. I have a problem with D'Antoni and has inflexibility and I had a problem with him and this team, but only because we didn't have a PG to fit him, and I made no bones about it. But now he has his pg and vice versa.

thejerk - I am sure his salary will count against the cap. But I forget if we get the mid level if we are under the cap which I don't think we will be. Someone must know that, can you jump in here as this is an important point. What the article was saying is we can go over the cap to resign him.

Enyspree - that is what I heard too and that is why I posted this. Had someone not claimed him then apparently that would be true, but since we claimed him we also "claimed" his rights it seems (And that makes sense). The final truth should come out soon enough. I was worried he might just walk back to GS but now it looks like he can't.

Briggs, he'll have to keep it up for a few more years first. I believe the most anyone can offer him is dependent on the CBA and in this situation I think the max he can get is around 5 million a year. His best bet is to sign for 2 more years at that and then I believe we can give him a much bigger raise than anyone could cause he will have been here 3 years by then. (Where as with another team he'd start over and be at 2, limiting his raise.)

The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift. Albert Einstein
smackeddog
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2/11/2012  11:12 AM
EnySpree wrote:I read that when Lin was waived that killed his early bird rights. Get Larry coon on the phone!

I've read a few articles that said we don't have his early bird rights too. This article actually makes more sense- if a player's waived and picked up off waivers, then isn't the team honoring the original contract? In which case we would have his rights- that makes more sense to me.

But even if we don't, we still have the GA rule in our favour, which means he can't get more than the MLE- so either way we can afford to re-sign him, but the good thing about having his early bird rights is that we wouldn't have to dip into the MLE- we could keep that for signing another player.

JCrusher
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2/11/2012  11:20 AM
According to Howard Beck we own lin's early bird rights which means we dont have to dip into MLE
RonRon
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2/11/2012  11:30 AM
earthmansurfer wrote:Yes soundcrib, I wanted to mention that. Lin is going out of his way in many interviews to give props to coach. And you know what, Lin is a smart smart guy - if he says that, then bring back coach. I have no problem with that. I have a problem with D'Antoni and has inflexibility and I had a problem with him and this team, but only because we didn't have a PG to fit him, and I made no bones about it. But now he has his pg and vice versa.

thejerk - I am sure his salary will count against the cap. But I forget if we get the mid level if we are under the cap which I don't think we will be. Someone must know that, can you jump in here as this is an important point. What the article was saying is we can go over the cap to resign him.

Enyspree - that is what I heard too and that is why I posted this. Had someone not claimed him then apparently that would be true, but since we claimed him we also "claimed" his rights it seems (And that makes sense). The final truth should come out soon enough. I was worried he might just walk back to GS but now it looks like he can't.

Briggs, he'll have to keep it up for a few more years first. I believe the most anyone can offer him is dependent on the CBA and in this situation I think the max he can get is around 5 million a year. His best bet is to sign for 2 more years at that and then I believe we can give him a much bigger raise than anyone could cause he will have been here 3 years by then. (Where as with another team he'd start over and be at 2, limiting his raise.)

only big market teams that have Dolan's philosophy would be willing to pay him that kind of money RIGHT away.
He has more attention than Tebow + Kobe combined, seriously this kid is drawing eyes everywhere.
Girls that don't know nothing about sports or the NBA, all the who Jeremy Lin is and have been watching games, and FBing about him non stop.
So in a business POV, he is worth quite a lot of money, with all the jerseys, attention, and media he brings alone.
Who knows how he will play and how he does with Melo and Amare in the future?

But this kid is something special, he single handedly took away all that negative energy * possibly with with Melo and Amare gone*, brought positive energy from fans from all over the world ,especially restoring it back home, he made his own team mates believe and regaining confidence in themselves, each other, and as a team/unit and stopping that doubt.
He has physically (with his play) and mentally greatly improved Novak, TC, Iman, Fields, JJ, Dantoni, and virtually everyone on the team *except the play of Bibby*.
Novak has greatly benefited from his play, opening the lane for Iman to enable him to penetrate, something he hasn't been able to do all year as the 2nd penetration threat.
The opponents defense now are focused on stopping him and it is improving the roles of each player and as a team.
Good things happen when the ball is in his hands and that positive energy is very LINfectious...

Many people here, called him D League material, while some here were were praising him to get that opportunity to play.
This is not a fluke, we have our own top 1st round caliber pick with Lin. I was very upset that Dantoni didn't give him didn't give this opportunity earlier.
With Baron Davis possibly coming back when he started practicing, he was close to being canned as a unguaranteed contract to make room.
I am sure Dantoni was given pressure to give him some PT so Grunweld could evaluate where he stood, with the lack of PG and penetration play.
Some people here, including me, were put on full blast to suggest that he could be our best STARTING PG, at the very least ahead of TD and Bibby.
Defensively, Lin also doesn't get enough credit for his defensive abilities/play, as he uses his speed, quickness, ability to stay in front of his man, and go through picks.

