Knicks411
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Just went to Larry Coon's website
So the contract you propose would not be allowed under the CBA. You'd be stuck having to make the last year a team option, which is what they did in the first place, and then when the Knicks kept making noise about how they would match anything, they decided to change it.
The second-year salary in such an offer sheet is limited to the standard 4.5% raise. The third-year salary can jump considerably -- it is allowed to be as high as it would have been had the first-year salary not been limited by this rule to the Non-Taxpayer Mid-Level exception2. The salary in the fourth season may increase (or decrease) by up to 4.1% of the salary in the third season. The offer sheet can only contain the large jump in the third season if it provides the highest salary allowed in the first two seasons, it is fully guaranteed, and it contains no bonuses of any kind.
So the contract you propose would not be allowed under the CBA. You'd be stuck having to make the last year a team option, which is what they did in the first place, and then when the Knicks kept making noise about how they would match anything, they decided to change it.