If the Rockets are going to be in the mix to land free agent Carmelo Anthony, their best chance would likely be a sign-and-trade deal with the Knicks that would send Jeremy Lin back to Madison Square Garden, the birthplace of “Linsanity.”
Though Houston could likely not clear out enough salary cap space to offer Anthony the $95.9 million over four years — including $22.5 million in the first year — that is the maximum allowed by NBA rules, they could get significantly closer by sending Lin and Omer Asik to New York.
After Dwight Howard and James Harden, Lin and Asik are scheduled to be the highest-paid players on the Rockets. Both have contracts worth $15 million next season, though counting just $8.3 million against the NBA salary cap.
With Anthony opting out of his contract with the Knicks, Chicago, Houston, Miami and Dallas have most frequently been mentioned as landing spots for the veteran forward who says he wants to play for a contender.
Though Rockets general manager Daryl Morey failed to trade Asik at a self-imposed deadline last December, in part because of the “poison pill” final year provision in his contract, the team now believes it would be easier trade both the Turkish big man and Lin, perhaps even to the Knicks. Since Lin and Asik are both entering the final year of their contracts, the Knicks would still be able to clear them off their roster and have plenty space under the salary cap to pursue big name free agents in the summer of 2015.