Linsanity will be relocating to Houston next season. The New York Knicks have decided not to match the three-year, $25 million offer sheet presented by the Rockets, according to Howard Beck of the New York Times. This means that Lin will be a member of the Rockets next season.
The news concludes a bizarre few days in which the Rockets tried everything they could to steal Lin away and the Knicks stalled for time. In an attempt to increase the financial pain the Knicks would suffer if they kept Lin, the Rockets decided to exercise a little-used clause in the CBA that would have escalated Lin's salary to $14.9 million in the third year had the Knicks kept him. The Knicks were upset that the Rockets made this late increase and dodged the official paperwork in an attempt to prevent the three-day window to decide on restricted free agents from beginning. In that time, the Knicks traded for Raymond Felton to replace Lin on the roster.
Lin dazzled the basketball nation by starring in a 35-game sample after bouncing around the fringes of the league, but the Knicks, who already owe a combined $62 million in 2014-15 to Carmelo Anthony, Amar'e Stoudemire and Tyson Chandler, were reluctant to have another high-salaried player on the roster, given the more punitive luxury-tax penalties that exist in the new CBA.