Jeremy Lin has received a substantial offer from the Houston Rockets, and the New York Knicks were expected by many to match the offer for the restricted free agent. Recent reports, however, suggest that the Knicks have plans to look elsewhere:
The Knicks are considering signing UFA Raymond Felton and letting RFA Jeremy Lin walk to the Rockets, a source close to situation confirms.— Alex Kennedy (@AlexKennedyNBA) July 15, 2012
Jeremy Lin appears close to being a Houston Rocket with Raymond Felton to NY deal close to being done, sources tell Y!— Marc J. Spears (@SpearsNBAYahoo) July 15, 2012
However this turns out, Lin will have a lot to live up to in the coming season.