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re: Carmelo Anthony calls Jeremy Lin's contract "ridiculous" (J.R. Smith chimes in)
Posted on 7/16/12 at 6:38 pm to crimsonsaint
Posted on 7/16/12 at 6:38 pm to crimsonsaint
quote:
Am I missing something? 3 yrs / 25 mill is ridiculous, but 3 yrs / 67 mill is just fine?
You're missing the context of the NBA rules and the poison pill in the contract, which is the $14 million in the third year which ends up costing the Knicks about $50 million in the third year.
THAT'S what's ridiculous about the contract. The poison pill, not the 3/25.
1
Posted on 7/16/12 at 10:33 pm to Sophandros
quote:
You're missing the context of the NBA rules and the poison pill in the contract, which is the $14 million in the third year which ends up costing the Knicks about $50 million in the third year.
THAT'S what's ridiculous about the contract. The poison pill, not the 3/25.
Madison Square Garden's market cap increased by 600 million since Linsanity started. They should probably think on that.
On another note, why is anyone upset with Lin or the Rockets? Can you blame a guy and his agent for trying to get more money? Then we have people making it sound like the Rockets are evil for increasing the dollars on the final year. Why not change their offer once the Knicks made it apparent they would match the previous offer? Isn't the whole point of giving a player an offer sheet to acquire said player?
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