July 17th, 2012
11:13 PM ET

Rockets sign Lin as Knicks decline to match

[Updated at 2:10 a.m. ET Wednesday] Seven months after dropping him from their team, the Houston Rockets signed Jeremy Lin when the New York Knicks failed to match Houston's three-year, $25-million offer for the point guard.

"We are thrilled to have Jeremy back as part of the Rockets family," Rockets owner Leslie Alexander said in a statement Tuesday night. "In his limited opportunity last season, Jeremy showed that he has all the skills to be a great player in this league for many years to come."

The Harvard-educated basketball phenom captured worldwide attention by leading the Knicks to a string of victories last year.

Jonathan Supranowitz, the Knicks' vice president of public relations, announced Tuesday night that the Knicks would not match Houston's offer.

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Filed under: Basketball • NBA • New York • Sports • Texas
soundoff (2 Responses)
  1. Jeff Frank (R-Ohio) "Right Wing Insanity"

    Unemployment is high.

    July 18, 2012 at 12:32 am | Report abuse |
  2. francois2012

    Give him minimum wage, and use those millions to feed the starving children of America.

    July 18, 2012 at 3:20 am | Report abuse |