Jeremy Lin is expensive in tonight’s fantasy freeroll

Jeremy Lin is worth more than Steve Nash, Kyle Lowry, John Wall, Dirk Nowitzki, Rudy Gay and more than 300 other NBA players who are in action tonight.

Says who?

Says DraftStreet.com, which is sponsoring another SheridanHoops.com fantasy basketball challenge tonight with a $350 prize pool.

To play in the freerool, you start with a salary cap of $100,000 and must choose eight players: Two centers, two forwards, two guards and two utility players.

You get two points for each steal and block they produce, 1.5 points for every assist, 1.25 points for every rebound and 1 point for every point each player scores. You lose one point for every turnover, and for every missed shot from the field and the free throw line.

Linsanity has long limbs, which is why the wunderkind from Harvard has the 18th highest price tag of any player on the board tonight. (LeBron James, returning to Cleveland, is the highest priced player at $21,292. Melvin Ely of Charlotte has the lowest price — the Scalabrine slot, as I’ve come to call it, at $2,101.)

It costs nothing to play in tonight’s freeroll, which has become a Friday night fixture here at SheridanHoops (although next week, with no games on Friday, we are moving the freeroll to Thursday and having a special “Beat Sheridan” contest on Wednesday night that’ll cost $11 to enter. If you finish ahead of me, Draft Street will pay you a bonus.)

To enter tonight’s contest, click here.

Usually, I post my team at 7 p.m. EST after entries have closed.

This week, I am going to switch it up a little bit and tell you 6 members of my team right now. The other 2 will remain a secret until 7 p.m. (I reserve the right to change my roster, which anyone can do right up until 7 p.m.).

I picked three studs: James, Dwight Howard and Kevin Love, then went bargain hunting and took Serge Ibaka, Marreese Speights and Semih Erden. My guards are Marco Bellinelli and Jordan Crawford. (I spent a total of $99,972).

The top eight finishers get paid.

Once you sign up, you can see how the $350 prize pool is distributed.

If you make the right picks, you win real money.

Draft Street also offers cash games that are held every single night, with entry fees as low as $2. This is a game of skill, not a game of chance, and it is perfectly legal for anyone in Canada or the United States with the exception of residents of Arizona, Iowa, Louisiana, Maryland, Montana, Vermont and Puerto Rico.

Good luck, and check back here after 7 p.m. for full disclosure of my team.