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Knicks confirm Raymond Felton deal

Updated: July 17, 2012, 10:40 AM ET
By Ian Begley | Special to ESPNNewYork.com

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 to let the point guard walk.

According to ESPN.com's Marc Stein, the Knicks have until 11:59 p.m. on Tuesday night to decide whether to match the Rockets' offer sheet to Lin.

The Felton ...

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