Sources: N.Y. to let Jeremy Lin walk

Updated: July 16, 2012, 4:12 PM ET
ESPN.com news services

With point guard Raymond Felton on his way to New York via a sign-and-trade deal with the Portland Trail Blazers, evidence is mounting that the Knicks will not match the Houston Rockets' offer sheet to Jeremy Lin.

The Knicks are still deliberating whether they can pay Lin more than $25 million over three years, but two sources within the Knicks organization tell ESPN's Stephen A. Smith that the Knicks will not match the offer.

A team source tells ESPNNewYork.com's Ian Begley ...

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