It is "highly doubtful" NY will match Jeremy Lin's offer sheet with HOU, source tells Y! Sports. NY likely to wait 3 days before declining.— Marc J. Spears (@SpearsNBAYahoo) July 15, 2012
Spears' tidbit came just a few hours after NBA.com writer David Aldridge wrote that the Knicks' acquisition and signing of veteran point guard Raymond Felton to a three-year, $10 million deal could spell the end of the Linsanity era; and before ESPN.com's Stephen A. Smith reported sources inside the organization are telling him that New York will not match the contract offer.
Reports are that the Rockets' three-year offer to Lin, which is backloaded, would cause a lot of financial issues for the Knicks in the next few years.
However, the Knicks letting Lin go isn't a sure thing yet, as New York's front office brass is taking their time on rejecting the deal, leading some to believe things are still trying to be worked out.
-- See Posting and Toasting for reaction to this development with the Knicks