Jeremy Lin could be headed to the Houston Rockets, but is likely going to be a New York Knick. Regardless of how much the Knicks have to pony up and how much it might eventually cost them in the luxury tax, they're willing to go all the way to ensure Linsanity remains their player.
Houston has agreed to terms with Jeremy Lin on an offer sheet, source tells Y!— Adrian Wojnarowski (@WojYahooNBA) July 5, 2012
Terms are immediately unknown on Lin offer sheet, but plan has been to backload money in deal. New York has vowed to match any offer.— Adrian Wojnarowski (@WojYahooNBA) July 5, 2012
Lin offer sheet will be a three year deal, with team option for the fourth, league source tells Y!— Adrian Wojnarowski (@WojYahooNBA) July 5, 2012
Source with knowledge of Knicks' thinking: "They will match any offer on Lin up to 1 billion dollars"— Marc Stein (@ESPNSteinLine) July 5, 2012
As you would expect, the big winner from this situation is Lin. He's going to get paid huge money by either the Rockets or the Knicks, and his financial status is all but secure.
Lin averaged 14.6 points per game and 6.2 assists per game with the Knicks in 35 games of action before injuring his meniscus and sitting out the rest of the season. Lin figures to either be the starter in Houston or split time with Aaron Brooks, while in New York he'd probably split time with Jason Kidd as he continues his development into a potential NBA starter down the line.
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