Lin-sanity could be bound for Houston next season, because guard Jeremy Lin has verbally agreed to sign a four-year offer sheet with the Rockets, a source tells ESPN.
The four-year deal is reportedly worth $10.2 million over the first two seasons and $9.3 million in each of the last two years, with the fourth being a team option. While’s its more than the Knicks could originally offer — NYC can offer a four-year contract worth $24.5 million — they have the ability to match the offer to keep Lin on New York.
The Knicks will have three days to match the Rockets’ offer after Lin signs on July 11.
ESPN reporters say the Knicks have every intention of matching the offer, especially after signing Jason Kidd as a back-up, but it’s still up in the air until next week.
The Rockets originally had Lin in training camp last season, but waived him because guards Kyle Lowry and Goran Dragic were on their roster. After trading Lowry to Toronto this week, and with Dragic headed to Phoenix, Houston is in desperate need of a point guard and hope Lin is him.
The 23-year-old — who went undrafted out of Harvard — became a sensation last season, due to a remarkable stretch in February where he scored at least 20 points in nine of 10 games. In one game during the streak, he scored 38 points with seven assists in a 92-85 win over the Lakers on February 10th.
Lin averaged 14.6 points, 6.2 assists and 3.1 rebounds in 35 games with 25 starts last season, before going down because of surgery to repair torn cartilage in his knee.
The Rockets hope to capitalize on Lin’s marketability in Asia. The franchise is already popular there, because of the career of former star Yao Ming, who retired in 2011. Lin’s addition could add to their appeal there as the first American-born player of Chinese or Taiwanese decent.