Yahoo! Sports: "highly doubtful" Knicks will match Jermey Lin's offer sheet

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 5 years ago '09        #1
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ReggieA 196 heat pts196
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Yahoo! Sports: "highly doubtful" Knicks will match Jermey Lin's offer sheet
 

 

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"Linsanity" could be close to ending its run in New York – and no one might be more stunned than Jeremy Lin himself.

After the New York Knicks reached agreement Saturday on a sign-and-trade deal with the Portland Trail Blazers to acquire point guard Raymond Felton, Lin's future with the Knicks now appears uncertain at best. New York had been widely expected to match the three-year, $25 million offer sheet Lin signed with the Houston Rockets, but now already has three point guards under contract: veteran Jason Kidd, Felton and Argentine guard Pablo Prigioni. One league source said it's now "highly doubtful" the Knicks match Lin's offer sheet.

"He did not see this happening," Peter Diepenbrock, Lin's coach at Palo Alto High School, told Yahoo! Sports. "He sounded surprised."

The Knicks officially have until 11:59 p.m. ET Tuesday to match the Rockets' offer sheet. Sources close to the Rockets and Lin said Saturday night they had yet to be told of the Knicks' decision. But with Kidd recently signing a three-year, $9 million contract and Felton receiving a three-year, $10 million deal, the Knicks already have made a substantial investment at the point guard position. Matching the offer sheet for Lin also would cause New York to incur substantial luxury-tax penalties; the contract is structured to pay Lin about $5 million in each of the first two years and $15 million in the third year – the same season that the Knicks owe Carmelo Anthony $24 million, Amar'e Stoudemire $23 million and Tyson Chandler $14.5 million. Because of a loophole in the league's rules, Lin would count a little more than $8 million each season on the Rockets' salary cap, but the Knicks have to take the full $15 million hit in the third year.

That's a sizeable amount to digest, even for one of the NBA's top revenue-generating teams. Possibly as a result, the Knicks agreed to a sign-and-trade deal with the Trail Blazers that gives them Felton and forward Kurt Thomas in exchange for center Dan Gadzuric, forward Jared Jefferies, a 2016 second-round pick and the draft rights to two international players, sources said.

The Rockets cut Lin one day before the start of last season only to watch him find international stardom with the Knicks. After injuries to other players elevated Lin to the Knicks' starting point guard job, his explosive scoring ability helped New York win seven straight games. From scoring 38 points against the Los Angeles Lakers to making the winning 3-pointer in the closing seconds against the Toronto Raptors, Lin seemed to deliver a bigger moment each night. He averaged 14.6 points and 6.2 a.ssists in 35 games with the Knicks before a knee injury ended his season.

[Also: Phil Jackson reportedly rejected Portland's head coach offer]

Lin's rapid rise quickly became a global story. He twice made the cover of Sports Illustrated, earned praise from President Obama and his jersey became one of the NBA’s hottest sellers. Lin was expected to stay with the Knicks, even after agreeing to the Rockets' offer sheet, and spent the past two weeks working out with Knicks a.ssistant coach Kenny Atkinson, Diepenbrock said.

"He loves the New York fans," Diepenbrock said. "To have the experience that he had for the two months and for that to be over with, that’s quite a shock to the system. I think he really believed the Knicks would match whatever offer he got."

Lin would give the Rockets their first marketable star since Yao Ming retired last year. The Rockets are still having conversations with the Orlando Magic about acquiring All-Star center Dwight Howard, a league source told Yahoo! Sports. Lin wouldn't be in the deal because he can't be traded until Jan. 15 after signing the offer sheet.

Most of Lin's success came under former coach Mike D’Antoni, who resigned March 14. Current Knicks head coach Mike Woodson, who succeeded D'Antoni, hasn't shown the same level of confidence in Lin.

The Rockets' roster is in a state of flux with team officials working to acquire a.ssets and cap space for a possible Howard trade. Houston has also reached agreement with Chicago Bulls restricted free-agent center Omer Asik on a three-year, $25.1 million offer sheet. Point guards Goran Dragic and Kyle Lowry are both gone, seemingly leaving the job to Lin.

"This is a crazy, crazy world," Diepenbrock said. "I can't see him as a Rocket."

Source:
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 http://sports.yahoo.com/n .. nd-felton.html


Last edited by ReggieA; 07-15-2012 at 11:27 AM..

154 comments for "Yahoo! Sports: "highly doubtful" Knicks will match Jermey Lin's offer sheet"

 5 years ago '05        #2
Rockobox 76 heat pts76
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 5 years ago '12        #3
Thworldisyours 43 heat pts43
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 5 years ago '04        #4
LordBlanco|M 50 heat pts50
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fu*ked if Knicks dont match...

but what if Jeremy goes to the Rockets and stinks it up?

