Linsanity Officially Over in New York

Linsanity Official Ends in New York

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Just as quickly as Jeremy Lin became a sensation in New York, he has been shown the door from Madison Square Garden.  Midnight struck on the magic of Linsanity in New York as Jeremy Lin will be going back to the team that cut him, the Houston Rockets, with a big contract the New York Knicks felt was too much to match.  The Knicks had until midnight Tuesday, July 17 to make a decision, but it had been being reported since Sunday July 15^th that the Knicks were not going to match.

Lin signed a big three year, $25.1 million contract that included a “poison pill” third year in which his base salary would have skyrocketed to $14.8 million.  Lin got basically $1 million for every start he made last year, which is unheard of even in the NBA where bloated contracts are common.

One reason the Knicks decided against retaining Lin was the money he would have cost them.  As a tax paying team, the Knicks have to pay two and a half times every dollar they are over the salary cap, meaning in the third year of Lin’s contract, he would have effectively been costing the Knicks nearly $30 million.  That was something the Knicks management was unwilling to do after deliberations throughout the weekend and decided it was best to let him walk and go a different route.  Even with the massive amounts of money the Knicks could have made off Lin, it was not worth the money they would have to pay.  They will still reap tons of money as they sold-out their season tickets even before Lin came back.

That other route for the Knicks was to make acquisitions to replace Lin.  With Lin in limbo, the Knicks got going adding three veteran point guards.  The Knicks stole Jason Kidd for the mid-level exception at three years and $9 million from the Dallas Mavericks and signed Argentinean veteran Pablo Prigioni to the rookie minimum.

The sign and trade for point guard Raymond Felton is what really set off the end of Linsanity rumors that eventually came to fruition.  Felton was quoted as saying that Lin would be sent packing once the Knicks finalized the trade for him; Felton was right as Lin’s offer sheet was not matched.

The moves the Knicks made at point guard will more than make up for Lin in my opinion.  Lin had trouble meshing with Carmelo Anthony once he returned from injury, having his stats drop dramatically when on the court with Anthony.  Players will blame Anthony for such a drop off, but Lin should have some blame placed on him as well as his turnover rate was sky-high and he lost all aggressiveness with Anthony on the court.

Felton had an outstanding half of season with the Knicks before being shipped out in the Anthony trade two seasons ago.  His return people hope will rejuvenate Amar’e Stoudemire, who struggled last season no matter who was on the court. 

Kidd and Prigioni will also bring veteran leadership and experience that Lin just does not have yet. Kidd has experience against and beating the Miami Heat, while Prigioni has played competitively for nearly 17 seasons in the Olympics and overseas. 

Another thing these veterans bring is shooting ability.  With the offense undoubtedly going to be run through Anthony, the Knicks will need shooters on the court to space the floor.  Felton and Kidd are better spot up shooters than Lin, which will help in the long run.

One thing that has not been talked about but is a big reason for Lin not being brought back is James Dolan.  Everyone pokes fun at Dolan because of the ineptitude of the Knicks recently and some of his bone headed moves, but he is not someone to cross, which Jeremy Lin may have done.

Lin hag agreed to a contract with the Rockets at first thought to be worth four years and $28 million, which the Knicks responded with saying they would definitely match; Mike Woodson went as far as to call Lin his starting point guard for next season.  Within a day, the Rockets and Lin announced the signing of a three year $25 million contract, which included the $14.8 million third year instead of a third year of $9 million with a team option on the fourth year.

This move reportedly infuriated Dolan, as he felt slighted and betrayed by Lin, who had received his break with the Knicks and turned around and basically turned on them. 

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There was also word going around that some people within the Knicks organization and staff, namely head coach Mike Woodson and Anthony, was not happy with Lin.  Woodson secretly did not fully buy into the whole Linsanity thing, feeling Lin did not have as much potential as some fans thought he did, something many advanced NBA scouts share.  Woodson, along with Anthony, was also not happy that Lin was not more willing to play in the playoffs when the Knicks were in desperate need of players with Iman Shumpert and Baron Davis both going down with season-ending injuries.  The unwillingness to play rubbed them the wrong way, as it gives off and impression of putting yourself in front of the team because of looming free agency; especially when Lin deemed himself 85% ready.  No one is 100% healthy come playoff time, so someone considered 85% is a pretty healthy and expected to play.

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No one except the Knicks and possibly Lin will know the real reason as to why Lin will no longer be playing for the Knicks.  Money is usually not a problem with the Knicks, so do not always believe everything you hear in the media.  At the same time, maybe money was the issue, which would mean that the new Collective Bargaining Agreement that was put in because of the lockout may actually be working.  When a team as big time and rich as the Knicks are afraid of looming tax problems, it would seem the CBA is doing its job of making teams think twice about flying past the salary cap.

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Linsanity Coming to an End? Knicks Sign and Trade for Raymond Felton

Linsanity Over in New York? Knicks Acquire Raymond Felton

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In what is being considered a very surprising move, the New York Knicks have acquired point guard Raymond Felton from the Portland Trail Blazers as part of a sign and trade.

