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    Knicks not keen to match Lin offer sheet

    Jul 16, 2012

    THERE are growing speculations that Jeremy Lin won’t be returning to the New York Knicks.

    Multiple sports websites cited sources as saying that the Knicks are leaning toward not matching the offer sheet of the Houston Rockets to Lin reportedly worth more than US US$25 million for three years.

    A source told ESPN.com that the third year of the Rockets’ offer is worth US$14.8 million. If they match the offer, the Knicks will have to pay a luxury tax on the third year for going over the salary cap.

    The Knicks have negotiated a sign-and-trade deal with the Portland Trail Blazers to acquire point guard Raymond Felton, adding fuel to rumors that Lin won’t be returning.

    The Knicks have until Wednesday 11:59 a.m. Manila time to match the Rockets’ offer.

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