NBA Drops Bird Rights Appeal

6/30/12 in NBA   |   Anthony_Raia   |   37 respect

If Knicks' fans were disappointed with their teams draft pick on Thursday night, at least they got some good news yesterday. The NBA yesterday officially dropped their appeal of last weeks "Early Bird Rights" ruling, granting Jeremy Lin and Steve Novak bird rights. What does this mean?
Apr 26, 2012; Charlotte, NC, USA New York Knicks point guard Jeremy Lin (17) shoots the ball before the start of the game against the Charlotte Bobcats at Time Warner Cable Arena. Mandatory Credit: Jeremy Brevard-US PRESSWIRE
It means the Knicks can resign Lin, or match any offer that he would get, without dipping into their mid level exception. Even though the Knicks are over the cap, they can act as a team with cap space when it comes to resigning Lin and Novak. For a team with a ton of holes in its roster this is a huge victory for a franchise that has had their share of pitfalls over the past decade.
Notify me by email about comments that follow mine. Preview