Wrong. The Knicks told Lin to bring them the best offer he could get. He came back with Houston's offer, and the Knicks let everyone know they'd match. Then his agent went back to Houston and got a restructured deal for more money. That's when the Knicks got pissed and let him walk. Everyone was down to pay him until he got slick.
New York Knicks: What really happened with Jeremy Lin’s offer sheet?
Linsanity ended when Jeremy Lin signed a 'poison pill' offer sheet with the Rockets, which he claims he tried to avoid so he could stay with the Knicks.dailyknicks.com
What's foul is how Lin rearranging his contract has mostly been forgotten. This reddit thread has posters adding details for anyone who forgot or missed it when it actually happened.
THANK YOU....I've been folks this for YEARS. I remember that sh*t. Lin tried to get slick, and the Knicks told him to kick rocks