Turnover city and then the Rockets have to deal with that 3rd year?

Would that be a Knicks win?

At the same time... I honestly feel like this Knick team isn't even what Lin needs...

all the people he built relationships with are gone. Fields, Jeffries... The offense gonna go thru Melo anyway. Doubt Lin gonna be as successful as he was... people have to remember, Lins success came with Amare and Melo out.
 5 years ago '09        #5
ReggieA 196 heat pts196 OP
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 TanstA! said:
fu*ked if Knicks dont match...

but what if Jeremy goes to the Rockets and stinks it up?

Turnover city and then the Rockets have to deal with that 3rd year?

Would that be a Knicks win?

At the same time... I honestly feel like this Knick team isn't even what Lin needs...

all the people he built relationships with are gone. Fields, Jeffries... The offense gonna go thru Melo anyway. Doubt Lin gonna be as successful as he was... people have to remember, Lins success came with Amare and Melo out.
For what the Rockets are offering and the kid only played 25 games is a big reach, nearly 9 mil a year. It can go either way, but our the Knicks willing to take a risk and go over the cap to overpay for an overnight sensation? Plus their back court will be crowded, Kidd, Felton, and Lin. I think that is the main reason they signed Felton, just in case Lin did not comeback. They got 2 PGs who have been in this league longer for 20 mil, while Lin offer is nearly 30 mil.
 07-15-2012, 10:30 AM         #6
Youngin19 
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 DEDOS said:
no sh*t in the 3rd year of the contract the knicks would have to be paying in luxury tax alone is 35 million

its 2.5 luxury tax for every dollar they are over


so for that 3rd year the knicks would be paying 49 million dollars to have LIN on their roster


not even the New Yawk knicks the team that prints out money even when they are the laughing stock of the NBA couldnt pay that sh*t


one thing is for sure the luxury tax def works!




















 5 years ago '04        #7
LordBlanco|M 50 heat pts50
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 ReggieA said:
For what the Rockets are offering and the kid only played 25 games is a big reach, nearly 9 mil a year. It can go either way, but our the Knicks willing to take a risk and go over the cap to overpay for an overnight sensation? Plus their back court will be crowded, Kidd, Felton, and Lin. I think that is the main reason they signed Felton, just in case Lin did not comeback. They got 2 PGs who have been in this league longer for 20 mil, while Lin offer is nearly 30 mil.
I'd say goodbye to Lin. Rockets made it impossible and if Lin restructured that deal, he only made it more impossible for Knicks to keep him. I almost dont blame him... as a fast paced PG that he is.. I wouldnt want to be on the Knicks roster that the Knicks have now. It's not made for all that.

We got Felton and we still have Amare. I'm actually more excited about that than having Lin back there trying to figure out who he is in the offense when Melo is holding the ball and Amare is walking around the court confused.

Bottom line I wish Jeremy all the success in Houston but Rockets are extra thirsty, so they get Lin like they wanted, another asain star (Does Houston have a big asain community or something? Lol)..... Rocket fans, I hope it's worth it for ya'll... cause if it ends up being a very bad signing.... Knicks will actually win, and when the Knicks win, it's Armageddon.


Last edited by LordBlanco; 07-15-2012 at 10:32 AM..
 5 years ago '10        #8
USC 79 heat pts79
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Smart move by the Knicks if they don't match. Anybody who went hard in Dantoni's system can't be trusted long term. I say let em walk. In a couple years Shump will be sh*tting on Lin.
 5 years ago '09        #9
bran9413 
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I'm glad this trade was done. This will work out better for the Knicks than overpaying for Jeremy Lin.
 5 years ago '12        #10
Thworldisyours 43 heat pts43
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 DEDOS said:
no sh*t in the 3rd year of the contract the knicks would have to be paying in luxury tax alone is 35 million

so for that 3rd year the knicks would be paying 49 million dollars to have LIN on their roster


not even the New Yawk knicks the team that prints out money even when they are the laughing stock of the NBA couldnt pay that sh*t :blunt-
Yeah that last year is a little
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 5 years ago '09        #11
ReggieA 196 heat pts196 OP
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Speaking at Olympic practice, Carmelo Anthony stated that he wants Jeremy Lin back but admitted that Houston throwing in a third year really made things challenging for the Knicks financially.

The Knicks likely won't be swayed by Anthony's opinion but it's worth noting. The dynamic All-Star understood that the front office makes the big decisions and he'll have to roll with the punches.
Source:
 5 years ago '11        #12
King Henry 548 heat pts548
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fu*k this organization. When things are going right, we always find a way to screw things up
 5 years ago '04        #13
LordBlanco|M 50 heat pts50
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 King Henry said:
fu*k this organization. When things are going right, we always find a way to screw things up
If you mean why didn't we talk about a contract with Lin before anyone else? Yeah, Knicks fu*ked up there....

but now its too late... I dont want the Knicks to take on that contract then be fu*ked... so lets the Rockets have him.... the Knicks already traded 2 of Lins favorite teammates.

