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Wednesday, July 11th, 2012 at 9:30 am  |  35 responses

New York Knicks Expected to Re-sign Jeremy Lin Today


Despite being reportedly miffed that the Knicks didn’t offer him a contract first this summer, Jeremy Lin will officially be brought back into the fold today. Reports the NY Post: “The Knicks will officially match Jeremy Lin’s $28.8 million offer sheet from the Rockets as soon as Wednesday, when the NBA moratorium ends, thereby keeping the author of Linsanity at the Garden for at least the next three seasons. The Knicks have 72 hours to match, but likely will take care of it today unless they get bogged down in the massive paperwork from all the other moves they officially can execute. The Lin offer sheet should be a priority because no other move they will make has the ability to spur season-ticket sales than signing ’17.’ The Knicks also will officially sign Jason Kidd, Steve Novak, J.R. Smith, James White and formally execute the sign-and-trade for Marcus Camby. It’s a busy day for general manager Glen Grunwald, who probably won’t match Landry Fields’ three-year, $18.5 million offer sheet from the Raptors, with Smith now aboard. [...] An NBA source familiar with the Knicks’ thinking said of Houston’s offer sheet: ‘It wasn’t so bad.’”

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  • http://www.kb24.com The Seed

    Lin is just a backup player, with a right hand. Knicks to me are resigning him for the money he will bring because of his ethnicity. He cannot ball and was exposed by Mario Chalmbers and others when they played tight defense. Knicks probably feel like they have to resign him, but he is not worth it. Knicks are better off offering that money to OJ Mayo who can play 1 and 2 or just keep the money.

  • Black Dude From NYC

    ^ Lin cant ball????

    F yo time bruh… DID YOU SEE WHAT HE DROPPED ON KOBE & CO.?? Lin is the king of NYC bruh

  • http://www.gil1906.com Pve_2

    I don’t think it’s fair to try to peg what Lin can and can’t do just yet–He went from nothing to League phenom in the course of a month, played for two different coaches, played point guard without a training camp, was NEVER accustomed to being on another team’s scouting report and making necessary adjustments, never played with an entirely healthy team, and did all of this in a hectic lockout shortened season. Let’s reserve judgement at least until the end of this year. The only fair assumption is that the Knicks did indeed sign him in no small part because Lin = Dollar signs.

  • catherine

    Lin should go to Rockets for playing his own basketball. Knicks (not only management) do not treat him well for some silly ego reasons. some people do not want him to shine over them and do not appreciate the value that he brought to the knicks to keep them alive last season.

    I feel sorry for lin if he has to stay with knicks.

  • mpb2

    How can you say he is just a backup? Yes they will bring in a lot of money from his name alone but did you not see this guy play last year? That was basically his rookie year with a lot of pressure on him. If that was his rookie year and he did what he did i look forward to him learning a little more every year from jkidd. I mean the guy almost averaged a double double. I look forward to him being our STARTING point guard and him doing what he did last year.

  • http://www.fullc0urtpress.com Kholiday

    Hard to put a dollar amount on his skill for the time being, but easy to see how much money he will generate for the Knicks. This was a business move with the hope that Jason Kidd can teach him enough to make it look like a great basketball move in the future.

  • http://www.twitter.com/hurstysyd Hursty

    Cannot believe my Rockets team offered him this much $, even with the Houston/Asian connection. Far out.

  • RIGGS

    Knicks are LIN denial

  • Skyhook

    Let the record Speak! Lin is 1st, then Iverson, Shaq, Jordan for most point scored in the first 4 games. Nobody complained when he helped them make the playoffs. What’s that silence I hear……. The Garden’s roof exploded when he was there! Disrespect only comes from the ignorant.

  • http://redoftoothandclaw.ca/ niQ

    lol@The Seed? Really? Lin can’t ball? Now that’s just pure hate right there. Sure he may not be a SUPERSTAR, but dude can ball. He even broke the record for points scored in his first few games as a starter. If it’s just because of his ethnicity then why aren’t teams falling head over heals for Yi JianLian? Or why didn’t teams fight for Yuta Tabuse when he tried to enter the league? LOLWow.

  • http://redoftoothandclaw.ca/ niQ

    *heels

  • catherine

    the knicks did not play a team basketball under current system that is why they could not go further in the playoffs. if they do it again this year, i am sure they will be the same, no fun to watch

    I will probably watch nets this year instead of knicks.

  • TheWhiteMarkPrice

    The Knicks high priced, mediocre roster is now almost complete. 7th or 8th seeds can be expensive.
    Injuries to all these older players will ultimately decimate this team..

  • http://www.twitter.com/_dfrance dfrance21

    I think the jury is still out on Lin. He had a stellar start to the season, but I think with a summer of scouting, he has some glaring weaknesses that can be exposed. His success was in large part due to the fact that Melo wasn’t playing. He likes to dominate the ball and create his own shot. It will be interesting to see what he can do with Melo and Amare playing all season. I think he’s pretty good in pick and roll with Amare, but he’ll have to adjust to playing with Melo.

  • startown

    skyhook: you are comparing him to Shaq, Iverson, Jordan (geezzz) that is a major stretch. Why did he get cut by several teams, did he just get that much better in a few weeks?

    He played some nice ball for a few games, I’ll be anyone on here that he is less than 14/7 next year.

