Jeremy Lin has verbally agreed to sign a four-year offer sheet with the Houston Rockets on July 11, according to a source close to the talks. The four-year deal is worth $10.2 million over the first two seasons and $9.3 million in each of the last two years. The fourth season is a team option.
“Jeremy Lin’s an excellent player,” Rockets general manager Daryl Morey told the Post. “We got to know him firsthand when he was with the Rockets early this season. We think he’d make a fantastic addition to our team.”
The Knicks would have three days to match the offer after Lin, a restricted free agent, signs it July 11. The Knicks can offer Lin, a restricted free agent, a four-year deal worth $24.5 million.