CineSport—Jeremy Lin is now a member of the Houston Rockets. New York chose not to match the Rockets' offer sheet of three years and $25.1 million, marking the end of Linsanity at Madison Square Garden.
The Jeremy Lin Era in New York has come to a screeching halt. The New York Knicks have decided not to match the three-year $25.1M deal that Lin agreed to with the Houston Rockets.
After head coach Mike Woodson was adamant New York would keep Lin at any cost, the Knicks brass decided they’d rather not pay the penalty tax in year three of the contract, and traded for PG Raymond Felton to take Lin’s roster spot.
Lin, who was a restricted free agent, had said all along that his preference was to stay in New York.
The Dolans made a mistake by saying publicly that they would let the market dictate Lin’s worth. That plan worked for Lin and not so much for the Knicks, and they lost a player who was any marketing director’s dream.
The unexpected and timely arrival of Jeremy Lin this past season may have saved the Knicks’ year as they made a playoff run. In 35 games and 25 starts Lin averaged 14.6 points and just over six assists per game, giving the Knicks a much-needed boost during the absence of SF Carmelo Anthony.
Linsanity then took New York and the sports world by storm. From February until he got injured in early April, fans around the country were fixated on the 23-year-old unlikely hero, who at one point during the season was staying on the couch of Knicks SG Landry Fields.
Within a week of Lin’s rise to stardom, the Knicks were marketing Lin as a god-like figure. T-shirts, jerseys, hats, towels and anything else they could print Linsanity on was.
The Knicks may have made a huge mistake. They said they would spend “a billion dollars” to keep Jeremy Lin in Manhattan. Once that had been said they really needed to put their money where their mouths were and give the fans what they wanted. Dolan made a promise and did not make good on it.
The Knicks are already paying the price for this, as MSG’s stock dropped more than 35 points after news spread that Jeremy Lin was not coming back to New York.