Originally posted on Pro Sports Daily  |  Last updated 7/20/12
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 you follow the ...
Ios_download En_app_rgb_wo_45

Ronda Rousey issues warning: Call me fat and I'll kill you

What does Tevin Coleman’s return mean for Devonta Freeman?

Antonio Cromartie: Odell Beckham Jr. a ‘one hit wonder’

Thompson fires shots at Clippers: ‘Didn’t they lose to the Rockets?’

'Sell high' and 'buy low' fantasy candidates

Marshawn Lynch ruled out by Seahawks for Week 5


Howard says he played through torn MCL, meniscus in playoffs

Bills offensive progress stalled by injuries

Bruins’ Zac Rinaldo: Raffi Torres’ suspension 'really opened my eyes’

Cowboys’ Sean Lee cleared to play vs. Patriots after concussion battle

NHL Dept. of Player Safety inconsistent with discipline?

Tennessee desperate for big win over #19 Georgia

WATCH: Prince Fielder wipes out trying to climb over dugout railing

Dwight Howard, image & Houston's title chances

What’s wrong with Ohio State’s offense?

Weeden: ‘I don’t need a 12-yr-old telling me how to play’

Fan at Texas A&M game was so drunk, he reportedly told police he was at Baylor vs. Texas Tech

10 unheralded NFL players who will impact Week 5

Mallett’s dad: Criticism of QB makes his grandmothers cry

LSU has sold a disappointing amount of tickets for South Carolina game

Five potential upsets in NFL Week 5

Why the Carolina Panthers are the NFL's next super power

Six biggest matchups in Week 6 of the college football season

Dalton motivated by getting booed at celebrity softball game

Which undefeated college team has best résumé?

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!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
Get it now!
Ios_download En_app_rgb_wo_45

Dwight Howard, image & Houston's title chances

10 unheralded NFL players who will impact Week 5

Five potential upsets in NFL Week 5

Why the Carolina Panthers are the NFL's next super power

NHL Department of Player Safety inconsistent in disciplining players?

Explaining the silence on Thabo Sefolosha’s police brutality trial

Six biggest matchups in Week 6 of CFB

Joe Maddon's defensive calculus

Sepp Blatter appeals FIFA suspension

Looking at four NHL goaltenders who debuted for new teams

Today's Best Stuff
For Publishers
Company Info
Follow Yardbarker