Jeremy Lin will likely sign his $28.8 mil offer sheet w/Houston on Friday, I'm told. That will start 3-day clock for Knicks to match.— Howard Beck (@HowardBeckNYT) July 12, 2012
The Knicks have long said they would match any offer for the point guard, who captivated the country last season with "Linsanity," before an injury ended his season.
By letting him sign an offer sheet, many have theorized that the Knicks actually allowed a fair market price to be set for Lin, rather than going back-and-forth with him directly. The New York Post reported earlier in the month that the Knicks thought Houston's offer sheet was surprisingly low.
The Post reported on July 6 the Knicks would match the Rockets' offer. An NBA source familiar with the Knicks' thinking said of Houston's offer sheet: "It wasn't so bad."