Monday, July 16, 2012
Knicks acquire Felton; no Lin decision
By Ian Begley
The New York Knicks announced on Monday they've acquired point guard Raymond Felton in a sign-and-trade with the Portland Trail Blazers.
What the organization did not announce, however, is its decision to match Jeremy Lin's three-year, $25.1 million offer sheet from the Houston Rockets or let the point guard walk.
According to ESPN.com's Marc Stein, the Knicks have until 11:59 p.m. Tuesday to decide whether to match the Rockets' offer sheet to Lin.
The Felton trade is seen as mounting evidence that New York won't match Lin's contract. USA Today reported Felton received a three-year, $10 million deal.
The Knicks are currently deliberating the merits of paying Lin more than $25 million over three years, but two sources within the organization tell ESPNNewYork.com's Stephen A. Smith that the Knicks will not match the offer.