• Get the Blackhawks Championship Package
    Get the Blackhawks Championship Package
  • Give the Gift of SI
    Give the Gift of SI
Posted: Friday July 13, 2012 11:40PM ; Updated: Friday July 13, 2012 11:50PM

Source: Lin signs Rockets' offer sheet, Knicks expected to match

Story Highlights

A person familiar with the negotiations said it's three years and about $25 million

Lin is a restricted free agent, and the Knicks have three days to match the offer

Lin was briefly in the Rockets' training camp before last season but was waived

Decrease font Decrease font
Enlarge font Enlarge font
Jeremy Lin
Jeremy Lin averaged 14.6 points and 6.2 assists per game last season.
Greg Nelson/SI
NBA Team Page

HOUSTON (AP) -- A person with direct knowledge of the move says Knicks guard Jeremy Lin has signed an offer sheet with the Houston Rockets.

The person spoke to The Associated Press on Friday night on condition of anonymity because the move was not announced.

Another person familiar with the negotiations says it's a three-year deal worth about $25 million. The person, who spoke on condition of anonymity because the terms had not been announced, says the third year is worth about $15 million.

Lin is a restricted free agent and New York is expected to match Houston's offer within the required three days.

Lin was briefly in Rockets training camp before the season began. Houston waived him because they had already had Kyle Lowry and Goran Dragic on their roster.

Earlier Friday, the Rockets waived Luis Scola via the amnesty clause.

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 
SI.com
Hot Topics: NBA Draft Yasiel Puig NHL Playoffs NBA Playoffs Mark Cuban Jabari Parker
TM & © 2014 Time Inc. A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you. Read our privacy guidelines, your California privacy rights, and ad choices.
SI CoverRead All ArticlesBuy Cover Reprint