Jeremy Lin Rumors | Hoops Rumors

Lin’s Return To Knicks Not A Slam Dunk

May 21st, 2012 at 8:46am CST by Daniel Seco

Jeremy Lin's agent Roger Montgomery spoke with the New York Post about his client's future and stated that a return to the Knicks is not a guarantee, writes Marc Berman. Lin is set to become a restricted free agent on July 1 which allows for the Knicks to match any offer made by another team to retain Lin's services. When asked about whether he thought negotiations with the Knicks would be a simple process this summer, Montgomery expressed his concern that getting Lin a new contract would be a drawn out endeavor.

"I don’t expect that. We’re not anticipating that’s going to happen. We don’t have assurances of anything. I know history shows most restricted free agents go back to their team, but I’m not going to assume anything. We’re waiting to see what happens."

Montgomery's goal as an agent is to create buzz that Lin may not re-sign with the Knicks so that other teams provide his client with a robust offer sheet. While the Knicks have the opportunity to match any offer sheet, they may face luxury tax issues during the third and fourth years of the contract if other teams make him a large offer (up to $15MM per season). If this is the case, the Knicks will have to determine if the money received from Lin-related merchandise sales will outweigh the luxury tax the franchise will surely have to pay if the former Harvard star is presented with a back-loaded offer sheet.

Look for Toronto to make Lin an impressive offer as the team is in search of a young point guard who will bring buzz to the beleaguered franchise in a city with a large Chinese population. Lin made $765K during the 2011/2012 season in which he averaged 14.6 points per game and 6.2 assists per game in 35 games with the Knicks. For more on Lin, check out Hoops Rumors' Free Agent Stock Watch series where we analyze the star point guard's prognosis for free agency this summer.

Mavericks, Nets Among Teams Eyeing Jeremy Lin

May 16th, 2012 at 4:36pm CST by Luke Adams

If the NBPA is successful in its appeal to allow players claimed on waivers to retain their Bird rights, the Knicks will head into the offseason in much better position to keep their free agents. But either way, New York figures to make locking up Jeremy Lin a top priority this summer.

The Knicks won't be the only team looking to sign Lin though. According to Alex Kennedy of HoopsWorld, the Mavericks, Nets, Raptors, Trail Blazers, and Warriors are among the clubs eyeing the point guard.

Because Lin will be a restricted free agent that has played two years or less in the NBA, he'll be subject to the Gilbert Arenas provision. Rival teams will be able to offer Lin lucrative, back-loaded deals, but the Knicks will be able to match any offer sheet using their mid-level exception, since the first-year salary can't exceed $5MM.

We've heard the Raptors mentioned as a possible suitor for Lin, and the Mavs and Nets both make sense, depending on whether they miss out on Deron Williams. The Blazers also figure to have plenty of cap space and a need for a point guard, as I outlined earlier today. It's hard to imagine the Warriors being serious contenders for Lin, since they won't have cap room, and have a more glaring hole at small forward.

NBPA Releases Statement On Bird Rights Issues

May 15th, 2012 at 10:20pm CST by Daniel Seco

Billy Hunter, the executive director of the NBA players' association, released a statement this evening addressing free agency issues involving J.J. Hickson, Chauncey Billups, Jeremy Lin and Steve Novak, reports USA Today's J. Michael Falgoust (via Twitter). All four players are hoping that an arbitrator will allow them to keep valuable rights as they hit free agency this summer.

“Bird and Early Bird rights are among the most valuable rights that players have by a player to select a team through free agency. We will ask the arbitrator to resolve this dispute on an expedited basis and prior to the commencement of free agency."

By allowing these players Bird and Early Bird rights, teams will be able to go above the salary cap to retain their own players. This directly impacts the Trail Blazers (Hickson), Clippers (Billups) and Knicks (Lin and Novak). Hoops Rumors writer Chuck Myron broke down the situation in great detail earlier this week.

