Saturday, June 30, 2012
Knicks to be Patient with Lin Contract?
What is the market value for point guard Jeremy Lin? Knicks general manager Glen Grunwald can’t wait to find out now that Lin officially has his early Bird rights after the NBA dropped its appeal last night.
According to people familiar with the Knicks’ strategy, Grunwald will be patient in the Lin negotiations and allow the market to set Lin’s price tag. Because Grunwald can match any offer, he can sit back and wait.
Lin becomes a free agent tomorrow at 12:01 a.m. and Grunwald can offer him a maximum four-year deal starting at $5.5 million with 7 percent raises — a package worth $24.5 million.
Don’t expect it. Grunwald will see if Lin gets an offer in that neighborhood as the first full-fledged, free-agent period since the lockout plays itself out.