If any clubs offer Jeremy Lin a backloaded contract that pays him an eight-figure salary in the third and fourth years, the Knicks may think twice about matching the offer, sources tell Chris Broussard of ESPN.com. With a more punitive luxury tax in the years ahead, paying Lin upwards of $10MM in 2014/15 and 2015/16 could prove to be extremely costly for the Knicks.
The Raptors may be the only team that might consider offering Lin a “poison pill” deal. Earlier today, Toronto offered Steve Nash a three-year, $36MM deal but could turn to the Knicks guard if they are rebuffed.
Matching such a contract would give the Knicks four players in Lin, Carmelo Anthony, Amare Stoudemire, and Tyson Chandler making more than $14MM in 2014/15 season. Those four players alone would earn $72MM, nearly $2MM above the luxury tax.