The New York Knicks are on the clock.
Point guard Jeremy Lin, named a starter by head coach Mike Woodson on Wednesday, signed a four-year offer sheet with the Houston Rockets worth $28.83 million.
Knicks general manager Glen Grunwald said that he had not seen the offer sheet as of Thursday morning but expected the franchise to match any reasonable offer for the sensation. Woodson was more adamant, saying the Knicks would "absolutely" match the deal to keep Lin.
Before his season ended in April because of a torn meniscus in his left knee, Lin averaged 14.6 points and 6.2 assists in 35 games. The 23-year-old went undrafted out of Harvard and was cut by the Rockets and Warriors -- he played 29 games with Golden State in 2010-11 -- before he landed with the Knicks via waivers. He had seven double-doubles with the Knicks last season and started 25 games.
Woodson said Lin would enter training camp as his starting point guard ahead of veteran Jason Kidd.
"Jeremy Lin has always been a big part of what we're trying to do as we move forward with our franchise," Woodson said from the Knicks' summer league workouts in Las Vegas.