Report: Lin offered deal by Rockets

Jeremy Lin.
CHRIS TROTMAN/GETTY IMAGES

If Linsanity returns to the Knicks, it’s going to come at a huge markup.

The Houston Chronicle reports that Knicks point guard Jeremy Lin has been given an offer sheet somewhere in the neighborhood of four-year, $30 million deal the Rockets offered Goran Dragic. Dragic turned the offer down and will reportedly sign with the Suns.

As a restricted free agent, the Knicks will have an opportunity to match any deal Lin receives. If he agrees to the Rockets’ deal, the Knicks will have three days to match it.

The contract offered to Lin would be for approximately $5 million each of first two seasons, with a large increase in the final two seasons, often referred to as a “poison pill.” The new NBA collective bargaining agreement has a stricter luxury tax beginning in 2013-14 and the Knicks would likely be over the cap with just the contracts of Lin, Carmelo Anthony, Amar’e Stoudemire and Tyson Chandler if they matched the Rockets’ offer.

The Knicks’ point guard options are limited now that Steve Nash will be acquired in a sign-and-trade deal with the Lakers Wednesday. No contracts can be signed until July 11.

Lin played for the Rockets last preseason before being cut and signing with the Knicks. He averaged 14.6 points and 6.2 assists per game in 35 games (25 starts) last season. After a small tear in the meniscus of his left knee was discovered March 24, he had surgery and missed the rest of the season.

Follow Metro New York Sports Editor Mark Osborne on Twitter @MetroNYSports.


News
Entertainment
Sports
Lifestyle
International

'Barack Obama cheats on Michelle' claims Japanese politician…

A senior Japanese politician has marred Barack Obama's official visit to Tokyo with bizarre claims that the President cheats on his wife Michelle. Kazuyuki Hamada,…

International

British Royal family devastated by freak NY death…

The British royals have been left devastated by the death of Mark Shand, younger brother of Camilla, Duchess of Cornwall, after a freak fall in…

Local

VIDEO: Police seek suspect in molotov cocktail attack…

Police released surveillance video on Wednesday in hopes of tracking down a man who threw a molotov cocktail inside a Brooklyn corner store.

Local

City Council budget asks for 1,000 additional NYPD…

Speaker Melissa Mark-Viverito unveiled the City Council's budget priorities on Wednesday, including the extra cops for the NYPD at a cost of $94.3 million.

Television

‘Survivor: Cagayan’ recap: Episode 9

It was only an hour-long episode, but there's a lot to cover this week. The drama of Survivor strikes again as the identity of the…

Television

TV watch list, Wednesday, April 23: 'Suburgatory,' 'Modern…

'Suburgatory' The men of "Suburgatory" go camping and Tessa mentors a social outcast in a Miss Chatswin contest, which brings her, once again, into conflict…

The Word

The best lines from Oprah's ex-stepmother's Daily Mail…

Oprah’s ex-stepmother, Barbara Winfrey, is out for revenge.

Books

A debut novel about fate, love and moving…

Pia Padukone talks about her debut novel, "Where Earth Meets Water."

NFL

2014 NFL Mock Draft: Updated, new April 24…

2014 NFL Mock Draft: Updated, new April 24 version

NFL

Giants 2014 regular season schedule

The Giants will play five prime-time games — against the Lions, Redskins, Eagles, Colts and Cowboys.

MLB

Jets 2014 regular season schedule

The Jets will play three prime-time games — against the Bears, Patriots and Dolphins — as well as a CBS national game in Week 2 at Green Bay.

NBA

Phil Jackson talked to Steve Kerr, pushes for…

Knicks president Phil Jackson spoke to the media for the first time since firing head coach Mike Woodson on Monday.

Style

Pippa Middleton's Etsy pick: Golden Thread Jewelry

Get a look at the jewelry Pippa Middleton loves and find out how you can buy it too.

Parenting

What every parent needs to know to get…

Mom and author of "Small Talk," Tracey Blake, shares her five practical tips to help you develop your children's language skills.

Sex

Subway crush: Meet your soulmate on your commute

Read about a couple who has been 40 years after meeting on the train.

Tech

Happy birthday, Game Boy! The handheld console turns…

Nintendo's Game Boy turns 25 this week. To commemorate, we look at some of its better games, like "Tetris" and "The Legend of Zelda: Link’s Awakening."