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Source: Jeremy Lin offer sheet in NY

Updated: July 15, 2012, 12:21 PM ET
By Ian Begley | Special to ESPNNewYork.com

The New York Knicks have agreed to a sign-and-trade deal with the Portland Trail Blazers that will bring point guard Raymond Felton and center Kurt Thomas to New York in exchange for center Dan Gadzuric and forward Jared Jeffries, league sources confirmed Saturday night.

The deal, for three years and $10 million according to USA Today, raises the possibility the Knicks will not match the offer sheet Jeremy Lin signed with the Houston Rockets earlier this week. They could pass after ...

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