View Photo Gallery: Jeremy Lin’s Broadway run could be up.

When New York Knicks Coach Mike Woodson said last week that Jeremy Lin would “absolutely” be back in the Big Apple next season, his heart was in the right place.

But he probably should have waited to see the offer the Houston Rockets made to the budding point guard before trying to assuage the concerns of the New York fan base.

After the Knicks traded for free agent point guard Raymond Felton over the weekend, Lin’s fate could already be sealed.

New York has until 11:59 p.m. ET Tuesday to match the Rockets’ blockbuster offer sheet for Lin. They’re still determining whether they can shell out the more than $25 million over three years they’d need to pony up to keep Lin in town, according to two team sources cited by ESPN’s Stephen A. Smith.

But at this point should the Knicks cut bait and move on?

Evidence of that possible decision is already up on the Knicks’ official team store Web site, where discovered searches for “Jeremy Lin” apparel come up empty.

Felton returns to New York where he experienced the best stretch of his career during 54 games in 2010-11. He joins fellow veteran acquisition Jason Kidd, 39, whom the Knicks introduced on Thursday.

Kidd expressed interest in mentoring Lin and the Knicks’ front office viewed him as a valuable asset in the development of the 23-year-old.

With Felton back in the Big Apple, the Knicks are preparing for life without Jeremy Lin. (Jim Mone/AP)

Now it looks like Lin will be taking it to another level in Texas, where he would join a rebuilding Rockets team that unloaded point guards Kyle Lowry (Toronto) and Goran Dragic (Phoenix) and forward Luis Scola (amnesty). Houston is still said to be pursuing a trade to land disgruntled Orlando Magic center Dwight Howard.

Houston’s reported offer for Lin is worth $5 million in the first year, $5.225 million in the second and $14.8 million in the third — a total that would subject New York to pay a luxury tax in the 2014-15 season should the Knicks match the offer.

“It’s not up to me. It’s up to the organization to say that they want to match that ridiculous contract,” Knicks forward Carmelo Anthony said Sunday. “I’d love to see him back, but I think he has to do what’s best for him right now.”

If the Knicks take the plunge and re-sign Lin, they would have to pay four players — Lin, Anthony, Amare Stoudemire and Tyson Chandler — a combined $75 million in 2014-15, according to an report. And that may simply be too much.

Should the Knicks match Houston’s offer? Or should they let him walk? Is Jeremy Lin worth that much money at this point in his career?

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