Apr 28, 2012; Miami, FL, USA; New York Knicks point guard Jeremy Lin (center) greets point guard Baron Davis (left) and guard Landry Fields (right) before game one in the Eastern Conference quarterfinals against the Miami Heat of the 2012 NBA Playoffs at the American Airlines Arena. Mandatory Credit: Steve Mitchell-US PRESSWIRE

NBA Trades and Free Agency: Jeremy Lin-New York Knicks era over?

The New York Knicks shocked the basketball world Saturday night trading for Portland Trailblazers point guard Raymond Felton, according to Marc J. Spears of Yahoo! Sports.

The Knicks were believed all along to be planning to match the offer sheet Jeremy Lin signed with the Houston Rockets for three years, $25 million but now trading for Felton makes it seem like the Knicks will pass on Lin.

The Knicks would incur some pretty steep luxury tax penalties if they were to match Houston’s offer for Lin but many believe the value of Lin in New York and his effect on ticket/jersey sales would be able to make up for it.

Lin played in 35 games for the Knicks this season and averaged 14.6 points and 6.2 assists per game. Felton played for the Knicks in the 2010-11 season and averaged 17.1 points and 9.0 assists per game.

The deal between New York and Portland will also involve the Knicks sending Jared Jeffries and Dan Gadzuric to the Blazers for Kurt Thomas along with Felton. Felton will be set to make around $10 million over the next three years with New York.

The Knicks could still potentially match Houston’s offer for Lin but after also trading for Jason Kidd this offseason, acquiring a third point guard in Lin doesn’t seem to make much sense.

The Rockets will be happy to get Lin although their main priority is still Dwight Howard. Lin thrived in the pick-and-roll under Mike D’Antoni and Houston is a system that loves their point guards in the pick-and-roll with Kyle Lowry and Goran Dragic doing so well in it last year.

The latest rumors on Howard’s potential movement now involve a 3-team trade between Orlando, Cleveland and the Lakers that would send Howard to L.A. and Andrew Bynum to Cleveland.

Although now that deal looks to not be happening either, according to Sam Amico of Fox Sports.

The Magic would make out of the deal with a package of picks and prospects, according to Alex Kennedy of HoopsWorld. This potential deal is very far from being done but does seem the most likely trade Howard would accept.

It is unlikely that any team would be able to offer a greater package of picks and prospects than Houston though.

Howard trade rumors are different every few days but many still believe the Lakers have the best chance of getting him like they’ve done so many times before with the NBA’s best centers.

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Tags: Andrew Bynum Cleveland Cavaliers Dwight Howard Houston Rockets Jeremy Lin Los Angeles Lakers NBA Free Agency New York Knicks Orlando Magic Raymond Felton

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