New York Knicks Expected to Re-sign Jeremy Lin Today

by July 11, 2012

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.'”