Jeremy Lin

Associated Press
Fans hold up a banner for New York Knicks guard Jeremy Lin during the Knicks' NBA basketball game against the Utah Jazz on Monday, Feb. 6, 2012, in New York. Lin scored 28 points during the Knicks' 99-88 win. (AP Photo/Kathy Kmonicek)

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According to reports, The Knicks plan to cut ties with Jeremy Lin on July 17, allowing the popular point guard who spawned "Lin-sanity" in New York to head to Houston to join the Rockets.

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