Jeremy Lin Rumors | Hoops Rumors

Jeremy Lin Rumors: Tuesday

July 17th, 2012 at 12:03pm CST by Luke Adams

With the Knicks still not confirming exactly when they received the Rockets' offer sheet for Jeremy Lin, we can assume their deadline is tonight, even if we're not 100% sure. If a decision is indeed due later today, we can finally expect resolution on a topic that's sparked a ton of debate over the last couple days. A number of reports on the weekend suggested the Knicks were leaning toward not matching Houston's offer, but it appears no definitive decision has been made yet, as Chris Mannix of SI.com tweets. Here are the latest updates on Lin and his $25.1MM offer sheet….

ESPN.com's Larry Coon points out (in an Insider-only piece) that if the Knicks matched Lin's offer sheet and wanted to get out from under the third year of his deal, they could waive him using the stretch provision. The provision would allow the Knicks to spread Lin's $14.9MM 2014/15 salary over the next three years, at less than $5MM annually.

Earlier updates:

Atlantic Notes: Lin, Valanciunas, Raptors, Nets

July 16th, 2012 at 1:06pm CST by Luke Adams

"Though he sure didn't act like it," writes Marc Berman of the New York Post, "Jeremy Lin still wants to be a Knick." Berman cites a source close to Lin who says that the young point guard is hoping the Knicks match Houston's offer sheet. Berman's apparent critique of Lin's handling of free agency is somewhat bizarre, considering the Post scribe reported two weeks ago that the Knicks intended to sit back and wait while Lin went out and let the market set his price tag.

As we wait to see whether the Knicks will truly let Lin walk, here are a few more items out of the Atlantic Division:

The Knicks still want to make some minor adjustments and figure to make a couple more small moves, says Gery Woefel of the Racine Journal Times (via Twitter).
Expect the Raptors to sign 2011 fifth overall pick Jonas Valanciunas in the "next couple days," tweets Doug Smith of the Toronto Star.
With Jose Calderon's future in Toronto uncertain, the Raptors would like to upgrade their bench at point guard, says Ryan Wolstat of the Toronto Sun (via Twitter).

Earlier updates:

Jeremy Lin Rumors: Sunday

July 15th, 2012 at 9:59pm CST by Daniel Seco

The return of Jeremy Lin to the Knicks seemed to be more of a sure thing than Michael Jordan smoking a cigar on the golf course merely 24 hours ago. With the Knicks set to add Raymond Felton to their backcourt through a sign-and-trade with Portland, Lin's future in New York remains unclear. The Knicks have until 11:59pm (EST) on Tuesday to make up their mind and will reportedly take the entire time allotted before announcing a decision. We'll keep track of all the latest rumors and news surrounding the offseason version of Linsanity with the latest news on top.

The New York Times' Howard Beck writes that a person with knowledge of the Knicks' situation said while it is "more likely than not" that they don't match the Rockets' offer, it is also "not definitive."
Carmelo Anthony is the latest to chime in on the offseason Linsanity. Anthony called the Rockets-Lin offer sheet "ridiculous" during an interview with reporters today, according to Yahoo's Marc Spears. Anthony also insisted that should the Knicks not match, it is not his doing. "It's up to ownership to match, not me," he said. "I'm tired of people trying to blame me for the fact that the Knicks might not match. I want everybody to get paid if they have the opportunity."
Ian O'Connor from ESPN New York gives his take on why the Knicks must match the Rockets' offer for Lin, saying that his stint of success last year, while brief, showed too much promise for the Knicks to not retain him.

Odds & Ends: Lin, Drummond, Joseph, Cavaliers

July 15th, 2012 at 3:08pm CST by Michael Pina

With ongoing uncertainty surrounding Jeremy Lin's tenure with the Knicks, ESPNNewYork.com's Jared Zwerling took the liberty of comparing the former Harvard point guard's skill set with the incoming Raymond Felton, who was acquired in a sign-and-trade with Portland last night. According to a few advanced statistics it's evident that Lin would be the better basketball option for New York, but the decision to let him go would be more of a financial one.

As we dig into this Sunday afternoon, here are a few more tidbits from around the league.

Poll: Should Knicks Match Lin’s Offer Sheet?

July 15th, 2012 at 10:06am CST by Daniel Seco

With the Knicks set to acquire point guard Raymond Felton from the Trail Blazers, the team is left to decide whether it should match Jeremy Lin's backloaded offer sheet from the Rockets. The Knicks would have four point guards on their roster if they elect to retain Lin's services, which could make for a very crowded backcourt.