I really wonder what our pre Melo Knicks, with the addition of TC, Iman, Jorts, and Novak(or Shawnee Williams) would be able to do as our current talent is far inferior with Melo and Amare out. "Stars" and stats are greatly over rated and misleading and having Amare and Melo out, while we are achieving these wins is great blessing in disguise.
Do we own JJ's early bird rights, as I think he earned a better long term contract than the 1year veteran minimum deals? The writers/analyst have articles that conflict with each other, with the early bird rights and the waivering process affecting his contract for the future as a Knick. I don't know which ones are the true source to believe, with these 2nd round picks. It would be great if we could keep these players while saving our MLE for the summer if it is true. He has proved himself to be a great underdog on his way to becoming a star, overnight. Lin sensation, Year of Lin, LINsanity, is real and is a little hard to even absorb and believe.
He says the right things, is so humble, is a tough physically and mentally, and gives his team mates/coach much credit, its hard not to love this kid.
Whether he was sitting on the bench and cheering hard from the beggining of the year while not giving a single minute to play but continued support makes this kid even more lovable.

BRIGGS
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2/11/2012  11:47 AM
earthmansurfer wrote:Yes soundcrib, I wanted to mention that. Lin is going out of his way in many interviews to give props to coach. And you know what, Lin is a smart smart guy - if he says that, then bring back coach. I have no problem with that. I have a problem with D'Antoni and has inflexibility and I had a problem with him and this team, but only because we didn't have a PG to fit him, and I made no bones about it. But now he has his pg and vice versa.

thejerk - I am sure his salary will count against the cap. But I forget if we get the mid level if we are under the cap which I don't think we will be. Someone must know that, can you jump in here as this is an important point. What the article was saying is we can go over the cap to resign him.

Enyspree - that is what I heard too and that is why I posted this. Had someone not claimed him then apparently that would be true, but since we claimed him we also "claimed" his rights it seems (And that makes sense). The final truth should come out soon enough. I was worried he might just walk back to GS but now it looks like he can't.

Briggs, he'll have to keep it up for a few more years first. I believe the most anyone can offer him is dependent on the CBA and in this situation I think the max he can get is around 5 million a year. His best bet is to sign for 2 more years at that and then I believe we can give him a much bigger raise than anyone could cause he will have been here 3 years by then. (Where as with another team he'd start over and be at 2, limiting his raise.)

Earth--there are plenty of players who get paid after one year.... Think about how much money Jeremy Lin can make the Knicks if he plssy anywhere near close to that level. Almost any team would pay him 8 figures annually if he can do this for another 40 games. Hes going to make atleast 50mm and will get endorsements that match that

RIP Crushalot😞
Bonn1997
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2/11/2012  11:52 AM
smackeddog wrote:
EnySpree wrote:I read that when Lin was waived that killed his early bird rights. Get Larry coon on the phone!

I've read a few articles that said we don't have his early bird rights too. This article actually makes more sense- if a player's waived and picked up off waivers, then isn't the team honoring the original contract? In which case we would have his rights- that makes more sense to me.

But even if we don't, we still have the GA rule in our favour, which means he can't get more than the MLE- so either way we can afford to re-sign him, but the good thing about having his early bird rights is that we wouldn't have to dip into the MLE- we could keep that for signing another player.


Is that how it works? If you pick up a player on waivers, does that mean you claim his current contract or do you sign him to a new contract?
smackeddog
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2/11/2012  12:04 PM
Bonn1997 wrote:
smackeddog wrote:
EnySpree wrote:I read that when Lin was waived that killed his early bird rights. Get Larry coon on the phone!

I've read a few articles that said we don't have his early bird rights too. This article actually makes more sense- if a player's waived and picked up off waivers, then isn't the team honoring the original contract? In which case we would have his rights- that makes more sense to me.

But even if we don't, we still have the GA rule in our favour, which means he can't get more than the MLE- so either way we can afford to re-sign him, but the good thing about having his early bird rights is that we wouldn't have to dip into the MLE- we could keep that for signing another player.


Is that how it works? If you pick up a player on waivers, does that mean you claim his current contract or do you sign him to a new contract?

ha- don't quote me on that, but it's what I've always assumed- could be wrong though- can anyone confirm?

JCrusher
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2/11/2012  12:11 PM    LAST EDITED: 2/11/2012  12:13 PM
We still have his early bird rights i think since he had to clear waivers for his bird right to be reset
smackeddog
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2/11/2012  12:24 PM
Actually, now I remember- what the articles that said we didn't own his early bird rights were arguing wasn't that we still had his original contract, but that because he went undrafted, and wasn't a second round pick (or something), therefore he never had any early bird rights due in the first place.

