Since they claimed him off waivers the Knicks retain his early bird rights. If he had cleared waivers they would not have.
No, this is ONE interpretation of the rule. Larry Coon said that nobody knows if this is how the league rules in this case. Nobody knows how the new CBA will handle this kind of situation.
I don't think that is accurate. They were talking about this today on the radio.
Lin will be a restricted free agent this summer and the Knicks can match any offer only up to their mid-level exception. The Knicks do not own any Bird Rights because he was claimed off waivers but he is sort of protected by the Gilbert Arenas rule which says that rival teams can't offer anything more than the average player salary to a restricted free agent with two years or fewer in the NBA. However, because the Knicks are over the cap they can't sign him beyond their 5 million mid-level exception which is usually in the range of an average salary.
I think the average player salary is 5.15 million. So, if I understood this correctly, unless the Knicks make moves to get under the cap, they can be outbid because all they can do is match up to the mid level exception. How much of a slap in the face would it be if the Knicks lose out on resigning the guy by a couple hundred thousand or less. OUCH!!!!
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