Perhaps gone as quickly as it exploded onto the scene, the Linsanity era may be over in the Big Apple.

According to multiple reports Sunday, the New York Knicks have chosen not to match Houston's three-year, $25 million offer sheet for popular point guard Jeremy Lin, meaning the next time Lin takes the floor, it would be in a Rockets jersey.

When reached Sunday night by FOXSports.com, a Knicks team spokesman declined to comment on Lin's status with the team. The Knicks reportedly have until 11:59 p.m. ET Tuesday to officially decide whether to match Houston's offer, though some confusion on the deadline may exist because of the Rockets' troubles in delivering the offer sheet to the Knicks .

However, in addition to the various reports, New York's acquisition of former Knicks point guard Raymond Felton from the Portland Trail Blazers on Saturday seems to suggest that the team is ready to move on. The Knicks had also already signed veteran point guard Jason Kidd to a three-year deal earlier in the week.

The move comes as something of a surprise after the way Lin, an undrafted and largely unheralded Harvard grad, took New York by storm last season.

After playing sparingly as a rookie in Golden State and being cut twice during last preseason, Lin rose to prominence with the Knicks after averaging 25.0 points and 9.2 assists in what was supposed to be a stopgap role during his first nine games as a full-time player.

New York went 8-1 during that stretch, and Lin's overnight popularity, especially among the Asian community, led to a revival of the team's fan base.