Winderman: Lin’s offer sheet not problem, Knicks entire payroll is

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This is where many get the NBA luxury tax wrong: The third year on the offer sheet extended by the Rockets to Jeremy Lin will not cost the Knicks $43 million when factoring in the luxury tax, as some have extrapolated.

It will cost the Knicks the $15 million on the third year of that contract.

The excess payroll will cost the Knicks $43 million.

And that is a point executives familiar with such situations are quick to point out: Just because a player is the last, or latest, contract added to a team’s salary pool, it doesn’t make it the one that puts the team into — in this case, excessively into — the luxury tax.

It is the sum of the entire payroll.

For now, the debate in New York, and among Lin-sanity observers elsewhere, is whether the Knicks can afford to retain Lin amid such a huge potential luxury-tax hit.

But that also overlooks the bigger picture, that by trading for Carmelo Anthony’s huge salary, by signing Amare Stoudemire to such an excessive salary and by putting so much cash into Tyson Chandler’s limited game, the next big salary on the Knicks’ books was always going to be the one that was going to lead to luxury-tax Armageddon.

The Knicks forestalled the initial hit by using an amnesty claim with Chauncey Billups before last season. They then thought they could get by on the cheap at point guard when Baron Davis came along at a minimal salary.

And then Lin-sanity ensued (in retrospect, if only it had been Bibby-sanity . . .).

In 2014-15, the season of excess in the Rockets’ offer sheet to Lin, Anthony and Stoudemire each will be earning $23 million, with Chandler earning $15 million.

That is why the tax is an issue.

Of course, if Lin is retained, an argument could be made about Raymond Felton’s salary not only contributing to the excessive tax overage, but being unnecessary.

With the NBA moving away from offensively limited big men, moving Chandler won’t be easy. With so many injury issues, you can just about forget about moving Stoudemire’s uninsurable deal. And Anthony is the supposed cornerstone.

If those three are the core, then the Knicks just move on from Lin.

But it’s not Lin’s contract, alone, that has created such pause. It’s all the contracts. Collectively. Knicks-sanity, if you will.

Ira Winderman writes regularly for NBCSports.com and covers the Heat and the NBA for the South Florida Sun-Sentinel. You can follow him on Twitter at @IraHeatBeat.

Heat forward James Johnson expected to miss 7 to 10 days

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MIAMI (AP) The Miami Heat will be without starting forward James Johnson for at least two games and probably more after bursitis was found in his right ankle.

Johnson left Miami’s win over the Los Angeles Clippers on Saturday with ankle pain, and an MRI performed Sunday led to the bursitis diagnosis. Johnson is not traveling with the team for its trip for games at Atlanta on Monday and Boston on Wednesday.

The team says Johnson could miss seven to 10 days, which would also mean his status for home games against Dallas on Dec. 22, New Orleans on Dec. 23 and Orlando on Dec. 26 is in some doubt.

Johnson is averaging 10.9 points and 5.2 rebounds for the Heat this season.

LeBron James wears one black, one white LeBron 15 shoes with “Equality” on back (VIDEO)

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LeBron James notched his third-straight triple-double on Sunday, this one coming against the Washington Wizards. But before the game, the story was all about how James was voicing a silent protest — in Washington D.C., no less — by wearing a special version of his shoes.

LeBron took to the floor wearing his LeBron 15s, but this player edition had the word “Equality” on the back of them. James wore one black shoe and one white shoe.

James wore the black versions of this shoe in the Cleveland Cavaliers’ opener to start the season.

Via Twitter:

LeBron finished the game with 20 points, 15 assists, and 12 rebounds. The Cavaliers beat the Wizards, 106-99.

Stephen Curry says he’d want in on potential Panthers ownership

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The Carolina Panthers are up for sale. Owner Jerry Richardson said he would sell the team late on Sunday following an announcement by the NFL that Richardson was under investigation for “workplace misconduct”. The NFL’s investigation and Richardson’s decision to sell was preceded by a report from SI saying Richardson had paid out settlements amid sexual harassment and racial slur claims.

Enter Sean Combs and Stephen Curry.

Combs — that’s Diddy, you to and me — has previously voiced his interest in being involved with the NFL, and after seeing that Richardson would be selling the team, jumped at the chance to boost his profile. Combs tweeted that he wanted to buy the team, and that’s when Curry joined in.

Via Twitter:

Naturally, Curry is from Charlotte and went to both high school and eventually college in the area, playing at Davidson. He’s an avid Panthers fan and has been on the sideline for the team publicly many times over the years.

Curry being part of an ownership group for the Panthers would be pretty wild. Perhaps Charlotte Hornets owner Michael Jordan would like to join in? It seems like they would have the liquidity and credit availability between the three of them to get the team.

Then again, the asking price for the Panthers could be north of $2 billion. The last team to be sold was the Buffalo Bills in 2014 for $1.4 billion. In September, Forbes released a valuation for the Panthers that put them at $2.3 billion.

Might need to get a few others involved in this one.

Watch Raptors fans give Vince Carter a standing ovation in Toronto (VIDEO)

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Vince Carter is 40 years old and playing in what could possibly be his final NBA season. The Sacramento Kings guard started his career with the Toronto Raptors, and on Sunday he played what could possibly be his final game at the Air Canada Centre.

And so, when Carter was subbed out late in the fourth quarter on Sunday, the folks in Toronto did what came naturally: they cheered.

The whole thing was pretty great to watch, and a real testament to how Carter is viewed by fans in Toronto.

Via Twitter:

Carter scored just four points in 25 minutes for Sacramento, going 2-of-5 from the field while adding three blocks, two assists, a rebound and a steal.

The Raptors got the win over the Kings, 108-93.