New York Knicks' Lin pumps his fist from the bench as teammates score during their NBA basketball game in Toronto

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.

Report: Celtics to pay second-round pick Demetrius Jackson more than 10 first-rounders next year

PHILADELPHIA, PA - MARCH 25:  Demetrius Jackson #11 of the Notre Dame Fighting Irish celebrates after defeating the Wisconsin Badgers with a score of 56 to 61 during the 2016 NCAA Men's Basketball Tournament East Regional at Wells Fargo Center on March 25, 2016 in Philadelphia, Pennsylvania.  (Photo by Streeter Lecka/Getty Images)
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The Celtics became the first team to pay a second-round pick more the season immediately following the draft than some first-rounders received. Last year, No. 37 pick Jordan Mickey had a higher salary than four 2015 first-rounders.

Now, Boston is pushing the envelope even further.

No. 45 pick Demetrius Jackson will make more than the last 10 (!) 2016 first-rounders can earn in the NBA next season.*

*At least two players picked in that range, No. 23 pick Ante Zizic and No. 26 pick Furkan Korkmaz, will play overseas next season. Their salaries with their foreign teams might be higher than they could’ve gotten in the NBA.

Jackson’s salary will be $1,450,000, according to Yahoo Sports. No. 21 pick DeAndre’ Bembry will get $1,499,760 from the Hawks next year, and following first-rounders will fall in line behind him.

The issue is the antiquated rookie scale, which was set well before new national TV contracts pushed the salary cap north of $94 million. With all this new money flooding the system, everyone can grab a share — except first-round picks, who are tied to the scale.

That leaves even more money for second-rounders, and Jackson is the second to cash in in this major way. No. 31 pick Deyonta Davis will get $1,275,917  next season — more than the last six first-rounders. But the Grizzlies also guaranteed Davis’ first three years.

Jackson’s contract becomes much more team-friendly after this season. His salary the following three years is slated to be lower than this year’s: $1,319,500, $1,384,750 and $1,319,500. Yahoo’s wording is ambiguous, but it appears none of those seasons have any guaranteed compensation.

So, the Celtics are getting something in exchange for paying Jackson more now — flexibility in later years. The bargain works for them, because with the salary cap suddenly so high, they had little other use for that 2016-17 money. They essentially bought a better deal later by spending more when they were overrun with cap room.

And Jackson gets a bigger payday as he enters the pros. If he plays well, he’s stuck with a lower salary — though, for the next couple years, it’s still higher than a few first-rounders. If he doesn’t play well, he can be waived at no more cost. This is the opposite of betting on yourself, but that’s totally fine. Jackson will earn a lot of money this year in exchange. He got something significant with his bargaining power.

Projected by some to be a first-round pick, Jackson fell to the middle of the second round. Predictably, that probably turned out better for him.

Watch the best plays of the 2016 Orlando Summer League

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Summer League is long in the rear view mirror — particularly the Orlando Summer League from the beginning of the month.

But with no NBA basketball on the horizon for three months (although we do have the Olympics, here on NBC), why not look back at the top plays from Orlando? So here you go.

Heat fans, Briante Weber is at the top of the board.

Former NBA player Von Wafer takes to Twitter to beg for one more NBA chance

Houston Rockets v Los Angeles Lakers, Game 7
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Von Wafer was the quintessential gunner without a conscious during his six NBA seasons. He never saw a shot he didn’t like.His propensity to shoot rather than make the right basketball play is why he bounced around the league for six seasons. Well, that and his locker room fights and throwing of chairs and the like.

Wafer looks back on that and winces.

And he went to Twitter to beg for another chance, despite not having been in the league since 2012. The message came after a tweet showing part of his last workout.

Wafer is now 31 and last set foot on an NBA court in 2012, having played in China, Russia, Puerto Rico, and the D-League since them. We’ll politely call his comeback attempt a longshot.

But a guy who can shoot the rock asking for one more chance? We know there will be worse and stranger camp invites.

(Hat tip Ball Don’t Lie).

 

Report: If Durant/Curry relationship goes south, teams will try to poach Stephen Curry. Well, duh.

OAKLAND, CA - JULY 07: Kevin Durant speaks to the media during the press conference where he was introduced as a member of the Golden State Warriors after they signed him as a free agent on July 7, 2016 in Oakland, California. (Photo by Thearon W. Henderson/Getty Images)
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There are a handful of true game-changing players in the NBA. Not max players, there are a chunk of those, we’re talking “you can build a contender around him” guys. Kevin Durant is one, and he is headed to Golden State.

Stephen Curry is another. And he is a free agent next summer. So many teams — including one contender — are ready if the Durant/Curry relationship goes south, reports Ric Bucher of Bleacher Report.

B/R EXCLUSIVE: A contender is planning to poach Steph Curry from Dubs if chemistry with Durant turns 'poisonous'

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Well, duh.

Again, there are not many Curry level players; teams should have a “what if” plan. Including contenders.

That is very different than saying Curry is going to leave the Warriors — nobody around the league sees that as likely. Nobody expects a “poisonous” Durant/Curry relationship. Everyone expects Curry to re-sign for the max with the Warriors. The man just recruited Durant, now he’s going to bolt?

But like a Boy Scout, a team is always prepared. So they should have that plan, just don’t count on it for a primary option.