Jeremy Lin Agrees to Poison Pill Deal With Rockets; Will the Knicks Match?
The Rockets and Lin have been trying to put together a deal that would be impossible for the Knicks to match. The Knicks have been saying that they will match any offer, but we will see.
Houston has agreed to terms with Jeremy Lin on an offer sheet, source tells Y!
— Adrian Wojnarowski (@WojYahooNBA) July 5, 2012
The poison pill is when a contract is backloaded in a way to discourage teams from matching offer.
Offer sheet for Lin will pay him $5M in year one, $5.2M in year two and $9.3M in years three and again in team option year four, source says.