There's no denying the impact Lin made during the 2011/12 season, but he only managed to play in 35 games and suffered a season-ending injury in late March. However, the team's record with Lin on the court (20-15) was significantly better than when he was on the bench or injured (16-15). Should the Knicks pay Lin or should New York simply let the former Harvard star take his talents to Houston?

Lin Signs Rockets’ Offer Sheet; Knicks To Match?

July 15th, 2012 at 9:05am CST by Daniel Seco

JULY 15TH, 9:05am: The acquisition of Raymond Felton doesn't mean Lin's tenure in New York has come to a close, as head coach Mike Woodson has been known to use two point guards in the backcourt, writes Jared Zwerling of ESPNNewYork.com.

JULY 14TH, 11:00pm: According to Marc Stein of ESPN.com, the Knicks have received Lin's offer sheet from the Rockets and have until 11:59pm on Tuesday to match the offer (Twitter link).

5:46pm: Contrary to previous reports, the Rockets have not yet delivered the Lin offer sheet to the Knicks, reports Feigen (via Twitter).

4:18pm: The Rockets have met with Grunwald and the three-day period to match has begun, Feigen tweets.

3:39pm: In an odd twist, the Knicks seem to be playing a game of keep-away from the Rockets in an attempt to tie up their cap as long as possible, as Jonathan Feigen of the Houston Chronicle reports. The Knicks, in Las Vegas for the summer league, have refused to accept the offer sheet at their team hotel, despite a courier's attempts to reach Knicks officials by phone and at their rooms. The Rockets sent the offer sheet via FedEx to the Knicks offices in New York, but the league has said GM Glen Grunwald must receive it personally (All Twitter links). The Knicks are reportedly upset with the Rockets for increasing the third-year salary in the offer to about $14.9MM.

3:00pm: The Knicks have yet to receive a signed offer sheet from the Rockets, tweets Steve Popper of the Bergen Record, and New York is unsure it will see the offer sheet at any point today, reports Newsday's Al Iannazzone, via Twitter.

JULY 13TH, 3:37pm: According to a handful of reporters, including ESPN.com's Marc Stein (Twitter link), the Knicks are expected to take the full three days to match the Rockets' offer sheet, tying up Houston's cap in the process.

2:57pm: Lin officially signed his offer sheet from the Rockets today, according to TNT's David Aldridge. Interestingly, the originally-reported terms seem to have been modified — Aldridge says that the deal is now for three years and $25.1MM, with a maximum salary in the third year (about $14.9MM). However, the Knicks still intend to match it, says Aldridge (Twitter links).

JULY 6TH, 7:58am: The Rockets' offer sheet agreement with Lin "hardly created a ripple" for the Knicks, who intend to match it, writes Marc Berman of the New York Post.

"He's their guy," one source told Berman. "They'll match."

JULY 5TH, 6:35pm: Jeremy Lin has agreed to terms on an offer sheet from the Rockets, tweets Mark Berman of FOX 26 Houston. The deal is a four-year, $28.8MM offer with a team option in the final year, writes Alex Kennedy of HoopsWorld (on Twitter). New York will have three days to match the offer beginning July 11.

According to reports, the Knicks are willing to pay whatever neccesary to retain Lin's services, tweets Marc Stein of ESPN.com. Ken Berger of CBSSports.com says Lin's offer from the Rockets spikes during the third year of the contract due to the Gilbert Arenas Provision (on Twitter). Lin will reportedly earn $5MM during his first year with the Rockets, $5.2MM in his second and $9.3MM during the third and fourth years of his contract, reports Adrian Wojnarowski of Yahoo! Sports (via Twitter).

The Rockets are in the market for a starting point guard after seemingly losing Goran Dragic to the Suns during free agency and trading Kyle Lowry to the Raptors. Houston's offer to Lin is similar to the one Dragic received from the Suns, except for Dragic's All-Star bonuses and his player option versus Lin's team option in the fourth year, tweets Jonathan Feigen of the Houston Chronicle.

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Knicks Set To Acquire Felton, Let Lin Leave

July 14th, 2012 at 8:53pm CST by Daniel Seco

8:53pm: Tony Dutt, Felton's agent, says the Knicks have a verbal agreement in place that will send his client to New York in a sign-and-trade deal with Portland, reports Mark Berman of FOX 26 Houston (Twitter link).

8:28pm: Marc J. Spears of Yahoo! Sports says Lin is close to becoming a Rocket as the Knicks finalize a deal for Felton (via Twitter).