  • http://www.reverbnation.com/tray24 T-Ray

    I’m not so quick to judge Lin. He had a phenomenal month. We all saw how he played when he was scouted by the Heat and was manhandled. I like his game a lot but one month of balling out isn’t enough for me to say if he’ll fly or flop.

  • http://www.slamonline.com 19821982

    Are people still surprised how much he’s about to get paid? Even if he gets hurt in the preseason and sits all year, I’d bet his jersey sales are still top 10 worldwide. By the way, anyone read that he’s upset with the Knicks because they didn’t offer him a deal first?

  • http://www.kb24.com The Seed

    Sorry for being honest, but other coaches and players have stated the same thing about Lin. He has no left hand and has a streaky jump-shot. When teams scout him this year, they will be better prepared for him. Also tight defense was his downfall. Someone quoted on the points, but forget that he had the most turnovers during that stretch too in the NBA. Knicks are making a huge mistake, but he will generate more money in the Garden.

  • http://www.reverbnation.com/tray24 T-Ray

    Did not hear that 1982. Personally I’m shocked as well considering his marketability and the fact they need a PG.

  • MikeC.

    @1982 – Lin said on Twitter that none of the ‘disgruntled’ quotes came from him. Probably an ‘unknown source’ looking to stir up crap.

    I think Lin will be solid. His on-court production will likely be in the neighbourhood of 11-13ppg and 6-7 assists per game. He’ll likely be a minus defender against elite scoring PGs.

    My guess is that Lin worked on his game a bit over the summer to tighten his handle and increase shooting consistency. I’ll reserve judgement on him until NY plays at least 25-30 games. Let the dude have a training camp, preseason and some real game experience as the #1 PG on a roster and then see what he can do. If he develops into even a mediocre PG, his off-court revenue generation could still make him one of the most underpaid players in the league.

  • http://www.slamonline.com 19821982

    I just read his twitter now – what’s up with all these inside sources? It used to be just for trade rumors, now it’s inside source says Kobe doesn’t like bean burritos. Stop with the inside sources unless its an official…

  • Mia

    If landary worth 18.8 mil.. then Lin worth much more than 28.8 mil..

  • LA Huey

    Kobe got his gastroenteritis from bean burritos. It’s been confirmed.

  • O

    Lin is NICE, but he really is a NICE backup point. I predict that sooner or later Kidd will be the starter – or at least on the court whenever Melo is – and Lin will handle the ball whenever Camby, Novak, Stat and Smith are on the floor. But in a year or two – or whenever Lin learns to go to the left like Beyonce done told him to – he might be a decent or even above average starting 1. Hopefully he actually listens and learns a thing or three from J-Kidd. Like how to play defense and find the open man in traffic.

  • bike

    C’mon, he’s Asian. Simply Affirmative Action making its way into the NBA.

  • http://Slamonline.com 19821982

    Lol you have it backwards Mia, if people are arguing that Lin isn’t actually worth 28.8, Landry is worth a lot less than 18.8. Truth is both teams will overpay as far as market value, but the return on Lin is about to be ridiculously high because of his fan base. Landry was paid because they didn’t want NYC to match for pocket change…

  • O

    Speaking of Landry, does him going to Toronto make JR Smith our starting SG or are the Knicks targeting someone else?

  • http://redoftoothandclaw.ca/ niQ

    I believe JR Smith will be the starting SG for the Knicks, O.

  • O

    Damn, niQ. I don’t think that does the Knicks too much good…

  • HomeTheaterGuy

    The jury is still out on Lin. You can’t deny that he had some awe inspiring games during his short run. But, he is extremely turnover prone and needs to expand on his game; including his D. Like “The Seed” stated, he was brutally exposed by Chalmers and Deron Williams. 4 years at 29 Mil seems a little high for a player whose light shined brightly for such a short period of time, but if he becomes that player consistently and can correct some of his issues… 4 years at 29 Mil might just be the bargain of this off season.

  • Toner

    This is purely a business call… $28.8 mil for 4 years, with last year being a team option – totally worth it for the Knicks for publicity and marketing purposes. Knicks will make more off Lin in one year than Lin makes in four, and if it doesn’t work out, Knicks exercise their team option. It’s a Win-Win for the Knicks. That being said, stoked for Jeremy Lin to finally land a decent contract for his hard work.

  • http://www.rich-imaging.com Dutch Rich

    The concern shouldn’t be whether Lin can hold his own on the court in this league. Problem is that after this short stretch of highly intensive basketball he get’s hurt and is out for the rest of the season. Therefore it is understandable that the Knicks don’t make a first offer since it’s too hard to really evaluate his value as a basketball player. So the Knicks decide to let the rest of the league set his value and then promise to match it.
    Great savy decision to avoid the NY market value hoopla plus Jeremy doesn’t have the weight of a bloated contract hanging over his head. Everybody wins.

  • Mike Wang

    Why don’t Americans check out Jeremy Lin’s stats on his first 10 NBA starter games? He is even better than MJ’s stats on his first 10 starter NBA games. I don’t think MJ created any Jordanity fever in his first 2 month NBA season. Lin may not be as great as MJ in his future NBA seasons, but Lin is definitely worth high salary now for he is legit and profitable.

  • spassmer

    ….can’t imagine watching Knicks without Lin.

  • jenny Chang

    I just want to watch the Knicks with Lin
    That’s how I started watching basketball.
    I hope the Knicks resign him,and keep MSG alive.

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