Apparently, Jeremy Lin’s $4.2 million two-year contract which he signed with the Hornets last summer has an opt-out clause which means that he can be a free agent next summer if he wishes to be.
It was a good strategy for Lin since his $2.1 million per year contract is really a bargain considering the contribution he is doing for the Hornets. Reports now have it that he could actually be one of the top point guards that could join the free agency this coming summer.
Considering his global following, Lin is certainly worth more than $2.1 million so team owner Michael Jordan was right when he said that their biggest acquisition last summer was not Nicolas Batum but Jeremy Lin.
Obviously, the other teams are now recognizing it too, which was not there when Jeremy Lin played for the Houston Rockets for two years and then with the Los Angeles Lakers last year.
It is unlikely for the Charlotte Hornets to let Jeremy Lin walk but the team is facing a lot of other free agents to take care of including Nicolas Batum, whom they would give maximum contract most likely. There is also the possibility that Al Jefferson may opt out so the team would need to shell out money to address their frontline.