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The Houston Rockets have agreed for a trade with the Minnesota Timberwolves. The Rockets will send forward Chase Buddinger and the draft rights to Lior Eliyahu in exchange for the 18th overall pick in the draft.
The Houston Rockets signed center Omer Asik to a three year deal worth $ $25.1 million.
Jeremy Lin all but gone to Houston Rockets as all signs point to the NY Knicks deciding not to match 3-year, $25M offer
Linsanity is all but over.
As first reported in Tuesday's Daily News, Garden boss Jim Dolan has decided not to match Houston's offer sheet for the 35-game phenom.
While a Knicks source told the Daily News the decision to let Lin walk "is not yet unequivocal," all indications point to Lin becoming a Rocket. An official announcement was expected later Tuesday and the Rockets said Tuesday afternoon they had not yet heard from the Knicks. Because the Knicks were unhappy with the way Houston handled the offer sheet, revamping the final year on Friday to up the offer, sources said the Knicks might wait until the 11:59 p.m. deadline Tuesday night to either match the offer or pass on Lin.
Reached by the Daily News Tuesday afternoon, Lin's mother, Shirley said, this "is not Jeremy's decision. You're better off talking to his agent. We can't do anything but whatever is handed to us."
Lin, a restricted free agent, signed an offer sheet with Houston Friday, which included a $14.8 million salary for the third year.
That backloaded contract made it hard for the Knicks - who would have to pay around $30 million in luxury tax in 2014-15 - to match.
But the money wasn't the only issue.
The Daily News reported Monday The Knicks were already upset with Lin for hiring a publicist without consulting with them first and then sought to re-work his contract.
"I don't think this is about the money as much as it is Jim feeling that a player isn't showing the Knicks the same loyalty they showed Lin," said a person who has had business dealings with Dolan. "Don't forget, the Knicks gave Jeremy Lin a chance. Then Jim has his basketball people telling him that Felton is every bit as good if not better than Lin so it makes the decision easier for him to make.
"Jim can be vindictive but sometimes that's a good thing in the NBA. I applaud the Knicks if they are making this a basketball decision because I'm not sure that is the case with Houston."