The deal sending Raymond Felton to New York has apparently been agreed upon, and it will be finalized tomorrow. This means, hopefully, that the Knicks will end the speculation on whether or not they will match an offer sheet to Jeremy Lin. Jason Quick of the Oregonian tweeted the details of the deal:
Blazers-Knicks trade will go through tomorrow. Blazers get Jared Jeffries, Dan Gadzuric, Kostas Papanikolaou and Georgios Prentezis and $$
Quick also tweeted that the Blazers will release Gadzuric. Their plans for the two Greek players - including Papanikolaou who the Knicks drafted in the second round a few weeks ago - are unknown.
It would seem as though this would be the thing that allowed the Knicks to finally tip their hand on whether they would opt to bring Jeremy Lin back, but that isn't totally certain. The weird situation where the Rockets attempted to hand the Knicks an offer sheet for Lin, but couldn't locate Knicks' GM Glen Grunwald, still has ramifications. Jonathan Feigen reports that the Rockets are assuming that the Knicks have until 11:59 p.m. Tuesday night to match the offer sheet, but the Knicks are disputing that they have longer since they didn't officially receive the sheet immediately. The league hasn't issued any ruling on the subject.
Whether or not they will match the offer sheet is unknown, although virtually everybody seems to believe it is now a foregone conclusion they will let Lin walk to Houston. This just days after it was a foregone conclusion that they wouldn't match, so take that with somewhere between a grain and an entire shakerful of salt.
This is a bit of a reunion deal for the Knicks as they acquire two players with previous stops in New York. Felton played 54 games for the Knicks during the 2010-11 season while Kurt Thomas spent seven seasons in New York (his last was 2004-05). Felton posted the best numbers of his career during his first stint with the Knicks, averaging 17.1 points and 9.0 assists per game. Felton will reportedly sign a three-year $10 million contract.
Blazers will sign guard Raymond Felton to a three-year, $10 million deal and then trade him to Knicks in sign and trade, source tells Y!
But if they don't? The Knicks may well turn to their last competent, exciting point guard, Raymond Felton. Yahoo!'s Marc J. Spears reports that the Knicks are nearing a deal that will bring Felton back to New York — and that Linsanity's marriage to the MSG crowd may be over.
Knicks close to obtaining point guard Raymond Felton in sign and trade with Blazers, source tells Y! Sports.
Felton played all of 54 games for the Knicks in 2010-11 before being included in the package that pried Carmelo Anthony from Denver. He was excellent in those 54, averaging 17 points and nine assists per game. But it won't be Mike D'Antoni's offense Felton would run in New York in 2012 and beyond, and Felton's lack of conditioning during the NBA lockout limited him as a Blazer in 2011-12.