8:21pm: The Knicks have been in talks with point guard Raymond Felton as a decision on Jeremy Lin's future with the team looms, reports Frank Isola of the New York Daily News (via Twitter). Isola tweets that if New York elects to pass on Lin, the team would attempt to acquire Felton through a sign-and-trade with the Trail Blazers. The move would allow the Knicks to add a quality young point guard to their backcourt without sacrificing the team's financial future given how Lin's offer sheet from the Rockets is structured.

Offer Sheets To Watch

July 10th, 2012 at 3:38pm CST by Luke Adams

Restricted free agents that have agreed to sign offer sheets with new teams can begin doing so as soon as 11:00pm CST tonight. When a player officially signs an offer sheet, his old team has a three-day window to decide whether or not to match it and bring him back.

When a player formally signs an offer sheet, it means only two options are in play for him: He either ends up on the team whose offer he signed, or returns to his old club. Sign-and-trades are no longer an option. So, for restricted free agents like Eric Gordon and Nicolas Batum, who seem to prefer to change teams, it may be worthwhile to explore sign-and-trade possibilities once more before locking into those offer sheets and putting their futures in the hands of the Hornets and Trail Blazers, respectively.

Here are a few restricted free agents that reportedly agreed to sign offer sheets whose situations are worth keeping an eye on:

Roy Hibbert
Current team: Pacers
Agreed to sign with: Trail Blazers
Terms: Four years, Maximum salary
It sounds as if Hibbert may not even ink an offer sheet with the Trail Blazers after all. With the Pacers planning to match the deal, it makes more sense for Hibbert to just sign outright with Indiana. That way, perhaps the team could tack on a non-guaranteed fifth year — at the very least, it would give the Pacers increased flexibility to try to improve the roster around him.

Eric Gordon
Current team: Hornets
Agreed to sign with: Suns
Terms: Four years, Maximum salary
It seems Gordon's clear preference is to play with the Suns. After agreeing to the team's offer sheet, he released a statement indicating that "Phoenix is where my heart is now," and later told the Times Picayune that if the Hornets match the offer, he'll play in New Orleans, but won't be happy about it. It's a tough spot for the Hornets, who clearly don't want to lose the primary piece of last year's Chris Paul trade, but also probably don't want an unhappy player in New Orleans long-term. Maybe these two teams could negotiate a sign-and-trade, but I'd expect the Hornets to simply match the Suns' offer sheet and hope Gordon warms to New Orleans. John Reid of the Times Picayune confirmed today that New Orleans is expected to match the offer.

Nicolas Batum
Current team: Trail Blazers
Agreed to sign with: Timberwolves
Terms: Four years, $45MM
While Batum, like Gordon, appears to want to move on from his current team, it seems Batum's agent Bouna Ndiaye is pushing that stance more than the player himself, as his comments over the weekend suggested. Still, Batum told David Aldridge of TNT today that Minnesota is where he wants to be. Batum also mentioned, interestingly, that the two teams are working on a possible sign-and-trade deal. According to one earlier report, the T-Wolves pitched a sign-and-trade deal involving Derrick Williams, but the Blazers weren't interested in a trade involving the younger, more affordable Williams. I wouldn't be surprised if Portland reconsiders that stance before all is said and done — a sign-and-trade that sends Batum to Minnesota and Williams to Portland could be a win-win for the involved teams and players alike.

Jeremy Lin
Current team: Knicks
Agreed to sign with: Rockets
Terms: Four years, $28.8MM (fourth-year team option)
We've already heard that the Knicks, predictably, are expected to match this offer sheet. Another team could have more pressure on New York with a more significant third-year raise and a guaranteed fourth year, so the Knicks will get off relatively easy when they match this offer.

Omer Asik
Current team: Bulls
Agreed to sign with: Rockets
Terms: Three years, $25.1MM
Here's a trickier case. The Bulls have said all year that they don't want to lose Asik and that they expect to match any offer for him, but Daryl Morey and the Rockets are making it difficult with a third-year salary of nearly $15MM. Still, I think there's a good chance the Bulls match this offer sheet. Asik's first- and second-year salaries are in the $5MM range, which is manageable, and allows the Bulls a couple seasons to figure out how to clear long-term salary off their books for 2014/15. This decision could easily go either way though.

Landry Fields
Current team: Knicks
Agreed to sign with: Raptors
Terms: Three years, $19MM
When Fields and the Raptors agreed to this offer sheet, it seemed like a savvy tactical move to block the Knicks from making a sign-and-trade deal for Steve Nash. Now, with Nash headed to Los Angeles, it just looks like an overpay. The Knicks are unlikely to match this one, so the Raptors are likely stuck with Fields, but that's not the end of the world for Toronto. Fields just turned 24, and while he experienced a bit of a sophomore slump in 2011/12, he still has the makings of a solid, if slightly overpriced, rotation player.

