Skip to content

Knicks to decline to match Jeremy Lin offer. He’s a Rocket.

Jul 17, 2012, 4:22 PM EDT

Injured New York Knicks guard Jeremy Lin reacts during pregame ceremonies before the Knicks play against the Miami Heat in Game 2 of their first round NBA Eastern Conference basketball playoffs in Miami Reuters

Linsanity, welcome back to Houston.

As was expected in recent days, the New York Knicks have decided not to match the Rockets three-year, $25 million offer to Jeremy Lin, so he will be a Rocket, reports Howard Beck at the New York Times. While nothing is final until midnight eastern, the only way this changes is if owner James Dolan has a last minute change of heart. Which is highly unlikely. The Knicks are done debating it, Beck reports.

This is not going to sit well with some Knicks fans, who had a soft spot for Lin. After years of futility he brought a sense of hope and fun to Madison Square Garden that had been missing. He saved this past season in New York, sparking a turnaround (one that evolved under new coach Mike Woodson) that led the team to the playoffs. Fans loved him for it.

Knicks fans, if this upsets you don’t blame Lin, blame your own team management.

Rather than make an offer to Jeremy Lin and try work out a deal, they told him to go out and get an offer on the open market, but told everyone publicly and privately they would match any offer that came in. Woodson said Lin would be the starter in the fall.

Then the Rockets offer came in — $5 million for year one, $5.2 million for year two (the max any team could pay him those years under the terms of the CBA), and a whopping $14.8 million in year three. A “poison pill” deal.

The Knicks balked. They dared him to get an offer they wouldn’t match, and he did.

The Knicks looked at their expenses in that final year — Carmelo Anthony and Amare Stoudemire make $23 million each, Tyson Chandler makes $14.5 million — and they looked at the looming, more punitive luxury tax that will be in place by then. The Knicks said no.

The Knicks traded for Raymond Felton last week and we all knew that meant Lin was likely gone.

Lin will return now to the Rockets — Houston had him briefly last year but had no place to really play him on a team with Kyle Lowry and Goran Dragic. They waived him and he found his way to New York.

Lowry and Dragic are both gone (Toronto and Phoenix, respectively). The Rockets will have Lin to run their point and be an international marketing phenom (something the organization has experience handling). However, having Lin will add salary and complicate the Rockets’ chase for Dwight Howard.

And Knicks fans will not have their favorite. A guy the Knicks could have kept with some up-front negotiations.

Latest Posts
  1. Report: Former NBA player Rex Chapman arrested for stealing product from Apple store

    Sep 19, 2014, 9:45 PM EDT

    Rex Chapman, Ashley Judd Rex Chapman, Ashley Judd

    Chapman played four years for the Suns, and is facing charges in Scottsdale, AZ.

  2. Andrew Bogut is feeling healthy, takes charges on D at Warriors scrimmage

    Sep 19, 2014, 8:15 PM EDT

    Andrew Bogut AP

    Must-read quote from Bogut on how he does NOT want to be perceived.

  3. All PBT’s NBA team previews in one convenient spot

    Sep 19, 2014, 5:59 PM EDT

    San Antonio Spurs v Miami Heat - Game 7 Getty Images

    This post is here to make life easier for you when you want to find these at the end of the season and point out how wrong we were.

  4. UPDATED Report: Timberwolves make push for Eric Bledsoe, Suns not interested in sign-and-trade talks

    Sep 19, 2014, 5:11 PM EDT

    New York Knicks v Phoenix Suns Getty Images

    It has to be a sign and trade and Minnesota doesn’t have a lot of leverage here.

  5. Jeff Green says he wants to be leader on Celtics this season

    Sep 19, 2014, 4:00 PM EDT

    Jeff Green AP

    “It was more just becoming a better all-around player, trying to take the next step and become a leader on this team and will my team to win.” —Jeff Green

  6. James Dolan enlists Carmelo Anthony, Amare Stoudemire to break world kazoo record

    Sep 19, 2014, 3:28 PM EDT

    dolan stoudemire anthony kazoo

    And you wonder why Phil Jackson is worth $12 million a year to the Knicks organization.

  7. Hawks’ Budenholzer adjusting to coach/GM role, had mentor for many years in Popovich

    Sep 19, 2014, 2:50 PM EDT

    Mike Budenholzer

    Budenholzer got thrust into a position with the power a lot of coaches covet.

  8. Cavaliers sign Lou Amundson

    Sep 19, 2014, 12:44 PM EDT

    Serge Ibaka, Lou Amundson Serge Ibaka, Lou Amundson

    Will he make Cleveland’s regular-season roster?

  9. LeBron James unveils latest signature shoe from Nike: The LEBRON 12

    Sep 19, 2014, 12:05 PM EDT

    9.15.14 Nike LeBron 12 Launch

    Full recap from the launch event at Nike World Headquarters in Portland, Oregon, including technical information, details on colorways, and confirmed release dates.

  10. ProBasketballTalk 2014-15 Preview: Toronto Raptors

    Sep 19, 2014, 10:30 AM EDT

    Brooklyn Nets v Toronto Raptors - Game Seven Getty Images

    Kyle Lowry and Co. return for another run

  11. Grizzlies sign Hassan Whiteside

    Sep 19, 2014, 9:30 AM EDT

    Rio Grande Valley Vipers vs. Fort Wayne Mad Ants Rio Grande Valley Vipers vs. Fort Wayne Mad Ants

    Former Kings draft pick joins three other players competing to make Memphis’ roster

  12. Miroslav Raduljica signs in China

    Sep 19, 2014, 9:00 AM EDT

    Miroslav Raduljica Miroslav Raduljica

    Raduljica, after solid rookie year, leaves NBA sooner than he’d hoped.

  13. Dwyane Wade credits David Stern’s dress code for improving his style

    Sep 19, 2014, 8:00 AM EDT

    Dwyane Wade AP

    “Then it became a competition amongst guys and now you really got into it more and you started to really understand the clothes you put on your body.” —Dwyane Wade

Featured video

What players stood out at World Cup?
Top 10 NBA Player Searches
  1. D. Rose (3071)
  2. L. James (2776)
  3. R. Rondo (2460)
  4. K. Irving (2441)
  5. K. Bryant (2359)
  1. J. Valanciunas (2063)
  2. D. Ferry (1937)
  3. R. Gay (1851)
  4. E. Bledsoe (1835)
  5. R. Allen (1812)