Source: Knicks Won't Match Houston's Offer To Lin After Trading For Felton

[cruzg24]

"Linsanity got his money, but it looks like it won't be from the Knicks.

In a stunning turn of events in the past 24 hours, the Knicks agreed to a sign-and-trade with the Trail Blazers to obtain former Knicks point guard Raymond Felton that all but ends the Jeremy Lin era prematurely and bitterly, according to league sources.

Linsanity was fun while it lasted.

One NBA source insisted the Knicks, with Felton's addition, will not match Lin's new, ramped-up $25 million offer sheet from the Rockets. The Knicks will have three days to reconsider amid a potential backlash.

In the trade, the Knicks got even older, adding another former Knick, Kurt Thomas, 39. Knicks free agent Jared Jeffries was signed in the deal and shipped to Portland in the package, along with Dan Gadzuric's non-guaranteed $1.4 million contract.

The Post reported on its back page Saturday the Knicks were furious the Rockets changed the offer sheet for Lin and upgraded it to a $25 million guarantee over three years, according to a source. The Knicks were bitter because they told Lin immediately the club would match the original offer and Lin apparently shared the information with the Rockets. Lin and Houston then plotted to redo it.

Lin secretly flew into Las Vegas without informing the Knicks to renegotiate the contract and sign it.

The Knicks had been set to match Lin's original offer sheet of four years, $28.9 million that had a $19 million guarantee before the Rockets threw a financial curveball that called for a $15 million third year that would have doomed owner James Dolan's luxury-tax predicament."

Source: New York Post

 

[.infamous]

I guess Melo said the rockets contract that they offered to Lin is ridiculous. Melo knows he aint worth that much lol

 

[jonathanlambert33]

According to league rules, the three-day clock for a team to match an offer on a restricted free agent does not begin until the team’s general manager physically receives the offer sheet. Well, according to the Houston Chronicle’s Jonathan Feigen, the Knicks are literally avoiding the Rockets so the clock won’t start.

Here’s Feigen’s report, via Twitter:

“Rockets so far unable to hand deliver Lin offer sheet. Knicks refused to accept at team hotel. Glen Grunwald not at practice yest, gm today. Rockets had a courier knocking on doors at hotel, call room. Could not get someone to accept offer sheet yesterday. Rockets FedExed offer sheet to Knicks offices in NY, but league said GM Glen Grunwald must receive it himself. Clock to match at standstill. All of this is high comedy, but does leave no doubt that Knicks will take every bit of three days to match, once offer sheet is in hand”
While all of this is undoubtedly hilarious, as the Knicks childishly play “catch me if you can” with Houston, we’re not sure why they’re even doing this. Every report indicates they’ll match the Rockets’ offer, so there’s really not much to discuss in the front office – and news of the Rockets’ offer sheet has been public for over a week now, so they’ve had plenty of time to discuss further options. In any case, we hope the Knicks’ GM Glen Grunwald skips town and ends up in a country without an extradition treaty.

:spideypalm:

 

[Elite]

What an unprofessional organization

 

[Pugz]

this shit is stupid. just give them the damn offer sheet, just another loophole in the shitty cba.

 

[BwareDWare94]

this shit is stupid. just give them the damn offer sheet, just another loophole in the shitty cba.

So are you talking about Houston or the NBA forcingly giving it to NY?