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Old 11-15-2012, 05:31 AM   #37
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Join Date: Jun 2012
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Default Re: The Official "Discuss Jeremy Lin's Performance" Thread

Originally Posted by stevieming
Just read that third year is a team option, and:


With a Team Option, the player has no say in the outcome. If the team invokes the option, the player is under contract for another year. If the team does not invoke the option (meaning they do nothing), the player becomes an unrestricted free agent.

So if Jeremy carries on playing like the crap he is doing, he won't get that big fat pay off in the third year.
actuAlly i just looked it up you're only part right
In other words, the Knicks will have the option after the 2013-2014 season to waive Jeremy Lin, take his third-year $15 million salary and spread it out with its cap hit over the following three seasons. In each of those three seasons, the Knicks would have $5 million of dead money on the cap. Doing that would all but eliminate the insane luxury tax payment the Knicks would have to endure in 2014-2015, which is supposedly stopping them from re-signing Lin.
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