Tuesday, July 17, 2012
Jeremy Lin headed to Houston, report says
According to The New York Times' Howard Beck, the Knicks have decided not to match the Rockets offer sheet for Jeremy Lin. The contract is believed to include a “poison-pill” third year which would pay the 23-year-old pointWill the NBA's 'poison pill' contract force rich teams to choose between large payrolls and young players? By Chip Lebovitz, reporter FORTUNE -- Last week New York Knicks rookie phenom Jeremy Lin stormed back into theRemember Raymania? No? What about Feltonomy?First, the luxury tax is now progressive. Each additional $5 million a team is over the luxury tax will progressively cost them more. The near $15 million that Jeremy Lin would make would cost an additional $37.5 million dollars.According to The New York Times' Howard Beck, the Knicks have decided not to match the Rockets offer sheet for Jeremy Lin. The contract is believed to
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