From Melo's perspective it's two fold:
1. He's only looking at Lin's 3rd year, where he'll be getting $14.5 and not the contract as a whole.
2. He calls it ridiculous because he realizes the offer was made just to keep New York from matching (see below)
The key reason Lin's contract seems "ridiculous" is because of the Gilbert Arenas Provision (http://www.cbafaq.com/sa
The premise behind this provision was to let teams keep their second round picks that turned into superstars (e.g. Gilbert Arenas, Carlos Boozer, Monta Ellis) and not worry about them being signed away with contracts they couldn't match.
The new CBA has also added a change to the luxury tax law that means every additional $5 million over the luxury cap, you're dinged even more.
What Daryl Morey has been doing is using these two things together to make "poison pill" contracts. In essence he's offering players contracts that will end up costing their team $14 million + millions more in cap hit in their third year in an effort to get them not to match. http://wagesofwins.com/20
In reality, Lin is probably not getting overpaid, that's because it's impossible to even pay him an average salary his first two seasons of his new contract. However, he is likely not worth $14.5 million a year (what he's getting his third year) and the only reason he's offered this is because it makes it virtually impossible for the Knicks to match (as we saw).
By Wray Rives, CPA CGMA
Some of the primary reasons:
By Nick Pritzakis, Nicks Fan
I have no clue. But it's not cool, if you ask me. Those guys are paid to play the game, not to be arm chair GMs.
Jeff Van Gundy, in an ESPN radio interview, mentioned that it was odd for players to judge other contracts ... and usually they are supportive of the deals they get.
One thing is for sure, Melo and JR know more about Lin's game then anyone in the media. They've practiced with the dude ... and they have a better idea of what he can do. But they were definitely hating on him by making those comments.
Maybe they knew he wasn't going to sign, and they just wanted to soften the blow and prepare the fans ... not sure.
More questions on Jeremy Lin:
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