Beck: The Knicks will not match Houston's offer sheet for Jeremy Lin. (Updated 6:44 PM)

Mar 7, 2012; San Antonio, TX, USA; New York Knicks guard Jeremy Lin (17) during the first half against the San Antonio Spurs at the AT&T Center. Mandatory Credit: Soobum Im-US PRESSWIRE

...and I was just trying to relax for a minute and enjoy the Summer League game. This is the only report we've got so far and the Knicks haven't announced anything, but here's Howard Beck:

Posting momentarily to nytimes.com: Lin will be a Rocket. Knicks deliberations over.

Beck's rarely wrong about stuff. Again, it's not official, but this is Howard Beck.

Update (4:30 PM): Beck hedges his full report a tiny, tiny bit, and this is not official yet, but unless New York is pulling off the biggest and most thoroughly calculated bluff I've ever seen, this sounds done.

Update (4:34 PM): Al Iannazzone adds that the Rockets have not gotten word yet.

Update (4:40 PM): Ken Berger:

New York has until 11:59 p.m. ET to formally cut ties with Lin. While decision not unanimous, source characterizes reversal as unlikely.

Update (5:11 PM): Alex Kennedy reports that Lin's people still haven't gotten word.

Update (5:21 PM): Ben Golliver:

Owner James Dolan & front office have plans to meet after Knicks' Las Vegas Summer League game, which is currently in 3rd quarter.

Update (6:44 PM): Howard Beck:

Brief Lin update: Since posting story, I've been assured again that this decision is not going to be reversed.

I think this sucks a lot. As a fan, I'm heartbroken. As an objective analyst of basketball things (or at least someone who tries to be that sometimes), I think the Knicks are making a mistake. Even if Lin amounts to nothing, it has been thoroughly demonstrated that New York had nothing to lose but money-- not flexibility, not the chance to add somebody else of equal caliber-- in matching. The "poison pill" could have been obviated. All New York had to lose was straight cash, which is something they've have had no problem squandering pretty much right up until today.

So, as far as I can tell, this was not a financial decision. It was a decision based on twisted principles and feelings of resentment. It's not clear whether that resentment stems from the front office, the coaching staff, or the locker room (or some combination of the above), but that's the only valid explanation. Somebody doesn't like Jeremy for some reason. Given everything we heard up until this past weekend, that sounds like something that came to a head after the renegotiation of the offer sheet. (This is also evidenced by the fact that the Knicks just let him walk. If they had an inkling of letting him go sooner, they should have tried to get something in return for him).

As I've said before, I still think the Knicks should be a good team this season, but I think they'll be a worse one than they would have been with Lin as their starting point guard. Only adding trouble is the fact that Raymond Felton has to fill Lin's mythical shoes, a position that may generate some undeserved vitriol and make things tough for Ray. We'll see.

Whatever the case may be, best of luck to you in Houston, Jeremy, and thank you for everything. You were almost single-handedly responsible for the best two weeks of my life as a basketball fan.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Posting and Toasting

You must be a member of Posting and Toasting to participate.

We have our own Community Guidelines at Posting and Toasting. You should read them.

Join Posting and Toasting

You must be a member of Posting and Toasting to participate.

We have our own Community Guidelines at Posting and Toasting. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker