The New York Knicks are not planning to match Houston’s offer for Lin, a restricted free-agent, The New York Times reported Tuesday, citing an unidentified person briefed on the situation.
The Times said deliberations were over for the Knicks as of Tuesday afternoon, and they had elected – as was widely expected – not to equal the Rockets’ three-year, $25 million offer sheet, signed by Lin last Friday. New York officially had until 11:59 Tuesday to decide whether to re-sign Lin, and The Times cautioned there was an “incredibly small” chance the decision could be reversed. Madison Square Garden chairman James Dolan had the final say.
Lin initially agreed to a four-year offer sheet worth about $28 million with Houston. The Rockets threw a curveball at the Knicks by revising the offer and making it three years and including a guaranteed salary of about $15 million in the third year. If the Knicks agreed to that deal, they’d have to pay a hefty luxury tax in 2014-15 – between $30-40 million.
NETS: Continued their offseason barrage of signings, agreeing to a new, two-year deal with power forward Kris Humphries.
Humphries, 27, averaged 13.8 points and 11.0 rebounds for the Nets last season, and has averaged a double-double
in back-to-back seasons: 2010-11 and 2011-12. Last season’s effort came on a one-year deal and for a bad team. Then still in New Jersey, the Nets went 22-44.
But Humphries, who will make $24 million over the life of the contract, will now be part of a new-look group in Brooklyn that includes guards Deron Williams and Joe Johnson, center Brook Lopez, and forward Gerald Wallace, who all either decided to re-sign with the Nets this month, or in the case of Johnson, accept a trade from Atlanta to Brooklyn.
HEAT: Mike Miller has decided against retirement and plans to return to NBA champion Miami next season.
Miller says he expects that he can avoid back surgery. He has been consulting with Miami neurosurgeon Dr. Barth Green throughout this off-season and believes the back problems he dealt with this past season can be minimized through rest and rehabilitation.
WIZARDS: Waived Andray Blatche, designating him as the team’s amnesty player.
The 25-year-old forward averaged 9.9 points and 5.4 rebounds over seven seasons with the Wizards, who drafted him out of high school.
The move enables the Wizards to remove the $23 million remaining on Blatche’s contract from their salary cap after he failed to live up to expectations and dealt with a series of off-court incidents.