NEW YORK (WFAN) — There were plenty of Fourth of July fireworks for the Knicks on Wednesday. And not the good kind.
For starters, they lost out in the Steve Nash sweepstakes. Now it seems general manager Glen Grunwald will have a big-money decision to make on arguably his best draw.
The Houston Rockets have extended an offer sheet to point guard Jeremy Lin, who is “mulling over whether to accept it,” according to Adrian Wojnarowski of Yahoo! Sports.
Lin, a restricted free agent, met with the Rockets on Wednesday and was expected to receive a four-year offer worth around $40 million. Wojnarowski didn’t report any financials, though he said it’s for multiple years and back-loaded with cash, “designed to hit the Knicks hard on the luxury tax.”
The Knicks are expected to match any offer for Lin, the biggest story — and most marketable player — in the NBA last season.
“Absolutely he’s going to be back,” Knicks coach Mike Woodson told the New York Post in June. “We like what he brings to the table. He’s our starting point guard. He’s a young point guard who’s still learning, and he’s going to be better. … Absolutely, he wants to be here.”
Though he could give a verbal commitment, Lin can’t sign an offer sheet until July 11. The Knicks would then have three days to match.
Houston waived Lin last December. The Harvard product was claimed by New York and found global fame with a stunning stretch of play in February.
The 23-year-old averaged 14.6 points and 6.2 assists last season. Lin’s season was cut short after just 35 games — 25 starts — due to arthroscopic surgery on his right knee.
Do you think the Knicks should match the offer at any cost? Be heard in the comments below…