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.

WNBA suspends Riquna Williams 10 games for domestic violence

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NEW YORK (AP) The WNBA has suspended Los Angeles Sparks guard Riquna Williams 10 games for a domestic violence incident.

The WNBA handed down the suspension Tuesday. Williams was arrested on April 29 and charged with two felony counts, one involving the assault of an individual with whom she was in a relationship and the other involving a threat to another person with a firearm. Her criminal case is ongoing.

The league conducted its own investigation and consulted with a panel of experts in the field of domestic violence. Among other factors, the WNBA said it took into account the nature and seriousness of the allegations, including the involvement of a gun.

The WNBA also will require Williams to participate in counseling.

Williams’ suspension will begin with Thursday’s game against the Dallas Wings.

Report: Bulls signing Luke Kornet for guaranteed $4.5M over two years

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Just three 7-footers have averaged 3.5 3-pointers per game and made 35% of them each of the last two seasons:

The Bulls will now have most of them.

Markkanen is Chicago’s top young player. Kornet will join him with the Bulls next season.

Shams Charania of The Athletic:

I’m a little surprised Kornet got more than his minimum ($3,383,360 over two years). But it’s worth taking a flier on him.

In addition to his outside shooting, Kornet has shown good timing as a shot-blocker in two seasons with the Knicks. The 24-year-old must get stronger and improve as a rebounder to play major minutes.

But the Bulls won’t have to press him into action. They also have Thaddeus Young, Markkanen, Wendell Carter Jr., Daniel Gafford and Cristiano Felicio as bigs.

Pistons claim Christian Wood off waivers

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The Bucks waived Christian Wood late last season to ensure avoiding the luxury tax. The Pelicans claimed him. Wood had played well in limited minutes with the 76ers, Hornets and Bucks and in the NBA’s minor league since going undrafted in 2015.

New Orleans gave him his biggest opportunity yet. In 24 minutes per game over eight games, he averaged 17 points and eight rebounds.

But the Pelicans filled their roster for next season and waived Wood.

Detroit will take advantage.

Pistons release:

The Detroit Pistons announced today that the team has claimed forward/center Christian Wood off waivers.

Wood’s $1,645,357 minimum salary is unguaranteed until the regular season. So, Detroit could still waive him before the season. But it seems he’ll at least go to training camp and get a shot at a regular-season roster spot.

The Pelicans also could’ve kept him through the preseason then waived him before the regular season. They seemingly did him a favor of allowing him to get somewhere he has a realistic chance of sticking.

Blake Griffin and Andre Drummond will start in the frontcourt for the Pistons. Markieff Morris and Thon Maker appear to be first in line is backups.

But don’t be surprised if Wood earns playing time. At minimum, the 23-year-old should provide nice depth at both power forward and center.

The Pistons have also now acquired four members of last year’s Bucks – Tony Snell, Thon Maker, Tim Frazier and now Wood.

Knicks: Reggie Bullock has spine injury

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Reggie Bullock had his agreed-upon salary cut by more than half with the Knicks. He’ll reportedly miss at least a month of the regular season.

All because of a mysterious health issue.

The Knicks have finally disclosed what’s happening.

Knicks release:

Reggie Bullock underwent successful surgery today at the Hospital for Special Surgery in New York for a cervical disc herniation. The team will plan to provide an update on his rehab and progress around the start of training camp.

Bullock is a good shooter from the wing. New York could use him. Many teams could use him.

But Bullock must get healthy first.

At this point, we probably shouldn’t expect much from him any time soon. The best indication: how eagerly his agent praised the Knicks for their handling of this situation. Again, Bullock settled for less than half his initially agreed-upon salary.