Atlantic Rumors: Knicks, Pietrus, Deron Williams

May 14th, 2012 at 7:47pm CST by Chuck Myron

As two Atlantic Division teams go at it tonight in Game 2 of the Celtics-Sixers series, let's check on what's happening off the court:

The Knicks stand to gain if the union prevails on its contention that players claimed off waivers may retain their Bird Rights, but only by so much. If the arbitrator rules in favor of the union, that could allow the Knicks to re-sign Jeremy Lin and Steve Novak while using the mid-level exception on another player. Yet, as Howard Beck of The New York Times points out, the team would have only the smaller taxpayer mid-level exception if retaining Novak and Lin, along with their other free agents, pushes them above the $74MM luxury tax apron. Currently, the team has approximately $58.7MM guaranteed to players next season, with seven free agents and two players on non-guaranteed deals (All Twitter links).
Mickael Pietrus, a free agent after the season, will have arthroscopic surgery on his right knee this summer, and hinted that he may re-sign with the Celtics, according to Jackie MacMullan and Chris Forsberg of ESPNBoston.com. Pietrus underwent the same procedure on the knee during this past offseason.
At the bottom of this piece by Alex Kennedy of HoopsWorld, Nets shooting guard Anthony Morrow offers a glimpse into the mind of top free agent target Deron Williams. Among other things, Morrow says that Williams "really likes Brooklyn," and loves the team and his teammates.

Union Seeks Ruling On Bird Rights, Waiver Claims

May 14th, 2012 at 5:48pm CST by Chuck Myron

The player's union is challenging the NBA's declaration earlier this year that players who are claimed off waivers lose their Bird rights, Howard Beck of The New York Times reports. The union is seeking an arbitrator's ruling by July 1, which would have significant impact for several free agents and their teams.

If the union is successful with their challenge, it will be easier for many of the teams who claimed players off waivers this year to re-sign their players. The most prominent examples are the Knicks with Jeremy Lin and Steve Novak, the Clippers and Chauncey Billups, and the Blazers and J.J. Hickson. All of those players were claimed off waivers this season and are at the end of their contracts. If the union's challenge is successful, the teams will be allowed to retain those players using either Early Bird, in the case of Lin and Novak, or full Bird rights, as with Billups and Hickson. There were an unusually high number of players claimed off waivers this year, but the other four players on that list were either waived for a second time this season without being claimed, or have contracts in place for next year.

The league clarified its interpretation of the rule earlier this year, shortly after Lin became a sensation for the Knicks. It cited a clause in the collective bargaining agreement that said players lose their Bird rights when they're waived, regardless of whether a team claims them. The union contends that because everything else about a player's contract remains intact if he's claimed off waivers, the Bird rights should remain as well. Bird rights are tied to the number of years a player spends with a team. He must have finished at least two seasons with a team to have Early Bird rights and three for full Bird rights. Beck says that the union's case also compares a waiver transfer to a trade, arguing that because Bird rights are retained in trades, when players are sent to another team against their will, the same should be true when they're waived and claimed, also against their will.

The union and the league must select an arbitrator before the matter can proceed. Since, as Beck writes, much of the union's case centers around the spirit of the law, and the league is going off specific language in the CBA, it seems unlikely the arbitrator will rule in the union's favor. Still, it will be interesting to see how the pending case will affect teams as they prepare for the draft, which takes place three days before the date by which the arbitrator has been asked to rule.

Knicks Rumors: Smith, Lin, Nash, Fields

May 14th, 2012 at 4:40pm CST by Luke Adams

On Friday, I examined the Knicks' salary cap situation heading into the offseason and explained the obstacles facing the team as it looks to retain its own free agents and bring in more talent. With the help of CBA expert Larry Coon, ESPN.com's Jared Zwerling explores the same topic more extensively. While our conclusions were similar, Zwerling was able to add some details on the thinking of the club and its free agents. Here are the highlights:

A source tells Zwerling that J.R. Smith's father Earl is going to try to convince his son to stay in New York but that "it's very clear that the money is the biggest factor with him." In fact, Smith chose the Knicks over the Clippers in free agency this past season because he was financially broke and the Knicks had more money to offer, according to Zwerling.
One source on Jeremy Lin: "He's going to be in New York next year regardless, unless they decide they're not going to match him because [Steve] Nash is going to come in at $5 million or something like that. But Nash is a pipe dream. I think that they keep Lin, just because of his popularity."
If Lin re-signs in New York, the Knicks will be hard-pressed to retain Landry Fields. Zwerling hears from a source that Fields may get a $5MM-per-year offer, not because he's necessarily worth that, but because teams often have to overpay to pry restricted free agents away.

Odds & Ends: Olympics, Butler, Bosh, Chandler

May 14th, 2012 at 3:24pm CST by Luke Adams

Let's check out some odds and ends from around the Association as we prepare for a pair of second-round playoff games in Boston and Oklahoma City….

