Knick News: Jeremy Lin Re-Signing Uncertain

For months now people expected that the New York Knicks would eventually re-sign point guard Jeremy Lin. Lin emerged as an international star with the Knicks and no one saw him going elsewhere. However, sources close to the situation say a Knicks-Lin reunion is not a forgone conclusion.

ESPN reports that if another team offers Lin a lucrative contract, the Knicks may not be able or willing to match the contract. The new collective bargaining agreement will employ a more punitive luxury tax starting the 2013-14 season, so the Knicks are being cautious about any free-agent signings.

While both Lin and the Knicks are hoping for a reunion, sources say that if any clubs offer Lin, a restricted free agent, a backloaded contract that pays him an eight-figure salary in the third and fourth years, the Knicks could be given pause about matching the offer.

The Toronto Raptors are one team that has the ability to offer Lin a nice contract and they can possibly bring him on to their team. The Knicks would like to re-sign Lin, but if the Raptors’ Plan A of Steve Nash fails, they will make a strong push for the Harvard grad.

 

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