Originally written on Pro Sports Daily  |  Last updated 10/16/14
New York Knicks officials and the casual fan may have had trouble gauging Jeremy Lin's value to the Knicks, but the stock market makes it pretty clear Lin was quite an asset. Since the Knicks declined to match the Rockets offer sheet, letting Lin go to Houston, Madison Square Garden stock has dropped $93 million, according to CNBC sports business reporter Darren Rovell. The rise and fall of MSG's stock has closely followed the rise and fall of Linsanity. When Lin made his first start for the Knicks Feb. 6, MSG shares traded at $29.49. On July 5, the stock had risen more than 30 percent up to $38.80. Since then, as reports that Lin might leave the Knicks increased, shares have dropped to $35.50, an 8.5 percent fall. Because of the luxury tax the Knicks would have had to pay in the third year of Lin's contract if they decided to match the Rockets' offer, it was estimated the Knicks would have had to pay $50 million to retain Lin. That seems like a lot, until...
MORE FROM YARDBARKER

Peyton Manning sets NFL touchdown passing record

Report: CJ Spiller suffers broken collarbone

DeMarco Murray sets record with another 100-yard game

Report: Things got 'ugly' in Bears' locker room after loss

Redskins bench Kirk Cousins for Colt McCoy

Rams beat Seahawks thanks to gutsy fake punt call

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Brian Kelly unloads on officials for pass interference call

Brett Favre: I got calls about playing last season

Joseph Randle partners with underwear company after arrest

Report: Seahawks asked about Julius Thomas, Jordan Cameron

Florida fans chant for Will Muschamp to be fired

Gennady Golovkin scores second-round knockout win

10 takeaways from NFL Week 7

Video: Alec Burks breaks Kobe Bryant's ankles

WATCH: Sean Payton has tense exchange with reporter

Darnell Dockett mocks Raiders fans with whiteboard

WATCH: Tony Romo nearly runs over Alex Rodriguez

WATCH: Prince Amukamara pulls Dwayne Harris' hair

What was the meaning behind Doug Baldwin's TD celebration?

Luke Kuechly ejected after questionable call

WATCH: Giovanni Bernard gets leveled by Vontae Davis

WATCH: Rams run awesome trick play for punt return TD

Kyle Orton shaves his epic mustache

Florida State beats Notre Dame 31-27 in thriller

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

Favre: I got calls about playing last season

10 takeaways from NFL Week 7

Report: Marshall calls out Jay Cutler

Darnell Dockett mocks Raiders fans

Brian Kelly unloads on officials

WATCH: Rams run punt return trick play for TD

Joseph Randle now an underwear spokesman?

Ex-Trojans RB escorted out after USC game

FSU tops Notre Dame in thriller

Fans chant for Muschamp's head

Popovich zings Suns owner

Golden Tate reacts to Percy Harvin trade

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.