Hope he has success on the Rockets, doesn't have as much pressure and can start from scratch without having to fit in on a Knicks roster that doesn't suit him.
 5 years ago '04        #14
GarySanchize24 239 heat pts239
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Peace out Lin. nobody paying your aas 16 mill in year 3. we in win now mode fu*k that.
 5 years ago '10        #15
SmoothTay 23 heat pts23
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can't wait to this clumsy china man flops in Houston.
 07-15-2012, 10:59 AM         #16
omega_red536 
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At the end of the season and on Thursday in Las Vegas, Mike Woodson said Jeremy Lin will "absolutely" be the starting point guard next season.

As for matching the Houston Rockets' three-year, roughly $25 million offer sheet, Woodson said the Knicks would "absolutely" (once again) do so. In fact, he said he didn't even blink once when the high offer was made.




Raymond Felton

#5 PG
Portland Trail Blazers

2012 STATS
GM60
PPG11.4
RPG2.5
APG6.5
FG%.407
FT%.806


Woodson has declined comment on other free agents this offseason before they signed with the Knicks, but he's not only been up front about Lin, but basically guaranteeing that he'll be back.

Now, Raymond Felton is in the picture. The 2010-11 Knick who mastered the pick-and-roll with Amare Stoudemire was acquired, along with another former Knick, Kurt Thomas, in a sign-and-trade deal for Jared Jeffries and Dan Gadzuric.

But don't get so caught up in defined positions. If Lin returns, he could still be the starting point guard.

Even though the Knicks now have three point guards, Felton, Jason Kidd and Pablo Prigioni, ask agents and scouts around the league and they see Woodson as a coach who likes to mix up lineups and sometimes use two point guards in the backcourt.

The benefit of now having Felton and Kidd is they both can knock down the 3, which the Knicks struggled to do last season outside of Steve Novak. Felton shot 45.9 percent from downtown with the Nuggets in the second half of the 2010-11 season and Kidd is third all-time in 3-pointers made (1,874). Lin can also nail the long ball, as he shot a respectable 32.4 percent in his first-time starter role last season.

In addition, Felton also helps fill the defensive void on the perimeter from Iman Shumpert's absence. In his seven NBA seasons, he has never averaged less than 1.2 steals per game.

Given the NBA is now a booming point guard's league, it can never hurt to have too much depth at that position. And you better believe that's what the Knicks are thinking. They didn't have a lot of floor-general consistency last season. In addition, Lin, Felton and Kidd can all play some 2-guard.

The Knicks have until Tuesday at 11:59 p.m. ET to make a decision on Lin, and there is still a feeling that the team will match, for no other reason than Lin is a talent. He's not just a business commodity.

In fact, a source very close to Lin believes the Knicks will match because "he's legit and they make too much money off him that $25 million is a discount -- even if they will be $30 million over the salary cap."

In other words, Lin = what luxury tax?
 5 years ago '07        #17
Barnone254 1 heat pts
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 SmoothTay said:
can't wait to this clumsy china man flops in Houston.
That salt will give you high blood pressure fam.
 5 years ago '07        #18
DaForce13 27 heat pts27
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i'm glad i'm not the GM ...
 5 years ago '11        #19
King Henry 548 heat pts548
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 TanstA! said:
If you mean why didn't we talk about a contract with Lin before anyone else? Yeah, Knicks fu*ked up there....

but now its too late... I dont want the Knicks to take on that contract then be fu*ked... so lets the Rockets have him.... the Knicks already traded 2 of Lins favorite teammates.

Hope he has success on the Rockets, doesn't have as much pressure and can start from scratch without having to fit in on a Knicks roster that doesn't suit him.
The money would only fu*k up Jim Dolan, and with the money he's making it shouldn't be a problem. If we're in 'win now' mode, why would we take a step back and sign Felton who hasn't been in shape in years?
 5 years ago '04        #20
LordBlanco|M 50 heat pts50
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 King Henry said:
The money would only fu*k up Jim Dolan, and with the money he's making it shouldn't be a problem. If we're in 'win now' mode, why would we take a step back and sign Felton who hasn't been in shape in years?
Well in the next 2 days, I guess we'll see how much of a baller Dolan really is.



But I still believe this roster isn't exactly what Lin needs, but obviously he can be of service.

He can still get to the foul line, and finish at the rim. As well as dish out some passes. That helps regardless of what the gameplan may be.
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