So I suppose can anyone confirm- is it only players drafted that are entitled to early bird rights, or is it any player who is signed for 2 years?

earthmansurfer
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2/11/2012  2:02 PM    LAST EDITED: 2/11/2012  2:03 PM
BRIGGS wrote:
earthmansurfer wrote:Yes soundcrib, I wanted to mention that. Lin is going out of his way in many interviews to give props to coach. And you know what, Lin is a smart smart guy - if he says that, then bring back coach. I have no problem with that. I have a problem with D'Antoni and has inflexibility and I had a problem with him and this team, but only because we didn't have a PG to fit him, and I made no bones about it. But now he has his pg and vice versa.

thejerk - I am sure his salary will count against the cap. But I forget if we get the mid level if we are under the cap which I don't think we will be. Someone must know that, can you jump in here as this is an important point. What the article was saying is we can go over the cap to resign him.

Enyspree - that is what I heard too and that is why I posted this. Had someone not claimed him then apparently that would be true, but since we claimed him we also "claimed" his rights it seems (And that makes sense). The final truth should come out soon enough. I was worried he might just walk back to GS but now it looks like he can't.

Briggs, he'll have to keep it up for a few more years first. I believe the most anyone can offer him is dependent on the CBA and in this situation I think the max he can get is around 5 million a year. His best bet is to sign for 2 more years at that and then I believe we can give him a much bigger raise than anyone could cause he will have been here 3 years by then. (Where as with another team he'd start over and be at 2, limiting his raise.)

Earth--there are plenty of players who get paid after one year.... Think about how much money Jeremy Lin can make the Knicks if he plssy anywhere near close to that level. Almost any team would pay him 8 figures annually if he can do this for another 40 games. Hes going to make atleast 50mm and will get endorsements that match that

I miss read this Briggs. From the article: "The Knicks also own Lin’s “early-Bird” rights, which means they can offer him a starting salary up to the league average, about $5 million. If a team with cap room exceeds that figure, the restricted free agency rules allow the Knicks to match."

This is weird. So a team with cap space can offer him 10 million or whatever they want and we can match, but we ourselves (without another team bidding) can only off him up to 5 million!!! So basically, a team can do what GS did with Deandra Jordon and offer him more than he is worth, hoping we don't match. But to be honest, the way the kid is playing, I can't see that happening. Also, when Baron starts playing along with Amare and Melo, is scoring will go down, but assists are probably going to be around 12 to 15 a game. Yes, I'm saying that and bookmark it.

Someone with knowledge of the salary cap jump in here.

Thanks for making me think about this one. BTW - I had been following Lin ever since you mentioned him years ago and I have wanted him a our PG bad.

EMS

The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift. Albert Einstein
earthmansurfer
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2/11/2012  2:19 PM    LAST EDITED: 2/11/2012  2:23 PM
Briggs, I was just thinking. Isn't Deandre Jordon this exact case. He was a second round pick and GS offered him 10 million a year?

From: http://espn.go.com/los-angeles/nba/story/_/id/7341018/los-angeles-clippers-match-deandre-jordan-offer-sheet-golden-state-warriors-source-says

The Los Angeles Clippers plan to match the Golden State Warriors' offer sheet of four years and $40 million for center DeAndre Jordan, a league source said, a move that will practically force starting center Chris Kaman to seek a trade elsewhere, according to a second source.

A salary averaging $10 million annually is a breathtaking leap for a player who averaged seven points and seven rebounds last season, which was Jordan's third in the NBA -- for which he made less than $900,000.

Now maybe it's slightly different as Jordon played 3 years in the league. Again, anyone?

The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift. Albert Einstein
smackeddog
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2/11/2012  3:50 PM
earthmansurfer wrote:Briggs, I was just thinking. Isn't Deandre Jordon this exact case. He was a second round pick and GS offered him 10 million a year?

From: http://espn.go.com/los-angeles/nba/story/_/id/7341018/los-angeles-clippers-match-deandre-jordan-offer-sheet-golden-state-warriors-source-says

The Los Angeles Clippers plan to match the Golden State Warriors' offer sheet of four years and $40 million for center DeAndre Jordan, a league source said, a move that will practically force starting center Chris Kaman to seek a trade elsewhere, according to a second source.

A salary averaging $10 million annually is a breathtaking leap for a player who averaged seven points and seven rebounds last season, which was Jordan's third in the NBA -- for which he made less than $900,000.

Now maybe it's slightly different as Jordon played 3 years in the league. Again, anyone?

But the key difference is Lin wasn't drafted, even in the second round. Are undrafted players entitled to early bird rights?

eViL
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2/11/2012  3:53 PM
word. i cleared this up earlier this week. no one believed me.

glad we can lock him and landry in.

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Looks like Lin is a restricted FA and we can match any offer - latest article "Knicks in a Position to Keep Lin"

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