Matt Steinmetz of CSNBayArea.com reports that the following players have been named to the U.S. select team, which will scrimmage against the Olympic roster this July: Klay Thompson, Jeremy Lin, Paul George, Gordon Hayward, Kawhi Leonard, DeJuan Blair, Ryan Anderson, Taj Gibson and Derrick Favors. We'd previously heard that Kyrie Irving, John Wall, DeMarcus Cousins, and DeMar DeRozan would be part of the squad.
With the Clippers and Spurs preparing to face off in round two, Caron Butler tells reporters, including Jeff McDonald of the San Antonio Express-News, that he very nearly signed with the Spurs in December (Twitter link).
The Heat announced today that Chris Bosh has a strained abdominal muscle and will be out indefinitely (Twitter link). Bosh's comments to the media today indicated that he's not expecting to return during the Pacers series (Twitter link).
Defensive Player of the Year Tyson Chandler would like to become a bigger offensive threat for the Knicks next season, as Jared Zwerling of ESPNNewYork.com writes.

Raptors An Option For Nash, Lin?

May 13th, 2012 at 5:47pm CST by Sean Highkin

Mitch Lawrence of the New York Daily News suggests in a column that the Raptors may make free-agent offers to point guards Steve Nash and Jeremy Lin, though they're a long shot to land either player.

Lawrence suggests that, despite Nash's Canadian roots being a potential draw for Toronto, he wants to play for a contender, which rules out the Raptors.

Lin's situation is more complicated, Lawrence writes. Since the Knicks phenom is a restricted free agent with less than two years of NBA experience, offers from other teams are limited by the Gilbert Arenas rule, which forbids teams from going above the $5MM midlevel exception on offer sheets. Because of this, the Raptors will have to back-load any offer they make to Lin, and even though the Knicks are limited financially, Lawrence believes he is too valuable from a marketing standpoint to let go.

Woodson: Lin Will “Absolutely” Return To Knicks

May 10th, 2012 at 12:49pm CST by Luke Adams

According to coach Mike Woodson, free agent point guard Jeremy Lin will "absolutely" return to the Knicks for next season. Woodson told reporters, including Stefan Bondy of the New York Daily News, that Lin is a key part of the team going forward.

"Jeremy's a big part of our team. Will he start? Only time will tell," Woodson said. "He has to recover from his knee and use the summer to work on his game to put himself in the best position possible for our ballclub…. He has started for our team and he has played well for our basketball team. But this summer will be very pivotal for him in terms of his improvement and the future is very bright for him. Will he be back next year? Absolutely. He's a big part of our ballclub."

Earlier today, we heard that there could be as many as six teams preparing to make a run at Lin in free agency. However, since the 23-year-old is a restricted free agent, the Knicks will have the option to match any offer sheet he signs with another club.

While Woodson's comments don't guarantee anything – Woodson himself isn't even under contract for next season yet – it appears that New York is prepared to match any offers for Lin. Doing so would probably mean using up most or all of the team's mid-level exception, limiting its ability to sign other free agents.

Knicks Rumors: Nash, Lin, Fields, Novak

May 10th, 2012 at 9:58am CST by Luke Adams

Following New York's Game Five loss in Miami last night, we rounded up a few Knicks-related notes, but the news and rumors keep coming. Here's the latest as the Knicks prepare for an eventful offseason:

Amare Stoudemire would love to play alongside former Suns teammate Steve Nash in the Big Apple next year, as he told Frank Isola and Kevin Armstrong of the New York Daily News. "Everyone knows that Steve loves New York and that New York loves Steve," Stoudemire said. "I love Steve. It would be great to have him here next year."
It's long been rumored that the Suns will offer Nash a two-year, $20MM deal, but Alex Kennedy of HoopsWorld believes the point guard will leave money on the table to join a contender (Twitter link). The above-linked Daily News report suggests that if if Nash were to sign for the veteran minimum, he'd only go to a title contender. I'm not sure why he'd have to settle for the minimum though, no matter where he signed.
Jeremy Lin endorsed Knicks coach Mike Woodson, and told Marc Berman of the New York Post he'd like to remain in New York. According to Steve Kyler of HoopsWorld, as many as six teams could be preparing to make a run at Lin, though as I explained yesterday, the Gilbert Arenas provision will allow the Knicks to match any offers.
Landry Fields and Steve Novak were among the other Knicks free agents to express their desire to return next season. Fields told Ian Begley of ESPNNewYork.com he'd "love" to be back, while Novak said there's no place he'd rather play, according to Jared Zwerling of ESPNNewYork.com. I think Fields will be re-signed, but the team may not have the financial flexibility to hang on to Novak.
Despite their early exit from this year's postseason, the Knicks are on the right track, says Tom Ziller of SBNation.com. Stoudemire also sees better days ahead for the team, as George Willis of the New York Post writes.