Knicks decide to pass on extending Linsanity’s brief run on Broadway
HOUSTON - Say goodbye to Linsanity, New York.
Jeremy Lin is taking his game off Broadway - way off - to Houston after the Knicks announced Tuesday night they would not match the Rockets' three-year, $25 million offer for the restricted free agent.
"Extremely excited and honored to be a Houston Rocket again!!" Lin posted on his Twitter account. "Much love and thankfulness to the Knicks and New York for your support the past year easily the best year of my life."
Lin became an international phenomenon and the biggest story in sports during one dazzling month in the Big Apple. But the Knicks decided keeping the show in town was too costly.
The Rockets waived Lin after two weeks in their training camp in December.
The Knicks said they would match any offer to retain Lin, a restricted free agent. But the Rockets made it tough for the Knicks to keep Lin by backloading their offer sheet with a $15 million salary in the third season. If the Knicks agreed to that deal, they would've faced a hefty luxury tax in 2014-15 because of other big contracts on their books - $30 million to $40 million.
One sports consultant said the adjustment to the offer sheet was a stroke of genius by Houston general manager Daryl Morey.
"The Rockets deserve a lot of credit for the way they've gone about this," said Marc Ganis, president of Chicago-based SportsCorp. "It was extremely intelligent - with an assassin's touch."
But Houston made the bad move, initially, waiving Lin because it already had Goran Dragic and Kyle Lowry on the roster. The Knicks picked him up and gave him his first real shot. He was briefly demoted to the developmental league, recalled and finally got his chance when coach Mike D'Antoni put him in with the Knicks floundering at 8-15. Lin scored a career-high 25 points in a 99-92 win over the New Jersey Nets and "Linsanity" was born.
Lin had slept on teammate Landry Fields' couch the night before, still refusing to get his own place as he headed into that week, knowing the Knicks would have to decide whether to cut him or guarantee his contract for the rest of the season.
But Lin proved more than just a one-hit wonder - he had 28 and 23 points in his first two NBA starts, then scored a career-high 38 in a 92-85 victory over the Los Angeles Lakers.
The stock price for Madison Square Garden Inc. surged on the production and popularity of the team's international star. Lin also made the Sports Illustrated cover in consecutive weeks, only the 12th athlete to hold that distinction since 1990.
The more opponents saw Lin, though, the more they seemed to figure him out as the season wore on. He went 1-for-11 with eight turnovers in a humbling, nationally televised loss in Miami, and the Knicks dropped their first six games in March.
D'Antoni resigned in mid-March and Lin hurt his left knee less than two weeks later. The Knicks revealed April 1 that Lin needed surgery to repair a meniscus tear and would miss six weeks.
The Knicks made the playoffs behind surging Carmelo Anthony, but bowed out to Miami in the first round. The Rockets missed the postseason for the third straight year and have spent the offseason rebuilding their roster.
Houston has been trying to put together a package of assets and draft picks to offer Orlando for disgruntled All-Star center Dwight Howard. In the process, the Rockets lost the unrestricted free agent Dragic to Phoenix, then traded Lowry to Toronto for a future first-round pick with lottery protection.
With no true point guard left on the roster, the Rockets turned back to Lin. The Knicks showed their hand when they brought back Raymond Felton in a sign-and-trade deal with Portland - after signing Jason Kidd as a free agent.
NETS RE-SIGN HUMPHRIES
The Brooklyn Nets continued their offseason barrage of signings Tuesday, agreeing to a new two-year deal with power forward Kris Humphries.
Humphries, 27, averaged 13.8 points and 11.0 rebounds for the Nets last season, his second straight year averaging a double-double.
Last season's effort came on a one-year deal and for a bad team. Then still in New Jersey, the Nets went 22-44.
But Humphries, who will make $24 million over the life of the contract, will now be part of a new-look group in Brooklyn that includes guards Deron Williams and Joe Johnson, center Brook Lopez and forward Gerald Wallace, who all either decided to re-sign with the Nets this month, or in the case of Johnson, accept a trade from Atlanta to Brooklyn.
■ HEAT - Mike Miller decided against retirement and plans to return to NBA champion Miami next season. Miller, who said he expects that he can avoid back surgery, has three years remaining on his contract, but considered retiring after two injury-filled seasons with the Heat.
Miller was 7-for-8 from 3-point range in Game 5 of the NBA Finals against Oklahoma City, helping the Heat clinch the franchise's second championship.
■ WIZARDS - Washington waived Andray Blatche, designating him as the team's amnesty player.
The 25-year-old forward averaged 9.9 points and 5.4 rebounds over seven seasons with the Wizards. The move enables the Wizards to remove the $23 million remaining on Blatche's contract from their salary cap.
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