In what has been the zaniest twist of the pre-deadline rumors thus far, James Dolan is reportedly interested in rekindling the Jeremy Lin love affair.
According to ESPN's Chad Ford's interview with Bill Simmons, the Knicks "would love to get their hands on Lin" after opting to let Houston have him in the summer of 2012. It was believed that Dolan was perturbed at Lin's deal being back-loaded, which would have packed a heavy tax penalty on New York in 2015. So it's only fitting that the team is willing to bring Lin back in the back-portion of the contract.
Lin's fit with the Rockets isn't as glamorous as it was perceived to be when the deal was signed, with James Harden and now Dwight Howard being the focal points of the offense. Lin has posted a career-best true shooting percentage of .586 this season, per Basketball Reference, and would boost any team looking for an upgrade at the point.
Aside from Lin, the Knicks have also inquired about Jeff Teague of the Atlanta Hawks, via ESPN's Marc Stein, and remain determined to coax the Toronto Raptors into parting with Kyle Lowry, via ESPN New York's Ian Begley.
Both reports bring up the Knicks' lack of trade assets, which would pose issues in any deal. The most immediate draft pick they have to offer in a trade is a 2018 first-rounder, while Tim Hardaway Jr. and Iman Shumpert are the only promising, attractive pieces they have to offer.
It's clear that New York is looking to upgrade at point guard, given Raymond Felton's season-long struggles. He's shooting 41 percent and just 30 percent from three and has been benched by Mike Woodson in the fourth quarter on two occasions this month.
Chris Herring of The Wall Street Journal posited some more realistic replacement options for the Knicks to chase. Greivis Vasquez—Lowry's backup in Toronto—as well as Charlotte's Ramon Sessions were mentioned. Goran Dragic of the surprising Phoenix Suns was also brought up, but it's unlikely that the team would part with such a key contributor in an encouraging season—if the Knicks were even able to muster up the pieces to trade.
It's also important to note that the Knicks are planning on making a free-agency splash in 2015, and any player with a contract that stretches beyond that date would be less likely to be considered.