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Report: The Knicks interested in bringing back Jeremy Lin

Feb 19, 2014, 8:44 AM EST

Houston Rockets v New York Knicks Getty Images

New York’s desperate search for a point guard at the trade deadline has finally come full circle.

The New York Knicks interested in bringing back Jeremy Lin, according to ESPN’s Chad Ford talking with Bill Simmons on the Grantland Podcast (hat tip to Real GM).

Of course, the Knicks are interested in pretty much any and every point guard on the market as they see the slippage of Raymond Felton as a key problem for them this season (and it is, one of several but it is). The challenge, of course, is that the Knicks are not flush with tradable assets the Rockets might want, unless Daryl Morey secretly loves Iman Shumpert (don’t bet on it). Every team that talks to the Knicks apparently asks about Tim Hardaway Jr. but the Knicks are not looking to move him.

You all know the history that makes Lin returning to New York a story.

Back in the summer of 2012 the Knicks let the Rockets Lin from them in what was a rare prudent basketball decision by the Knicks — this was a poison pill deal with Lin making more than $15 million in the final year of the three year deal. (For the Rockets it costs them $8.3 million a season on the books, the way the deal was structured, but they still have the big payments coming.) Lin is good but not worth what he was offered.

Yet the deal was very unpopular with the Knicks fan base, which loved Lin.

Lin has settled pretty comfortably into a sixth man role for the Rockets this season (although he started 25 games due to Patrick Beverly’s injuries) and is averaging 13.3 points a game with a strong true shooting percentage of 58.6 percent, plus he dishes out 4.5 assists a night. He still likes to create with the ball in his hands off the pick-and-roll (22.5 percent of his shot attempts come that way and he shoots a respectable 46.4 percent on those according to Synergy Sports) but he also has developed into a strong spot up shooting, hitting 44 percent from three on those this season.

For the Knicks this deal makes sense because they get a point guard, the fans would love it and he comes off the books in time to preserve their 2015 cap space.

The Rockets are open to moving Lin to avoid that balloon payment next season, however they are a team playing well right now (seven wins in a row) and are going to need a real incentive to mess with their chemistry right now.

The real question for the Knicks is simply this one: What would Carmelo Anthony think about the deal? Everything New York does has to be seen through the “keeping ‘Melo happy” prism and this is no different.

This seems a long shot, with the desperate Knicks talking to any team willing to move a point guard but lacking the assets to really get a deal done with Houston (Daryl Morey drives a hard bargain). Plus, Knicks owner James Dolan’s MO is not to do the deals everyone is talking about, but rather the ones he thinks are a surprise (not usually a good surprise, but a surprise).

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