FanShot

The well-intentioned rule is having unexpected consequences. The Rockets cannot outbid the Knicks,...

The well-intentioned rule is having unexpected consequences. The Rockets cannot outbid the Knicks, but because they are under the cap, they are permitted to give Lin a balloon payment — a so-called poison pill — in the third year of his deal. Houston originally set that figure at $9.3 million and then increased it to $14.98 million, close to the maximum allowed. For cap purposes, Lin’s three-year salary would count as an average for Houston, or $8.4 million a year. But the Knicks would be charged the full amount in 2014-15, costing them $50 million to $60 million in a combination of salary and luxury taxes, rival executives said.

http://gothamist.com/2012/07/16/lintroduction_to_msg_economics_why.php
X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join Posting and Toasting

You must be a member of Posting and Toasting to participate.

We have our own Community Guidelines at Posting and Toasting. You should read them.

Join Posting and Toasting

You must be a member of Posting and Toasting to participate.

We have our own Community Guidelines at Posting and Toasting. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker