Some scary news for the New York Knicks and their fanbase has just been reported.
Update: Thursday, July 5 at 7:45 p.m. EDT by Sam Quinn
NBA.com's David Aldridge reported the details of the deal:
That's unnerving to say the least.
After signing Jason Kidd to a three-year deal, the Knicks will have to scrounge up whatever funds they have if they want to bring back Lin. The 23-year-old star is a restricted free agent, meaning that the Knicks can match whatever offer another team extends to him.
According to Sam Amick, they will do just that:
Thanks to Lin and Steve Novak winning their Bird Rights case last month, the Knicks can go over the salary cap to retain Lin's services.
Stay tuned for the latest.
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Update: Thursday, July 5 at 5:55 p.m. EDT by Ryan Rudnansky
Uh oh. Looks like Lin is asking for more money from the Rockets, which means it's going to be hard for the Knicks to compete given their current situation.
Ian O'Connor of ESPNNewYork.com tweeted on Thursday:
Update: Thursday, July 5 at 5:37 p.m. EDT by Ryan Rudnansky
With the news that Jason Kidd signed with the Knicks on Thursday, there was some concern in New York that the franchise would opt for Raymond Felton over Jeremy Lin as the starter.
However, it appears the Knicks are still dead-set on keeping Lin, per Sam Amick of SI.com:
Update: Thursday, July 5 at 2:25 p.m. EDT by Matt Shetler
Knicks fans can now officially sit on pins and needles as point guard Jeremy Lin is close to finalizing a deal with the Houston Rockets.
Yahoo! Sports Adrian Wojnarowski reports via Twitter that Lin and the Rockets are discussing an offer sheet and are working on the "structure," of the deal.
If Lin signs the Rockets offer sheet, the Knicks will have three days to match it, once Lin can officially sign it on July 11.
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