Felton to Knicks

[CatofWar]

Maybe they are going to let Lin walk...

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LAS VEGAS — Months after the Rockets gave Jeremy Lin to the Knicks, eventually launching the season of Linsanity, the Knicks seemed ready to give him back.

The Rockets moved significantly closer to landing Jeremy Lin on Saturday, a day after he signed a three-year, $25.1 million offer sheet with them, when the Knicks moved in the other direction.

While the Rockets struggled through Friday evening and all day Saturday to deliver Lin’s offer sheet to Knicks general manager Glen Grunwald, the Knicks reached agreement to bring another point guard to New York.

The Knicks will acquire guard Raymond Felton in a sign-and-trade deal with Portland, Felton’s agent, Tony Dutt said.

The addition of Felton could give the Knicks reason to let Lin walk. In the third year of Lin’s heavily back-loaded contract, he would cost the Knicks roughly $45 million in salary and luxury tax. Felton is expected to sign a contract that would be worth between $3 million and $5 million that season.

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http://blog.chron.com/ultimaterockets/2012/07/linsanity-to-houston-closer-to-becoming-a-reality/

Still have no idea if the rockets will land Howard.