Knicks Trade For Raymond Felton, Might Not Match Jeremy Lin’s Offer Sheet

by July 15, 2012

In a move that surprised just about everyone last night, the Knicks sign-and-traded for their former point guard Raymond Felton, leaving legitimate questions about whether or not they plan to match the offer sheet the Rockets and Jeremy Lin agreed to. Here’s more, per ESPN: “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 signing Jason Kidd and acquiring Felton. A source close to the process told’s Marc Stein the Knicks officially received the offer sheet Saturday night, meaning they have until 11:59 p.m. ET Tuesday to match it or let Lin go to the Rockets. Earlier, a source close to the Lin talks said Houston had been unsuccessful in several attempts to deliver the offer sheet to Knicks general manager Glen Grunwald. League rules say the offer sheet must be physically delivered. A source close to Lin told that the Knicks trade for Felton caught Lin off guard. ‘He was very surprised,’ the source said. ‘He felt the whole time that the Knicks would just match the offer.'”