Grunwald and coach Mike Woodson both wished Lin well in Houston, but also stressed that they were happy with their current point guard, Raymond Felton.
"Basically, it comes down to the fact that Houston made a commitment to him that we weren't prepared to make," Grunwald said on Monday, making reference to the 3-year, $25.1 million offer the Rockets made to Lin last July. "But I'm very happy for Jeremy that things worked out for him personally and for his family and I wish him the best.
"I'm more excited for our team, the team we assembled right now. ... We're very excited and optimistic about this coming year."