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: J.B. Bickerstaff in talks to join David Fizdale’s staff in Memphis

HOUSTON, TX - APRIL 21:   Head coah J.B. Bickerstaff of the Houston Rockets looks on at Toyota Center on April 21, 2016 in Houston, Texas.  NOTE TO USER: User expressly acknowledges and agrees that, by dowloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Bob Levey/Getty Images)
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Now that former Heat assistant David Fizdale has accepted the Grizzlies’ head coaching job, he’s starting to put together his staff. One name to keep an eye on, according to John Martin of ESPN 92.9 in Memphis: J.B. Bickerstaff, who served as the Rockets’ interim coach this season after the team fired Kevin McHale in November.

The Rockets were a chemistry disaster this season, but Bickerstaff is highly regarded around the NBA in coaching circles. He was a candidate to keep the coaching job in Houston when the Rockets’ front office began their search, but he withdrew his name from consideration when he started receiving interest around the league as a lead assistant. It sounds like Memphis is one of the teams going after him, and he’d be a good hire for Fizdale’s staff.

Warriors’ owner Joe Lacob does “we’re not worthy” bow to Klay Thompson

OKLAHOMA CITY, OK - MAY 28:  Klay Thompson #11 of the Golden State Warriors drives against Kevin Durant #35 of the Oklahoma City Thunder during the fourth quarter in game six of the Western Conference Finals during the 2016 NBA Playoffs at Chesapeake Energy Arena on May 28, 2016 in Oklahoma City, Oklahoma. 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.  (Photo by Maddie Meyer/Getty Images)
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Warriors coach Steve Kerr called Thompson “ridiculous.” That may be an understatement.

Thompson had 41 points, hit an NBA record 11 three-pointers in a playoff game, and the Golden State Warriors don’t force a Game 7 without him.

Warriors owner Joe Lacob may have had the best response, he drops to his knees and does the “we’re not worthy” bow before Thompson in the hallway postgame. (As there are reports a return trip to the Finals again could be worth $40 million to the franchise, Lacob should be bowing to Thompson for making that even possible.)

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Hat tip Eye on Basketball.

Reports: Bucks to extend Jason Kidd’s contract, hire Jazz’s Justin Zanik as assistant GM

PHOENIX, AZ - DECEMBER 20:  Head coach Jason Kidd of the Milwaukee Bucks stands on the court during introductions to the NBA game against the Phoenix Suns at Talking Stick Resort Arena on December 20, 2015 in Phoenix, Arizona.  The Bucks defeated the Suns 101-95. 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.  (Photo by Christian Petersen/Getty Images)
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The Bucks have a promising young core — led by Giannis Antetokounmpo, Jabari Parker, John Henson, and Kris Middleton — but one that took a step back this past season. Setbacks can mean changes in the power structure of an organization, and there are changes coming to Milwaukee.

However, not in the coaching ranks — Jason Kidd isn’t going anywhere, reports Adrian Wojnarowski of The Vertical at Yahoo Sports.

The Bucks are moving toward a contract extension with Kidd as coach, league sources said.

There will be changes further up the ladder.

John Hammond, the GM who was the architect of the current roster, has just one year left on his current contract, and the Bucks are bringing in Utah’s Justin Zanik as a GM in waiting, according to Wojnarowski.

Zanik, an assistant general manager with Utah, will join the Bucks with a similar job title – and an agreement that he will eventually become the successor to Milwaukee GM John Hammond, sources said.

Zanik has constructed a strong reputation within the league as a front-office executive and previously a player agent. Milwaukee was aggressive in pursuing him to eventually lead the franchise’s basketball operations.

The key is can Zanik and Kidd work together — Kidd has consistently pushed for more power in personnel decisions.

Bucks owners Wesley Edens and Marc Lasry have been aggressive since buying the team, and you can expect Zanik will be under orders to get this team back to the playoffs and back on an upward trajectory. That may just take time as all their young talent comes together. Well, that and they have to figure out how to make Greg Monroe fit with everyone else.

Watch Klay Thompson’s record 11 playoff three pointers

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Klay Thompson was ridiculous. His shooting was some of the most incredible shooting you will ever see.”

That was how Warrior coach Steve Kerr described Thompson’s night — a playoff record 11 three pointers on his way to 41 points, sparking Golden State’s Game 6 win on the road. It wasn’t just the threes, it was the degree of difficulty on some of those shots — he was just in the zone. Not the Blake Griffin commercial zone, the real one.