What's Up With Jeremy LIn After Knicks Trade For Raymond Felton, Lose Landry Fields & Jared Jeffries?

New York Knicks fans have been left asking what the plan is for Jeremy Lin after the team signed point guard Raymond Felton and jettisoned Landry Fields in a major day of deals Saturday.

The Knicks announced Saturday night that they have finalized and agreed to a sign-and-trade deal with the Portland Trail Blazers in which they give up forward Jared Jeffries and center Dan Gadzuric, while gaining point guard Raymond Felton and Kurt Thomas, NBA sources told ESPN.

The Blazers will also get a 2016 second-round draft pick and the rights to two European players out of the swap, according to USA Today, which reported that Felton will get $10 million for three years under his deal with the Knicks.

The trade for Raymond Felton raises questions about what the Knicks plan to do with Jeremy Lin, their rising young point guard and the guy behind Linsanity, the craze that swept through New York last spring as Lin scored 20 points or more in 9 out of 10 games during a record-breaking stretch before sustaining a season-ending injury.

Felton played 54 games for New York during the 2010-11 season before being traded to the Denver Nuggets under the deal that brought Carmelo Anthony to the Knicks.

Felton is the second high-profile point guard the Knicks have hired this off-season, after they dealt for Jason Kidd -- one of the best NBA floor generals of all time, but now an aging legend -- earlier this month.

As such, rumors are flying about Jeremy Lin's future. Lin signed a big-dollar offer sheet with the Houston Rockets earlier this week. which the Knicks have said they would match even if it was for a billion dollar, according to a source who spoke with ESPN.

According to the sports website, a source said the Knicks officially got the Lin offer sheet on Saturday, giving them until 11:59 p.m. ET Tuesday to either match the Rockets' offer or allow Lin to go to Houston.

The Rockets offered Lin a three-year deal broken down as follows: $5 million in the first year, $5.225 million in the second and $14.8 million in the third, according to ESPN.

A source with ties to Jeremy Lin told ESPNNewYork.com that the acquisition of Felton by the Knicks surprised Lin.

He was very surprised, the source told the site. He felt the whole time that the Knicks would just match the offer.

Add Knicks head coach Mike Woodson to the list of people who may be shocked if Lin doesn't end up in a Knicks uniform next season, as he said earlier this week that Lin would be back next season as the team's starting point guard.

But wait, there's even more drama at Madison Square Garden, as the Knicks also announced Saturday night that they will not match a nearly $20 million offer sheet the Toronto Raptors' offered Landry Fields, meaning he will go to Toronto.

I want to thank ALL the Knick fans out there for their support over the past two years! Landry Fields tweeted after the announcement. Much love and respect, you will be missed.