Well, at least they didn't make us wait until midnight. Al Iannazzone just reported that the Knicks have finally confirmed their decision to decline Houston's three-year, $25 million offer sheet to Jeremy Lin:
The Knicks just confirmed they are not matching Houston's offer sheet to Jeremy Lin.
Farewell, Jeremy. You were a fine Knick and you made me as happy as I've ever been as a Knicks fan. Best of luck in Houston.
It'll be interesting to see if the Knicks release any detailed official statement or explanation for their actions. They haven't yet and I won't be surprised if they don't, because it sounds like they've handled this entire ordeal with as little class and professional courtesy as possible. At least Jeremy himself has now been notified directly. If the organization had any dignity left, this would be pretty humiliating. We've already covered every reason why this decision is baffling, but the way the Knicks went about it (right down to the fact that they apparently changed their minds just a few days ago, too late to try to get anything in return for Lin) just makes it suck more. Oh well.
I'm tired and have to wake up at dawn to catch my flight to Las Vegas, so I think that'll be it for me tonight. Soon enough, the Knicks will (re)introduce Raymond Felton and Kurt Thomas and, I assume, make the signing of Pablo Prigioni (¡Pablocura!) official. These are our Knicks (that is, if you still claim the Knicks as your own). Your team is, in many ways, the same beast it was last season. It just aged quite a bit and, as of a few minutes ago, lost that glint in its eye.