Agent: No Guarantee Jeremy Lin Returns To New York

Agent: No Guarantee Jeremy Lin Returns To New York
Sports
Like Us On Facebook
Like Us On Facebook


The New York Knicks do not want to lose upcoming restricted free-agent Jeremy Lin and did not think there was a chance they would. Now the emerging star’s agent, Roger Montgomery, is reportedly suggesting that it’s going to be a process to lock up Lin to a long-term deal.

Marc Berman of the New York Post interviewed the agent and asked him if he thought the contract negotiations would be simple.

“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.’’

They are waiting to hear the results of the Players Association’s arbitration hearing on Lin’s behalf, which concern his Bird rights. If they win, New York can circumvent the cap to re-sign Lin and should match any offer.

Regardless of how the arbitration turns out, it is looking more and more likely that Montgomery will be seeking another suitor who has the cap space to back-load their offer and make a more financially appealing push to land the player.

Here is Berman’s explanation on how Lin can be offered a big contract from a competitor, assuming the Players Association loses their arbitration hearing concerning Lin’s Bird rights:

Under the CBA, teams under the cap — such as Toronto — can offer Lin the league’s average salary of about $5M for the first two years, then jack the third and fourth years to the maximum of $15 million. The club is permitted to do so only if it is far enough below the cap to take in the average wage of Lin’s four-year offer. Such a “back-loaded offer’’ causes concerns for the Knicks, who by the third year of Lin’s contract would be well over the luxury-tax apron of $74 million, costing them a heavy tax and their full mid-level exception as a taxpayer.

If a team, such as Toronto, makes a financially enticing pitch to bring Linsanity to their city, New York will have to seriously weigh their options if they want to consider matching.

On one hand, they retain a huge marketing opportunity and, potentially, an incredible basketball player (based on a limited 26-game sample). On the other, he’s coming off an injury and it is unknown if he will ever live up to such a massive deal.

One thing is certain, we likely won’t know anytime soon what will happen with Jeremy Lin. The player and his agent will likely use the upcoming offseason to the fullest extent in order to maximize earnings and financial security.

Elite.

Photo Credit: Getty Images

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Sports

Sports Julian Sonny

15 Reasons Why Your Fantasy League Should Be Using An Auction Draft

Are you a fantasy football owner who’s stuck in the past? It’s OK, so are millions of other jabronis out there. While snake draft order might seem like the traditional, All-American way to go when it comes to picking your players, you’ll learn it’s nothing but a completely outdated process that needs serious revamping. Sure, […]

Sports Joseph Milord

Why Bandwagon Fans Might Just Be The Smartest Fans In Sports

As the start of the NFL’s season creeps ever closer, there’s one group everyone will be on the lookout for: bandwagon fans. When the droves of Seahawks fans, who just learned what “L.O.B.” means last week, or waves of X-team-that-does-surprisingly-well come out of the woodworks, you can expect for them to be publicly and ruthlessly […]

Also On Elite

World

‘Yelp For Weed’ Runs First-Ever Marijuana Ad In The New York Times (Photo)

Less than a month after New York passed a bill to legalize medical marijuana, Leafly became the first company to run a pro-weed advertisement in the New York Times. Leafly, which ran the ad on Sunday, is a review-based website that allows its users to critique and review strains of cannabis. The company specifically targets […]

Success

The Most Ridiculous Things People Put On Their Résumés This Year

Being creative in order to stand out on your résumé can be a good thing; however, if you decide to be too outrageous, you may soon find yourself on this list. Since 1966, staffing firm Robert Half International has been publishing the most ridiculous things it’s witnessed on applicants’ résumés, applications and cover letters. These […]

World

Watching This One-Eyed Lamb Try To Walk Is Guaranteed To Give You Nightmares

The following footage is either the freakiest creature you have ever seen or a strikingly realistic animatronic puppet. This unverified video shows what appears to be a sheep with a single, giant eye and an over-sized mouth being presented by a farmer in Turkey. It’s not uncommon for animals to be born with one eye, […]