Knicks sign-and-trade for Raymond Felton, is Jeremy Lin on the way out?

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Things went from “easy and predictable” to completely insane Saturday night in Gotham. It had been a few days since things with the Knicks had seemed berserk, so of course, all that detonated as news broke that the Knicks’ point guard situation could be altered dramatically in a matter of hours.

Here’s a rundown of how this happened.

Late Saturday night, a television reporter in South Carolina tweeted that he had spoken with free agent point guard and former New York Knick Raymond Felton and the guard told him that he was headed to New York in a sign-and-trade and that Jeremy Lin would not have his 3-year, $25 million offer sheet from the Rockets matched by the Knicks. Chaos ensued.

Then the New York Daily News reported that the Knicks had in fact reached out to Felton to discuss a deal and sign-and-trade, giving the report from South Carolina credence.

Yahoo Sports reported the deal was close and that Jeremy Lin was “close to being a Rocket.” 

The New York Daily News reported that the deal was done, with Felton and Kurt Thomas headed from Portland to New York for Dan Gadzuric and Jared Jeffries. CBSSports.com confirmed the trade. Yahoo Sports reported that the Knicks would give Felton a 3-year, $10 million contract.

The New York Post reports that a source indicates the Knicks will not match the offer. Every other outlet is staying quiet on that matter for now, waiting on confirmation.

That’s a huge question looming for both the Knicks and the Rockets.

For the Knicks, it’s a stunning move away from both the player who set the sporting world on fire for a few weeks in late winter, a financial boomtown all by himself due to marketing potential, and from their long insistence that they would match any offer made for Lin. It was a guarantee that Lin would be a Knick, by most sources. Now it appears as if it’s very possible that the richest team in the land is being scared off by the fear of the luxury tax hitting them in three years, when the structure of a matched contract for Lin would result in $15 million owed to the point guard.

It has long been thought that the Knicks couldn’t care less about the luxury tax. This would render all of that false.

Even more complicated still is the prospect of the Knicks matching for Lin. It would mean a three-point-guard rotation, with J.R. Smith signed to the two-guard spot and Iman Shumpert expected back early next year. Where does Jason Kidd fit into that plan? Would the Knicks play Felton, Lin, or Kidd at the 2-guard spot as a reserve? What role does Felton fit in? How would Lin fit in with his relative inexperience next to Raymond Felton and Jason Kidd?

Why would they sign three point guards at that level and price?

The questions go on and on and still have to be answered.

For the Rockets, there are huge questions about how it impacts their chase of Dwight Howard and the questions remain in flux as we try and get a handle on the situation. There are indications that the deal could sink the trade for Howard, or have no impact on it whatsoever. What is clear is that if the Bulls do not match the offer sheet Houston signed Omer Asik to, there’s going to be a huge chunk reserved in terms of space, and the Rockets would be unable to trade either player until December 15th, meaning they’re running out of options to trade for Howard.

The Blazers got a second round pick and some roster filler for a point guard they weren’t going to retain. No big deal for them.

The Knicks have one of the biggest choices of their franchise in front of them, and the implications either way could be massive. Lin could be massively overpaid, having only excelled in a handful of games last season. Letting him go could be a killer with the kind of skillsets and physical conditions Felton and Kidd bring with them. This is a monstrous decision for the Knicks, and the stakes are as high as they can be.

We know Raymond Felton is back as a Knick. Everything else we’re still working on.

Watch the top 60 clutch shots from last NBA season

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It’s that time of the year when there is no basketball, so we fill the time with idle Kyrie Irving speculation and video highlights of last season.

Along those lines, above you can out the top 60 clutch shots from last season, as determined by the folks at NBA.com.

The great thing about the clutch shot list is the ball is in the hands of stars at the ends of games, so there is plenty of Russell Westbrook, John Wall, LeBron James, Devin Booker, Kevin Durant and more. Personally, I would have switch No. 1 and No. 2 on the list, but it’s all fun to relive.

Cavaliers owner Dan Gilbert: Pacers ‘could have done better’ on Paul George trade

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Kyrie Irving has requested a trade. LeBron James could leave next summer. The Cavaliers keep churning through general managers, the newest – Koby Altman – the reason for today’s press conference.

But Cavs owner Dan Gilbert looked past his own team’s turmoil and potential turmoil to take a shot at the Pacers, who traded Paul George to the Thunder for Victor Oladipo and Domantas Sabonis.

“I will say Indiana could have done better than they did,” Gilbert said after Altman refused to directly address a question about George trade talks and shifted the discussion elsewhere.

This didn’t strike me as Gilbert trying to distract from Cleveland’s troubles. He just seemed to want to take a shot at a foe, something he’s no stranger to doing. The Cavaliers are particularly salty about their trade offer for George, which included Kevin Love, not being accepted.

For what it’s worth, Gilbert is right. The Pacers should have done better. Oladipo is now on a lucrative contract extension, and Sabonis spent his rookie season showcasing the reasons people doubted him the draft. That’s a piddling return for a star, even one on an expiring contract with dreams of joining the Lakers.

Report: Kings meet with former Magic GM Otis Smith about front-office job

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The Kings lost Scott Perry to the Knicks, so Sacramento is seeking someone else to aid Vlade Divac in the front office.

Adrian Wojnarowski of ESPN:

Former Orlando Magic general manager Otis Smith has met with Sacramento Kings officials about the franchise’s vacant vice president of basketball operations job, league sources told ESPN.

Smith has plenty of experience, which Divac lacks. But it’s not all good experience.

Running the Magic, Smith made numerous errors – including drafting Fran Vazquez (who has never played in the NBA) No. 11, overpaying Rashard Lewis and then trading Lewis for Gilbert Arenas’ even worse contract. If Smith’s Orlando tenure is predictive, he’ll indulge the Kings’ worst tendencies to mortgage the future for the present.

That said, Smith might have learned from his time with the Magic (though working under Stan Van Gundy with the Pistons the few couple years isn’t exactly the best place to hone long-term-planning skills). What amounts to an assistant general-manager role might be a better fit for him, too.

Usually, this opening wouldn’t garner so much attention. But Perry was lavished with praise for Sacramento’s offseason, raising the profile of this job – which already carried relative prominence. The No. 2 in the Kings’ front office is now perceived, somewhat fairly, as more important than the typical assistant general manager.

Lakers sign Tyler Ennis to minimum contract

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Jut before the trade deadline, the Lakers took a flier on Tyler Ennis, who had struggled in two-plus seasons with the Suns, Bucks and Rockets.

The former No. 18 pick finally looked like an NBA player in Los Angeles, so he’s returning.

Lakers release:

The Los Angeles Lakers have signed guard Tyler Ennis, it was announced today by General Manager Rob Pelinka.

Ramona Shelburne of ESPN:

This is fantastic value for the Lakers. Ennis is probably worth a minimum salary, and if he is, they have him for two years at that price. If not, they can drop him for no cost next summer, when their cap room will be at a premium. This is the type of bet smart teams make, which bodes well for the Magic Johnson regime.

Ennis’ productivity in Los Angeles might not be sustainable. He shot well above his career marks on 3-pointers and free throws in a small sample. But he looked more comfortable on the court, showing some of the savvy he was expected to bring from Syracuse. He’s also just 22, and point guards tend to develop later than other positions.

The Lakers still have their room exception, which they could use on another point guard. So, it’s uncertain whether Ennis will back up Lonzo Ball or fall to third string. I’m not sure any remaining free-agent point guards – Ty Lawson, Deron Williams, Brandon Jennings, Ramon Sessions – will command more than the minimum or playing time over Ennis, though.