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Wednesday, July 18, 2012

NYK Makes LIN Decision

Kevin Martin doesn’t even remember Jeremy Lin being in training camp with the Houston Rockets last December. Seven months later, Lin is returning to Houston – and he's a lot richer for it.

Lin officially rejoined the Rockets Tuesday night after the New York Knicks declined to match the three-year, $25 million offer sheet he signed with Houston. The Rockets waived Lin just before the start of last season, and he went on to become one of sports' biggest stories during a stunning three-week run as the Knicks' starting point guard.

"Everyone knew his story and how it came alive, but it started in Houston with no one really even knowing he was there,” Martin told Yahoo! Sports. "I don’t remember him at all from training camp. It’s going to be kind of funny. Even though he’s been there for us before, it feels like we are getting a new player."

The Knicks declined comment on their decision to match the offer sheet. Rockets general manager Daryl Morey used his Twitter account to welcome Lin: "Welcome to Houston @JLin7! We plan to hang on this time."

"Extremely excited and honored to be a Houston Rocket again!!" Lin tweeted.
Lin became the Knicks' starting point guard after injuries to teammates forced him into the lineup. He led New York to seven straight victories and earned a pair of Sports Illustrated covers and praise from President Obama. His stunning three-week stretch included a 38-point performance against the Los Angeles Lakers and a game-winning 3-pointer at Toronto. The sports world was quickly swept up with "Linsanity," until Lin's season ended with a knee injury.

"Much love and thankfulness to the Knicks and New York for your support this past year … easily the best year of my life," Lin tweeted late Tuesday.

Lin was a restricted free agent, but was strongly expected to return to the Knicks no matter what offer he received. The Rockets creatively put together an offer sheet that includes a $15 million salary in the third year of the contract. New York would have incurred substantial luxury-tax penalties matching the deal because the team owes Carmelo Anthony $24 million,

Amar'e Stoudemire $23 million and Tyson Chandler $14.5 million that same season.
The Rockets and Lakers are the current frontrunners to acquire Orlando Magic center Dwight Howard in a trade. Lin can't be traded until Jan. 15 after signing the offer sheet. But Martin, who is in the last year of his contract, could be moved. The Rockets have rid themselves of Kyle Lowry, Luis Scola, Samuel Dalembert and Chase Budinger this summer to acquire the salary-cap space and assets for a potential Howard trade.

"I got here 2½ years ago, and now I’m the longest-tenured Rocket there," Martin said. "We lost some great players over the last month in Kyle and Luis. They were great teammates. Nobody likes to go the rebuilding route, but sometimes it’s needed. And that’s how Daryl Morey feels right now, so you don’t know what the future holds for the Rockets."

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