The Rockets have come to terms with Jeremy Lin on an offer sheet. Specific terms of the deal have not been released. As of July 11th, the Knicks will have 3 days to match offer.
New York Knicks restricted free agent point guard Jeremy Lin will visit the Houston Rockets on Wednesday, according to ESPN.
The report indicates that Houston can make a 4-year, $40 million contract offer to Lin where the final 2 years would be worth $15 million per season.
Ironically, the Rockets had waived Lin at the end of training camp in December to make room on the roster for Samuel Dalembert. He subsequently joined the Knicks and became an instant phenomenon, averaging 14.6 points and 6.4 assists in 35 contests last season.
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I'm sorry, that deserves its own thread.