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Free Agent Rumors: Jamison, Sessions, Lewis

July 5th, 2012 at 10:42pm CST by Luke Adams

Five days into free agency, a number of big names, such as Deron Williams, Kevin Garnett, Jason Kidd and Steve Nash, are off the market. But there are still plenty of players out there looking for contracts. We'll wrap up many of today's free agent updates right here, with the latest items added to the top of the page throughout the day….

Antawn Jamison had dinner in Charlotte with Bobcats executives Rod Higgins and Rich Cho, writes Marc J. Spears of Yahoo! Sports (Twitter links). The former UNC star has also been talking to Warriors general manager Bob Myers, Jamison's former agent, and will chat with head coach Mark Jackson in the near future.
The Mavericks have reached out to Ramon Sessions for a second time and pitched a starting job to the veteran point guard, writes Jeff Caplan of ESPNDallas.com.
Rashard Lewis will visit the Heat this weekend after having his contract bought out by the Hornets, reports David Aldridge of NBA.com (Twitter links). The Hawks and the Knicks are among other teams interested in the veteran forward.

Earlier updates:

The Timberwolves' offer to Nicolas Batum now exceeds $11MM per season, reports John Canzano of The Oregonian (on Twitter). The Trail Blazers told Batum during a meeting this afternoon that the team will match any offer the player receives, tweets Jason Quick of The Oregonian.
Even with the addition of Jason Kidd and the likely retention of Jeremy Lin, the Knicks remain in the market for a third-string point guard, tweets Jared Zwerling of ESPNNewYork.com.
The Lakers remain interested in retaining restricted free agent Devin Ebanks and will match any deal barring a huge offer, tweets Alex Kennedy of HoopsWorld.
Andrei Kirilenko wants to return to the NBA, but "wants way too much money" and may end up staying in Russia, according to Steve Kyler of HoopsWorld (Twitter links). Kirilenko plans to make his decision by Aug. 1 on whether he will sign with an NBA team, says Jason Jones of The Sacramento Bee (on Twitter).
Ric Bucher of ESPN.com names the Mavericks, Rockets, Pacers, Clippers, Knicks, and Suns as teams that still have a shot at O.J. Mayo (Twitter link). I'd guess the Clips are off that list after reaching deals with Jamal Crawford and Chauncey Billups.
Bucher adds in the same tweet that the Mavs, Pacers, Spurs, Kings, and Jazz are in the running for Chris Kaman.
Asked about the Pacers pursuing Courtney Lee or O.J. Mayo, Mike Wells of the Indianapolis Star tweeted that Mayo is Indiana's "clear No. 1 choice." Whether that means he's the team's top free agent target overall or just compared to Lee, it's clear that Mayo is very much on the Pacers' radar.
Teams are offering Ryan Anderson frontloaded contracts to make it difficult for the Magic to retain him, tweets Alex Kennedy of HoopsWorld.
Ramon Sessions has been contacted by several teams, including the Mavericks, but not the Knicks, according to Sam Amico of FOX Sports Ohio. A multiyear deal and a starting spot remain Sessions' top priorities, says Amico (Sulia and Twitter links).
Matt Steinmetz of CSNBayArea.com names Jordan Hill, Kirk Hinrich, Antawn Jamison, and Shelden Williams as some players the Warriors have reached out to so far in free agency.
According to Steinmetz, the Warriors may not match an offer sheet for Brandon Rush if it approaches $5MM. Steinmetz hears that the Raptors may be considering an offer for Rush, though given Toronto's agreement with Landry Fields, that would surprise me.

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Rockets Make Offer To Jeremy Lin

July 5th, 2012 at 4:58pm CST by Sean Highkin

4:58pm: Lin wants more money than the $31MM offer from the Rockets, reports Ian O'Connor of ESPNNewYork.com (Twitter links). Lin is now waiting to see if the Mavericks present him with an offer as the team remains in the hunt for a starting point guard.

10:59am: The Rockets' offer is for four years and worth a little over $30MM, according to Alex Kennedy of HoopsWorld. Marc Berman of the New York Post pegs it at about $31MM. Lin has yet to make a decision on whether to accept it.

THURSDAY, 12:28am: The Rockets have extended an offer to Jeremy Lin and he's considering it, according to Adrian Wojnarowski of Yahoo! Sports. Houston's multiyear offer includes a significant raise in year three, designed to hit the Knicks hard in the luxury tax. Lin will mull over the offer sheet and decide whether to accept it or to keep shopping, says Wojnarowski (all Twitter links).