As part of the deal, Felton and the Knicks agreed to a three year contract worth $10 million. 

To finish the sign and trade, the Knicks also received big man Kurt Thomas.  In exchange, the Knicks will send Dan Gadzuric, Jared Jeffries and a 2016 second round pick. Rumors are swirling there may also be rights to a European player exchanged.

This is a big surprise to some because it was widely considered that the Knicks would be matching the offer that restricted free agent point guard Jeremy Lin received from the Houston Rockets.  Lin and the Rockets agreed to a three year $25.1 million contract that would have ballooned to almost $15 million in the third year.

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Even with such an increase, it was thought that the Knicks would match any deal for Lin, who had become an overnight sensation this past basketball season.  Lin played a big part in the Knicks making the post-season, so it was considered that nothing would keep him from coming back. But, with the acquisition of Felton, matching Lin’s offer sheet is no longer a guarantee.

Matching Lin’s agreement with the Rockets would have put the Knicks into a catastrophic hole of luxury tax in the coming seasons.  This has never been a problem for the Knicks, as owner James Dolan has been willing to pay any amount of money to put the players on the court that he wants.  But with this hesitation, it would seem that the new Collective Bargaining Agreement may actually be working.

The new CBA was put in place to make teams think twice about handing out big contracts by increasing the luxury tax penalties for teams that went over the salary cap.  For once, the Knicks and their management are being cap conscious, hence why the decision to add Felton instead of matching Lin.  Felton will not cost them as much in luxury taxes and will give the Knicks more cap flexibility in the coming years.  If they matched and retained Lin, they would be stuck with very little money and virtually the same team for the next three seasons.

It has not been said yet what the Knicks will do with Lin’s offer sheet, but it is getting harder and harder to believe that they will match.  If the Knicks do match for Lin, you can except to see basically the same Knicks squad for the next three seasons with very little changes in terms of the roster.  You can also expect to see a lot of two point guard sets if Lin is retained, as the Knicks will have to find playing time for Jason Kidd, Felton, Lin and newly acquired Pablo Prigioni. 

Knicks Agree to Contract with James White

Knicks and James White Agree to Contract

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The New York Knicks and forward James White have agreed to a contract.  Specifics were not released, but a person with the agency that represents White believes the contract is a one year deal worth just under the $1.4 million veteran’s minimum.

Many people have no idea who the 6’7” 200 lbs. White is, but he can play.  White had runs in the NBA with the San Antonio Spurs and Houston Rockets in 2006-2007 and 2008-2009 but only appeared in 10 games total.

White has spent his time recently in Italy, where he was very successful.  For the 2010-2011 season, White led the league in scoring at 21.0 points per game for Dinamo Sassari in a transition offense.  This past season, a new revamped offense with Pesaro, White was top three in scoring at 17.1 points per game. 

White will be with the Knicks in Las Vegas, but will not participate in games.  He will be there to meet his new teammates and coaches and to work out, learning the new system he will be a part of with the Knicks.

For anyone who is unfamiliar with White, which is a large portion of fans, follow this link for a ridiculous display he puts on at a slam dunk contest.  White earned the nickname “Flight 75” for his leaping ability.  To see how outstanding it really is, check out this link: http://www.youtube.com/watch?v=vR2XFpaoOxo  

White is notorious for being able to dunk from the foul line, making it look routine.  He is also capable of dunking from that distance while putting the ball between his legs.  

Knicks Land Marcus Camby from Rockets

Knicks Land Marcus Camby in Sign and Trade with Rockets

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The Knicks were able to land another important piece today in center Marcus Camby.  He will backup both Tyson Chandler and Amar’e Stoudemire and can start at either power forward or center if injuries do occur.

The Knicks signed Camby to a three year $13.2 million deal, with the third year being only partially guaranteed.  It will turn into a 2 year $10 million if the third year isn’t picked up. 

Most people are under the impression that the Knicks have no cap space, so the first thought that comes to mind is how do the Knicks keep adding players? In this scenario, it was by a sign and trade.

The Knicks agreed to send Toney Douglas, Jerome Jordan, Josh Harrellson and second-round picks in 2014 and 2015 for Camby. The deal cannot be finalized until July 11^th, once all deals can be finalized for NBA players. 

The 38 year old and 16 year veteran had narrowed his choices down to the Knicks, Brooklyn Nets and Miami Heat ultimately choosing the Knicks because of money.  The Heat and Nets could only offer the veteran’s minimum, with no assets to trade.  The Knicks had assets to trade, in turn being able to give Camby more money.

Camby has still been productive even this late into his career.  He averaged 7.2 points and 9.8 rebounds per game in 59 games between the Houston Rockets and Portland Trail Blazers.  The addition of Camby gives the Knicks one of the best one-two punches at the center position in the NBA. 

This will be Camby’s second go-around with the Knicks, as he played with them from 1998-2002.  Hopefully his tenure this time can be as successful as his first time, as he started for the Knicks in the NBA Finals in the 1999 series against the San Antonio Spurs.