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.

Isaiah Thomas nutmegs Knicks center Marshall Plumlee (video)

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Isaiah Thomas usually saves his best play for the fourth quarter, but the Celtics guard showed out early with this pass between Marshall Plumlee‘s legs to get Kelly Olynyk a layup.

Thomas uncharacteristically just didn’t have enough late. Though he scored 39 points, he shot just 2-for-9 in the final period, as the Knicks pulled away for a 117-106 win.

Kevin Durant misses dunk so hard, ball flies past halfcourt (video)

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Kevin Durant played great in the Warriors’ win over the Thunder last night, but – perhaps fueled by excess emotion – he missed this incredibly emphatic dunk attempt.

Later, Russell Westbrook showed his former teammate how to do it (sparking their apparent conversation):

James Harden outduels Giannis Antetokounmpo as they produce fantastic highlight video

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James Harden and Giannis Antetokounmpo met in a battle of two of the NBA’s best point guards. (Still weird to say.) The final lines:

  • Harden: 38 points, 6 rebounds, 8 assists, 2 blocks
  • Antetokounmpo: 32 points, 11 rebounds, 6 assists, 3 blocks

The winner? Harden and the Rockets, who topped the Bucks, 111-92.

But the real winner? Anyone who gets to watch this highlight video. It just gets better as it goes.

PBT Extra: Who do you want to see most in first All-Star Game?

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Tonight the NBA All-Star Game starters will be announced. Then the coaches have a week to vote and the rest of the roster will be put together by them.

This year should see a few first-time All-Stars, guys bursting on the scene and grabbing fans attention — so we asked people on Twitter who they most wanted to see in his first All-Star Game and I break it down in this PBT Extra.

The winner? Giannis Antetokounmpo with 45 percent of the vote. Which shouldn’t be a surprise, he’s second in the fan voting for the frontcourt in the East (behind only LeBron James). Good news for those fans, the Greek Freak is almost guaranteed to be a starter, he’s getting plenty of media votes and likely a lot from the players as well.

Second place in the poll? Joel Embiid of the Sixers. I’d love to see him, but will players and media members vote in a guy on a minutes restriction? Will the coaches pick him for that same reason? He is on the bubble.