Jeremy Lin leaving New York?

The New York Knicks are apparently letting restricted free agent Jeremy Lin walk to the Houston Rockets after his incredible breakout season.

Sources have stated that it was purely a business decision to let him leave – the contract Houston offered will pay Lin $14.8 million in 2014-15 (his third season). In the 2014-15 season, the Knicks already have $23.4 million owing to Amar’e Stoudemire, $23.5 million owing to Carmelo Anthony as well as $14.6 million owing to Tyson Chandler.

According to the latest CBA salary tax rules, the Knicks would face over $28 million in tax in the 2014-15 season by having all 4 players on their roster.


About Eternal Hoops

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Posted on July 18, 2012, in NBA Off-Season, Rumours, Signings and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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