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The well-intentioned rule is having unexpected consequences. The Rockets cannot outbid the Knicks,...

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The well-intentioned rule is having unexpected consequences. The Rockets cannot outbid the Knicks, but because they are under the cap, they are permitted to give Lin a balloon payment — a so-called poison pill — in the third year of his deal. Houston originally set that figure at $9.3 million and then increased it to $14.98 million, close to the maximum allowed. For cap purposes, Lin’s three-year salary would count as an average for Houston, or $8.4 million a year. But the Knicks would be charged the full amount in 2014-15, costing them $50 million to $60 million in a combination of salary and luxury taxes, rival executives said.

http://gothamist.com/2012/07/16/lintroduction_to_msg_economics_why.php

"To be honest, I always prided myself on being a Knick. I remember all of those rivalries and...

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"To be honest, I always prided myself on being a Knick. I remember all of those rivalries and heated skirmishes (with the Heat) we had back in the day so I couldn't see myself being a part of that team," Camby said in an interview Tuesday with the internet radio show Hard2Guard. "Especially coming back here … into the Garden. I didn't want to be a villain. So this is a great situation for me."

As a few of you have noted in the comments, Marcus Camby knows just how to tickle Knicks fans.

Undrafted guard Chris Smith will play for the New York Knicks' summer league team, according to...

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Undrafted guard Chris Smith will play for the New York Knicks' summer league team, according to source.

Alex Kennedy There's one. Chris is, of course, J.R.'s little brother, who played at Louisville and worked out for New York a few weeks ago. Kennedy's the guy to follow right now for Summer League signings. New York's full roster announcement isn't expected until next week. (As a few of you mentioned and I forgot to add, Toney Douglas will participate as well. Jerome Jordan and Josh Harrellson, too, obviously.) Update: Chris Copeland, too.

We are excited to announce that @NYKnicks star @CarmeloAnthony will be unveiling his was figure...

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We are excited to announce that @NYKnicks star @CarmeloAnthony will be unveiling his was figure @nycwax next week! ‪#MeloWax

Madame Tussaud's Twitter feed They made a wax Melo. I bet it'll try just as hard on defense as he does, right guys!?!?!? (The unveiling is on Tuesday).

The union appeal on the "early Bird rights" of Jeremy Lin and Steve Novak will be heard June 13, a...

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The union appeal on the "early Bird rights" of Jeremy Lin and Steve Novak will be heard June 13, a league source said.

Al Iannazzone That's a big'un. I've heard separately that the Union has a decent chance of winning and that they've got no shot at all. We shall see.

The Knicks did not disclose terms of their deal with Mike Woodson, but sources told...

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The Knicks did not disclose terms of their deal with Mike Woodson, but sources told ESPNNewYork.com's Stephen A. Smith that Woodson's contract includes two guaranteed years and a third-year option, worth approximately $4 million per season.

ESPN NY

Knicks will open playoffs Saturday, regardless of opponent, according to just-released NBA schedule.

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Knicks will open playoffs Saturday, regardless of opponent, according to just-released NBA schedule.

via Howard Beck That is quite soon.

After drilling a jumper in a shooting contest at #Knicks shootaround, Bill Walker, "Game blouses."...

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After drilling a jumper in a shooting contest at #Knicks shootaround, Bill Walker, "Game blouses." Great Chapelle Show reference.

Via Jonah Ballow It's pretty easy to make my day, but this made my day. Photoshops welcome.

Baron Davis will play.

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Baron Davis will play.

Marc Berman Basketball, I assume.

Toney Douglas' son, Toney Jr., was born yesterday.

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Toney Douglas' son, Toney Jr., was born yesterday.

Via Jared Zwerling Today's Toney's birthday! He got a birth for his birthday! Congratulations to Toney and welcome to Toney Jr. May TD2DWTD2D.
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