July 17th 2012: The New York Knicks do not match Jeremy Lin’s offer sheet
To the shock of many fans, the New York Knicks officially did not match Jeremy Lin’s offer sheet and thus allowed him to sign with the Houston Rockets. Lin originally signed an offer sheet worth 4 years and $28.9 million. The contract itself was guaranteed for $19 million. The Knicks previously proclaimed that they would match any offer sheet offered to Lin.
However, Rockets GM Daryl Morey added a poison pill into the contract. He revised the offer sheet to include a $15 million balloon salary in his 3rd year. Morey revised the contract to a 3 year $25 million deal. The $15 million contract. The third year of the contract would have cost the Knicks almost $40 million in luxury tax alone. After Morey revised the offer sheet, the Knicks felt hesitation in matching the contract.
At the same time, James Dolan felt betrayed that Lin and/or Morey went back to revise the contract. The lack of loyalty and trust definitely played a role in the aftermath of the offer sheet. The Knicks subsequently acquired Raymond Felton, officially putting Lin’s future with the team in jeopardy.
Due to the factors above, the Knicks didn’t match the Rockets’ offer sheet. Fans were clearly disappointed after witnessing Linsanity. In hindsight, it was the right move for the franchise. Lin only played one solid season during the contract (2012-13), but a propensity for turnovers and unease playing with both James Harden & Kobe Bryant demised him over the remainder of the deal.
July 11th 2012: The New York Knicks re-acquire Marcus Camby
The New York Knicks and Marcus Camby officially reunited on this date in a sign-and-trade deal with the Houston Rockets. In return for Camby, the Rockets received Toney Douglas, Josh Harrellson, Jerome Jordan, and two future 2nd round picks. The Knicks signed Camby to a 3 year contract worth $13.2 million
Camby re-joined the Knicks after the disastrous 2002 trade with the Denver Nuggets. After leaving the Knicks, Camby expressed frustration with both James Dolan and the Knicks medical staff. Camby’s issues with Dolan resulted from the implementation of his media policy in 2001. The issues with the medical staff dated from not properly diagnosing the various injuries during his tenure.
The Knicks continued their push to surround Carmelo Anthony with veterans. For some reason, that meant surrounding him with the oldest of oldest veterans possible. It meant giving 39 year old Jason Kidd a 3 year $9 million contract. It also meant reuniting Camby’s teammate Kurt Thomas with the organization. Giving a 38 year old Camby a $13 million contract seemed odd then and looks just as odd now. The contract is baffling despite Camby playing 59 of 66 games during the lockout 2011-12 season.
Although the veteran presence helped the Knicks win 54 games, the energy wasn’t sustainable through the playoffs. Many of those veterans, including Camby, couldn’t last the entire season. Camby only played 24 games during the regular season and was dealt after the season in the disastrous Andrea Bargnani trade.
As for the players dealt, only Douglas managed to play in the NBA after the trade. Douglas stayed in the NBA through the 2016-17 campaign. However, he never achieved some of the highs he reached while in New York.
December 26, 2012: JR Smith hits game-winning basket to stun the Phoenix Suns
In what almost amounted to be a post-Christmas Day hangover, JR Smith helped the Knicks avoid a back-to-back disappointment with the game-winner. This was his 2nd game-winner after stunning the Charlotte Bobcats earlier in the month.
JR came off the bench to score 27 points in 37 minutes. Despite not hitting a three point shot, he had 6 rebounds, 5 assists, and 5 steals. Jason Kidd scored 23 points, on 8-16 from the field and 5-8 from three, with 6 rebounds and 8 assists. Tyson Chandler had a double double with 14 points and 12 rebounds.
The team was without both Carmelo Anthony & Raymond Felton. Melo missed the game with a hyperextended right knee he suffered when Marcus Camby fell on his leg during the Christmas Day game against the Lakers. Felton injured his finger going after a loose ball in the Lakers game and was subsequently out for the next 4-6 weeks.
After the Suns took a 2 point lead in the 1st quarter, the Knicks took a 10 point lead by halftime. Jared Dudley helped lead the Suns to tie the game after 3 quarters. JR and Kidd helped keep the Knicks in the 4th until the former hit the game winning basket at the buzzer.