GREENBURGH, N.Y. -- The Knicks' decision to let Jeremy Lin sign with the Rockets seemed to be a matter of dollars and sense.
"Basically, it comes down to the fact that Houston made a commitment to him that we weren't prepared to make," general manager Glen Grunwald said Monday.
This was the first time Knicks officials addressed why they didn't match Houston's revamped three-year, $25.1-million offer for Lin that included $14.9 million in the third year.
The Rockets initially offered Lin a four-year, $28.8-million contract and the fourth year was a $9.3-million team option. Knicks coach Mike Woodson said at the time the Knicks would match that. But the new offer, which could have cost an additional $28.5 million in luxury tax in the third year, apparently was too rich.
Felton, in his second stint with the Knicks, is coming off a subpar season in Portland. He said he wasn't in shape last season because he thought the lockout was going to last all year. Felton said he's in better shape now with a different mentality.
"I'm in shape now, ready to go and I've got a big, big chip on my shoulder," Felton said. "So I look forward to this season and I'm definitely happy to be back in this New York Knicks jersey."
Rasheed Wallace hasn't signed yet, but Grunwald and Woodson sounded confident he would . . . Ronnie Brewer (left knee surgery) said he's "about 2 1/2, three weeks away" and believes he'll be ready for opening night Nov. 1 . . . Iman Shumpert (left ACL knee surgery) said he remains on target to return "between December and February."