LAS VEGAS — Linsanity got his money, but it looks like it won’t be from the Knicks. In a stunning turn of events in the past 24 hours, the Knicks agreed to a sign-and-trade with the Trail Blazers to obtain former Knicks point guard Raymond Felton that all but ends the Jeremy Lin era prematurely and bitterly, according to league sources. Linsanity was fun while it lasted. One NBA source insisted the Knicks, with Felton’s addition, will not match Lin’s new, ramped-up $25 million offer sheet from the Rockets. The Knicks will have three days to reconsider amid a potential backlash. The Post reported on its back page Saturday the Knicks were furious the Rockets changed the offer sheet for Lin and upgraded it to a $25 million guarantee over three years, according to a source. The Knicks were bitter because they told Lin immediately the club would match the original offer and Lin apparently shared the information with the Rockets. Lin and Houston then plotted to redo it. Lin secretly flew into Las Vegas without informing the Knicks to renegotiate the contract and sign it. The Knicks had been set to match Lin’s original offer sheet of four years, $28.9 million that had a $19 million guarantee before the Rockets threw a financial curveball that called for a $15 million third year that would have doomed owner James Dolan’s luxury-tax predicament. If Lin made $14.9 million in 2014-15, the Knicks’ payroll could include eight players costing $87 million — or as much as $17 million over the luxury-tax threshold. Originally, the Rockets offer sheet was for $9.3 million in the third year.

Welp I guess Linsanity and selling jerseys to Asian people still ain’t enough to sign up for a $42 million luxury tax hit in 2014. I guess thats the dollar value of Linsanity, huh? If you had to purchase the Jeremy Lin Asian hype, how much would you pay? Apparently not 40 million. Apparently its not worth $87 million spread across 8 players, none of which are franchise studs. Can’t say I don’t disagree. I liked the kid and he showed some flashes of greatness and he does have a tremendous off the court presence – but he ain’t worth a $42 million hit. If I was an owner I don’t think I’d pony up for that either. What a shitshow. Another classic Knicks situation.

Pretty smart move on the Rockets part to fuck the Knicks. Actually end up committing less money and less years to a relatively unproven player while simultaneously almost guaranteeing your competition can’t match the offer. Only the Knicks could find themselves in a situation where a smaller offer from another team ends up fucking them out of their man.

More importantly I just literally cannot believe the Knicks have put themselves back in this predicament. Its not even really about Jeremy Lin. He ain’t the difference to win a title. Its just more about the fact that the Knicks have capped themselves out in atrocious fashion once again. Whats that saying about not learning from your mistakes and you’re doomed to repeat them and shit? Yea. That. Knicks should read that one.