The Knicks are unhappy. Not with their basketball team, rather the Houston Rockets who made slight changes in the offer sheet signed by restricted free agent Jeremy Lin. The deal was initially worth a reported $28.8 million over four-years, but the final season being a team option, has now be readjusted and figures to pay Lin $25 million over three years including much more guaranteed money. New York are unhappy because they figure Houston is playing hardball.

From The New York Post :

The back-loaded deal is something of a poison pill, and the Knicks will have salary commitments of about $87 million for eight players in 2014-15. That could be as much as $17 million over the luxury-tax threshold.

The original offer agreed upon last weekend was four years for $28.8 million, but only $19.5 million was guaranteed across the first three years. The final year was not guaranteed. There is no fourth year in the new offer sheet.

According to a source, Morey upped the offer because he heard the Knicks easily would match the old offer and had lost all his point guards. Morey is good friends with former Rockets center Yao Ming, Lin’s mentor.

The Knicks were angry even before yesterday at the Rockets because they did not receive the offer sheet on July 11, as is customary. It took two full days for Lin to sign it.