Knicks go Linsane, start tug-of-war with Rockets, ESPN says

The China Post news staff

The China Post news staff–It will be an interesting tug-of-war on July 11 as the New York Knicks try to tug Jeremy Lin back to home court against the Houston Rockets, who are also pursuing Lin with a four-year, US$28.8 million contract. The Knicks plan to match the deal according to sources from ESPN. “They will match any offer on Lin up to 1 billion dollars,” a source told’s Marc Stein. After landing Jason Kidd — the All Star 39-year-old point guard from the Dallas Mavericks, the Knicks plan to keep Lin to create a power backcourt. Lin has verbally agreed to sign the Houston Rockets offer, who are in desperate need of a point guard after agreeing to trade their starter, Kyle Lowry. Lin will not be able to sign until July 11 as a restricted-free agent. The Knicks will have three days to match the deal after Lin signs.

The four-year deal is worth US$28.8 million, with US$10.2 million coming in the first two seasons and over US$9 million in each of the last two, according to ESPN sources. Lin averaged 14.6 points, 6.2 assists and 3.1 rebounds in 35 games before ending his season with torn cartilage in his knee resulting from exhaustion. Jeremy Lin created a mini franchise of his own after coming off the bench due to Carmelo Anthony’s injury, creating a “Linsanity” craze among his fans. Though his non-playoff experiences may raise questions, it seems the 24-year-old is still a big favorite among some teams. According to NBA basketball coach Larry Brown, the young backup player may not be worth that much. “I think if you overpay him for the interest he created, that’s not a good thing,” he said.