What is Jeremy Lin's net worth? Jeremy Lin's net worth is $600 thousand dollars and his 2012 salary is $800,000. Born in Los Angeles, California, Jeremy Lin grew up near San Francisco, and began playing basketball with his father and brother at the local YMCA. He led his high school team to a record year, his senior of school, and was ranked as the Division II Player of the Year by a large number of California sports reporters. He wanted to attend an Ivy League School, or a school with a strong basketball team, but due to his low-key, but highly effective style of play, he was unable to capture anyone's attention. Eventually, a recruiter from Harvard saw him in a game and recognized his excellent level of play. He played for Harvard from 2006 to 2010, where he was highly successful and won numerous accolades. However, after graduation, he did not receive any NBA offers. Donnie Nelson of the Mavericks offered him the opportunity to play in the Summer League, and by the end of his time there, he had begun to turn heads. After playing intermittently for multiple teams, he signed with the New York Knicks. After teammate Baron Davis was injured, Lin got his big shot as a starter. He went on to lead the Knicks to 7 straight wins and launched what the sports world is referring to as "Linsanity". He has become the most popular player on the team and has revolutionized the Knicks' franchise. Lin is now averaging more than 25 points per game and 8.5 assists solidifying his starting spot in the lineup.
Jeremy Lin Salary and Contract:
2011 – Golden State Warriors: $473,000
2012 – New York Knicks: $800,000
Salary After 2012:
Jeremy Lin is currently playing out the second year of a two year contract that originated with The Golden State Warriors but was acquired by The Knicks. After the 2012 season Lin will be a restricted free agent which means that he can seek offers from other teams but The Knicks have the right to match. NBA players with two years experience in the league are only eligible to receive offers $5 million in their third year of play but after that all bets are off. The Knicks will easily be able to match any $5 million offer so in all likelihood Jeremy Lin will re-sign through the 2013 season. Assuming he can keep playing as well as he has recently Lin will sign a massive new contract with any team he chooses for the start of the 2014 season. The salary cap for a player with under 6 years in the NBA is $13 million per year.
Jeremy Lin Endorsements:
Jeremy Lin is signed to a Nike endorsement deal for one more season. Lin signed his Nike deal as a relatively unknown member of The Golden State Warriors so the amount was not significant. If he can keep Linsanity running for another year, he should be able to a Linsanely large new deal in 2014. But in the mean time Jeremy is sure to rake in millions in new endorsement deals. Unfortunately for Lin, in The NBA players do not benefit directly from their jersey sales. The league shares and splits the profits evenly among teams and players. Ever since Jeremy's meteoric rise to fame, his jersey has been the highest selling in the league and is virtually sold out world-wide.
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