Houston Rockets general manager Daryl Morey has already likely pulled Omer Asik away from the Chicago Bulls with a backloaded contract that exploits a salary cap loophole in the new CBA, but that may only be the start of his diabolical madness. Marc Berman of the New York Post reported Wednesday morning that Morey is set to offer New York Knicks point guard Jeremy Lin a backloaded four-year, $30 million contract that could wreck New York's offseason plans.
According to Berman's source, the offer to Lin would be for $5 million and $5.2 million in the first two years and $10 million in the final two years. The Knicks can offer Lin the full early-Bird Rights exception, which is worth $23 million over four years, but all indications are that they will match any offer sheet signed by Lin, regardless of the price.
But the "poison pill" offer by Morey may indeed force the Knicks to re-think their stance. If Lin signed Houston's offer sheet and it was matched by the Knicks, New York would be committing nearly $68 million to Lin, Carmelo Anthony, Amare Stoudemire and Tyson Chandler alone in the 2013-2014 and 2014-2015 seasons.