Jul 17, 2012, 4:22 PM EST
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.
Dec 21, 2014, 11:00 PM EST
The Cavs beat the Grizzlies in Cleveland.
Dec 21, 2014, 9:30 PM EST
Of course he said he’d consider the Knicks, it’s just smart business.
Dec 21, 2014, 8:00 PM EST
Rose has been there before.
Dec 21, 2014, 6:30 PM EST
The very public meeting with Jackson was leverage to help get Karl to lower his asking price.
Dec 21, 2014, 5:00 PM EST
Stevens dismisses rumors of Indiana University.
Dec 21, 2014, 3:30 PM EST
The Knicks guard will be reevaluated in two weeks.
Dec 21, 2014, 1:52 PM EST
Knee injuries have robbed us of the good Gallinari.
Dec 21, 2014, 12:30 PM EST
Everything went wrong for Sanders and the Bucks last year.
Dec 21, 2014, 11:00 AM EST
Why else would trade rumors surface 20 games or so into his first season in Charlotte?
Dec 21, 2014, 9:30 AM EST
The Thunder are right to be cautious here.
Dec 21, 2014, 8:00 AM EST
The Bucks went heavy with Brandon Knight at the end of the game. That went about as well as you’d expect.
Dec 21, 2014, 12:46 AM EST
Nine assists but shot 3-of-11.
Dec 21, 2014, 12:16 AM EST
He can do better.
Dec 20, 2014, 10:30 PM EST
A final look back at Rondo’s time in Boston as he gets set to make his debut with Dallas.
Dec 20, 2014, 9:00 PM EST
Cavaliers are tied with the Pistons for 23rd in defensive efficiency.
Dec 20, 2014, 7:11 PM EST
Kings are looking to make a splash, and Williams has been made available in trade by the Nets.
Dec 20, 2014, 6:30 PM EST
Dragic will opt out of the final year of his deal to become an unrestricted free agent this summer.
Dec 20, 2014, 5:00 PM EST
An expletive was added for emphasis.
Dec 20, 2014, 3:30 PM EST
No contact on the perimeter, yea he’s up for that.
Dec 20, 2014, 2:00 PM EST
The Christmas Day slate of games is (mostly) stellar.
- Sources: Kings prefer George Karl, not serious about hiring Mark Jackson 8
- Nuggets Danilo Gallinari has meniscus tear in right knee, out three weeks after surgery 5
- Rajon Rondo was very Rondoesque in debut with Mavericks (VIDEO) 19
- Report: Kings discussing trade for Deron Williams with Nets 12
- Report: Multiple teams contacting Suns trying to trade for Goran Dragic 10
- Clippers rip officials after being called for seven technical fouls in loss to Nuggets 18
- Jeremy Lin after Kobe misses at the buzzer: ‘I like game-winners too’ 60
- Damian Lillard drops career high 43, leads Blazers to 3OT win over Spurs (VIDEO) 8