Confirmed: Jeremy Lin is a Houston Rocket

[EmpireWF]

The NYT and all the other sources around the Knicks are saying that barring an unseen change of events in the next 4.5 hours, they will not match Jeremy Lin's offer with the Houston Rockets.

http://www.nytimes.com/2012/07/18/sports/basketball/knicks-lin-rockets-offer-sheet.html?_r=1&partner=rss&emc=rss

Unofficially, the organization insists this is a financial move and has nothing to do with loyalty questions or about Lin's attitude or behavior. Who knows...it seems a bit silly if Dolan ultimately didn't want to pay upwards of $30-$40 million for the guy who could bring ten times that much in value and revenue to the franchise over time.

I'll assume it's a decision influenced by Woodson who saw an opportunity to not bring him back and took it. Apparently, he wasn't the biggest fan of Lin as a PG and feels the team is better off with veteran point guards.

One thing's for certain, for all the craziness that erupted back in February with Linsanity took off...beyond the money made between then and now...the organization gets nothing for him. If they match the deal, he becomes an expiring contract trade chip in two years (assuming he doesn't wash out until then). Oh well.

The Knicks were gonna lose with Lin, so they can lose without him, too.

[NAHSTE]

The NYT and all the other sources around the Knicks are saying that barring an unseen change of events in the next 4.5 hours, they will not match Jeremy Lin's offer with the Houston Rockets.

http://www.nytimes.com/2012/07/18/sports/basketball/knicks-lin-rockets-offer-sheet.html?_r=1&partner=rss&emc=rss

Unofficially, the organization insists this is a financial move and has nothing to do with loyalty questions or about Lin's attitude or behavior. Who knows...it seems a bit silly if Dolan ultimately didn't want to pay upwards of $30-$40 million for the guy who could bring ten times that much in value and revenue to the franchise over time.

I'll assume it's a decision influenced by Woodson who saw an opportunity to not bring him back and took it. Apparently, he wasn't the biggest fan of Lin as a PG and feels the team is better off with veteran point guards.

One thing's for certain, for all the craziness that erupted back in February with Linsanity took off...beyond the money made between then and now...the organization gets nothing for him. If they match the deal, he becomes an expiring contract trade chip in two years (assuming he doesn't wash out until then). Oh well.

The Knicks were gonna lose with Lin, so they can lose without him, too.

That seems like a bit of an over exaggeration.

[EmpireWF]

That seems like a bit of an over exaggeration.

That would assume Lin isn't a total flash in the pan and the Knicks continue to struggle. With him playing decent enough to fuel interest, ticket prices skyrocket, merchandise sells like crazy, TV ratings are higher than normal, international interest in the franchise is up and the stock price is up.

Ironically, the stock price has dropped over the past few weeks...

[Juggernaut]

That would assume Lin isn't a total flash in the pan and the Knicks continue to struggle. With him playing decent enough to fuel interest, ticket prices skyrocket, merchandise sells like crazy, TV ratings are higher than normal, international interest in the franchise is up and the stock price is up.

Ironically, the stock price has dropped over the past few weeks...

Count me in the group that believes Linsanity was a total flash in the pan. I'm glad we didn't pay him his asking price, 30+ million is insane for someone who went undrafted and realistically, has only started playing real ball in the past year.

Wish him nothing but the best, Lin and Fields were smart players who I'll miss, but not for their price tag.

edit:
Ratings went up since we were winning. The Knicks, if they win consistently, still get a buzz around town. Obviously Woodson believes we have a better chance winning with a vet at point, gotta believe in a coach who actually got us to play real defense. Hopefully this move means Shump gets a lot of playing time.

[IamMedellin]

[Houston]

Allow it.

[Kuzzy Powers]

[StealthShot]

[Diivox]

Whether or not he was/is a flash in the pan we'll find out, but I do know this: 14 million is a LUDICROUS amount of money for a guy that was essentially rendered useless with the D'Antoni resignation. I'm no Knicks expert but from what I saw he was essentially useless when Melo came back from injury. pass it to Melo is pretty easy, even Jason Kidd's corpse can do it. At least with Felton there's some chemistry with Stat so maybe their other big money player might not go totally wasted.

Then again, a 14 million EXPIRING is a really valuable asset, but whatever, I still don't think there was any basketball reason to retain the guy, which I think the Knicks ought to commended for. I can't believe I just typed that, but it's true: I think they made the right move here

[Kuzzy Powers]

Whether or not he was/is a flash in the pan we'll find out, but I do know this: 14 million is a LUDICROUS amount of money for a guy that was essentially rendered useless with the D'Antoni resignation. I'm no Knicks expert but from what I saw he was essentially useless when Melo came back from injury. pass it to Melo is pretty easy, even Jason Kidd's corpse can do it. At least with Felton there's some chemistry with Stat so maybe their other big money player might not go totally wasted.

Then again, a 14 million EXPIRING is a really valuable asset, but whatever, I still don't think there was any basketball reason to retain the guy, which I think the Knicks ought to commended for. I can't believe I just typed that, but it's true: I think they made the right move here

When you're talking about him being a valuable expiring contract before hes even played a game with his contract I think that tells you what you need to know from a personal opinion stand point.

[EmpireWF]

If he stays healthy, is he starting the all-star game thanks to China?

[LiquidLarry2GhostWF]

That would assume Lin isn't a total flash in the pan and the Knicks continue to struggle. With him playing decent enough to fuel interest, ticket prices skyrocket, merchandise sells like crazy, TV ratings are higher than normal, international interest in the franchise is up and the stock price is up.

Ironically, the stock price has dropped over the past few weeks...

In an article I read a few days ago, Lin projects to generate about $50M annually, which would have been the exact amount he would have cost them with his cap + the new luxury tax...whether that is true or not, I am not sure...but it sounds about right. So, basically, he washes himself out.

[Point Blank]

Maybe Yao will make a return..

[jeffx]

Knicks made the right move for once. You pay Chris Paul that kind of loot, not Jeremy Lin. Carmelo was right, it was a ridiculous contract. It's silly how delusional some of my fellow Knick fans are. They're on Facebook or calling WFAN acting as if this dude is the second coming of Steve Nash.

[LiquidLarry2GhostWF]

Knicks made the right move for once. You pay Chris Paul that kind of loot, not Jeremy Lin. Carmelo was right, it was a ridiculous contract. It's silly how delusional some of my fellow Knick fans are. They're on Facebook or calling WFAN acting as if this dude is the second coming of Steve Nash.

Maybe he is...his numbers last year were very Nash-ian...

He's a big risk and gamble any way you slice it...the Knicks were damned if they do, damned if they don't with the kid.

IMO, what did the Knicks have to lose by re-signing him...nothing really. Instead they get a safer, but not necessarily as good, Ray Felton and Jason Kidd, who, is about to retire within two seasons. I thought Lin at least gave you a chance at a high end player...maybe they hit a home run or at least a two-run double, hell, maybe even a strike out, but at least they tried...instead they chose a base on balls. Let's also not disregard the Carmelo factor....