Jeremy Lin has a three-year, $25 million contract lined up with the Rockets. The Knicks, whenever they feel like checking the fax machine, have the right to match that offer and retain Lin. And, for the longest time, they were expected to do just that, even if that meant putting themselves in even more dire financial straights.
But now it would appear the Knicks have changed their minds on Lin after trading for point guard Raymond Felton from the Blazers on Saturday. It’s still not clear what the Knicks have planned for Lin, but it’s believed they’ll let him escape to the Rockets.
When asked about this turn of events involving his team and arguably its most popular player last season, Carmelo Anthony said this to Newsday’s Rod Boone: