9:55pm: Lin’s Letter of Clearance didn’t arrive in time for the Warriors to sign and release him by today’s waiver deadline, reports Shams Charania of The Athletic (Twitter link).
Having failed to do so by today, it sounds like Golden State won’t sign and waive Lin after all, having turned to undrafted rookie Elijah Pemberton instead.
8:23pm: The Warriors would like to have Jeremy Lin under contract by 11pm Eastern today, but it may be hard to obtain the paperwork in time, tweets Marc Stein of The New York Times.
Lin and the team have reached an agreement, but are waiting for a FIBA Letter of Clearance from China. That type of document can be difficult to obtain on a weekend because international offices are closed, Stein adds.
Golden State was hoping to sign Lin and waive him before tonight’s waiver deadline so they can ensure they’ll have his G League rights (Twitter link). However, the transaction cannot be completed without the letter from FIBA.
The cost of waiting an extra day or two could be significant because the team is so far into the luxury tax, Stein notes. If the Warriors execute the move on Sunday rather than today, it would cost an extra $74,925 in tax penalties. Waiting until Monday would mean an extra $127,650 (Twitter link).
Lin, 32, has been working out in California recently with the G League Ignite, an NBAGL select team of top prospects and NBA veterans.
Why?
Trump?
probably cuz lin called him out for using that racist covid rhetoric so trump prob wanted to retaliate or something. tbh i think da cba doesnt wanna let its players transfer to da nba during a time when china and da usa r having a big feud. could pickup lin at trade deadline on a 10 day if possible but i doubt it
Well, he kinda sucks tbh. Doubt you’ve watched him in the past few years. We’re far removed from Linsanity. He’s probably going through it as we all are and just said F it. Merry Xmas
well he could still be a solid PG at least hes better than vanvleet.
Lacob laughs at tax penalties. Finally a billionaire who understands you cant take your money with you.
They’re already paying $137M in taxes, what difference would another $128K make?
Its like 2 mill more for a guy they might not use
Racing to sign Lin? Sounds like bad business.
Apparently Joe Lacob has millions to burn, more than 300 of them in 2021.
If only Frittata had them to burn in HOU, right?
Buuurn
Well at least Lin can say he has a ring…
true. his time in da nba might be over…. who knows? lets wait till next year.
tax penalties lol its worth it dis year yk cuz thompson is gunna be out for da rest of da season