Linsanity is heading to Houston, New York will not match the offer sheet
Quote:
The New York Knicks plan to let Jeremy Lin join the Houston Rockets and as of 4 p.m. ET have decided not to match the offer sheet the point guard signed with Houston, The New York Times reported Tuesday, confirming what two sources within the Knicks organization had told ESPN's Stephen A. Smith on Sunday.
The Knicks have until 11:59 p.m. ET Tuesday to announce their decision whether they will match Houston's three-year, $25.1 million offer sheet or release Lin, who became an international phenomenon during a dazzling February.
The Times reported that the Knicks aren't expected to announce their decision on Lin until Tuesday evening but that the team's deliberations on Lin's future had ended.
A source told ESPN.com's J.A. Adande that the Rockets haven't been notified yet of a decision by the Knicks.
A team source told ESPNNewYork.com's Ian Begley earlier this week that the third year of the Rockets' offer -- worth $14.8 million -- caused the Knicks to consider letting Lin go. If the Knicks matched the offer, they would have been subject to a luxury tax in the third year, potentially bringing their total out-of-pocket cost for the team's salary to about $43 million in 2014-15.
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http://espn.go.com/new-york/nba/stor...er-report-says
Even though I don't think Lin has proven himself to be worth such a deal, at the same time the Knicks other options are fat (Felton) and old (Kidd). They also could waive Lin after year 2 if he's not worth it, but in terms of pub and jersey sales, he would obviously help the Knicks there.