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: Kyle Lowry’s Philadelphia area home was burglarized by jewelry heist ring

Toronto Raptors guard Kyle Lowry reacts after making a 3-point shot against the Los Angeles Lakers during the second half of an NBA basketball game in Los Angeles, Sunday, Jan. 1, 2017. The Toronto Raptors won 123-114. (AP Photo/Kelvin Kuo)
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Kyle Lowry is a gold medalist from Rio and a Toronto All-Star (and should be again this season), but at heart he is a Philly guy. He was born and raised in Philadelphia, and went to college right there at Villanova. He still has a home in the area.

A home that was burglarized recently, according to a report at CBS Philadelphia, who talked to local police.

A multi-million dollar jewelry burglary ring is cracked in the Delaware Valley as investigators are trying to recover all the jewels stolen from victims, including an NBA star player….

The Main Line home of Toronto Raptors’ Kyle Lowry was hit, police sources said.

Responding to an email from CBS3, a spokesman for the Raptors said Lowry, a former Villanova basketball standout, politely declined comment for this story.

Lowry was far from alone in being targeted, and a couple of people who fell victim to the ring lost more than $500,000, according to the report.

The crew had ties to a shop on “Jewelers’ Row” in the city, which served as a front for the ring tried to move millions of dollars in stolen jewelry, according to the report. Wasim Shazad, the owner of the shop, was arrested but is now out on bail as he moves through the legal process.

 

NBA: Timberwolves got away with defensive three-second violation on pivotal stop in win over Nuggets

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To the delight of the Trail Blazers, Pelicans, Kings, Timberwolves themselves and any other Western Conference team with playoff designs, Minnesota knocked off the eighth-place Nuggets on Sunday. Denver is now just a half game up for postseason position.

But perhaps the Nuggets would have more breathing room if the game featured correct officiating down the stretch.

With the Timberwolves trying to protect a two-point lead, Karl-Anthony Towns got away with a defensive three-second violation with 35 seconds left, according to the NBA’s Last Two Minute Report

Towns (MIN) is in the paint without actively guarding an opponent for longer than three seconds.

Towns is clearly matched up with Nikola Jokic, but the rules require Towns to be “within arms length of an offensive player and in a guarding position.” Towns is playing too far off Jokic to qualify.

Danilo Gallinari got away with travelling one second later, but a correct call would’ve stopped play and given any Denver player on the court – likely Gallinari, who’s shooting 89% from the line this season and 86% – a single free throw. Then, the Nuggets would’ve taken the ball out of bounds with a fresh chance to score.

Instead, with Towns covering the paint, Minnesota forced a miss and grabbed the defensive rebound. Denver began intentionally fouling, and the Timberwolves escaped with a 111-108 win that altered wide-open chase for the No. 8 seed in the West.

Pistons-Kings game delayed for smoke over court (video)

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DeMarcus Cousins, in his eternal battle with referees (and everyone else), retroactively won every argument he’s ever had when he had to alert the officials in last night’s Pistons-Kings game to the large cloud of smoke coming toward the court. It was only then that the refs stopped play.

But the best reaction to the mistimed fog machine was Sacramento coach Dave Joerger:

LeBron James tweets: I’m not mad at Cavaliers GM David Griffin

CLEVELAND, OH - DECEMBER 25: LeBron James #23 of the Cleveland Cavaliers rallies his teammates in the huddle during player introductions prior to the game Golden State Warriors at Quicken Loans Arena on December 25, 2016 in Cleveland, Ohio. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory copyright notice. (Photo by Jason Miller/Getty Images)
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After tearing into the Cavaliers’ roster construction last night, LeBron James said he’d tweet even more thoughts.

LeBron delivered, softening the point everyone amplified (that he wants roster improvements) and emphasizing the point that got overlooked (that he’s on board with Cleveland general manager David Griffin):

I’m guessing LeBron saw how his comments went over and wanted to quiet the storm he created. What he said sounds so much more resentful. These tweets read as much more constructive.

But the underlying point remains: LeBron is unsatisfied with the roster.

He won’t be a free agent until 2018, but remember, dissatisfaction with the Heat’s roster contributed to him bolting Miami.