Jeremy Lin Rumors: Poison Pill Deal Could Scuttle Knicks' Chances to Retain Star

Jesse ReedCorrespondent IJuly 2, 2012

NEW YORK, NY - MARCH 20:  Jeremy Lin #17 of the New York Knicks looks on against the Toronto Raptors at Madison Square Garden on March 20, 2012 in New York City.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Chris Chambers/Getty Images)
Chris Chambers/Getty Images

Maybe Linsanity isn't a lock to play for the New York Knicks, after all. 

According to's Chris Broussard, there is a distinct possibility that a team like the Toronto Raptors could offer Jeremy Lin a backloaded four year, $40 million contract—known in the industry as a "poison pill" contract—that would pay Lin $15 million in his final two seasons.

The Knicks would have to consider letting him go, if that's the case. According to Broussard's report, they can only offer him a deal in the neighborhood of four years for $24.5 million.

I have a couple of thoughts about this right off the bat. 

First off, the Knicks would be foolish to try and match an offer that comes anywhere close to resembling this proposed "poison pill" deal.

Lin is a good player, and it's possible he could become a great player in the future. But there is also the possibility that he never lives up to the hype and becomes another one-year wonder. 

Secondly, I have a hard time believing that the Raptors, or any other team, would pay him this kind of money. It's patently absurd to think that Lin might garner such a fat contract after playing for only half a season for the Knicks.

That said, I won't be shocked to see logic get thrown out the window. Lin is a hot commodity right now from a marketing standpoint, and a team like the Raptors could decide to take a big gamble on him. 

If Lin is offered this kind of contract, it doesn't matter how much he likes New York or how much the Knicks like him as a player—they won't match the offer. 

This story is a long ways from its conclusion, so stay tuned to Bleacher Report for all the latest news on Linsanity, the NBA and everything else that's happening in the sports world.