POSTED: 5:56 p.m. HST, Jul 5, 2012
HOUSTON >> A person with knowledge of the deal said today that New York Knicks restricted free-agent guard Jeremy Lin and the Houston Rockets have agreed to terms on a four-year contract offer.
The person told The Associated Press on condition of anonymity because the team hadn’t officially announced the deal.
Lin can sign the offer sheet with Houston on July 11, and the Knicks will then have three days to match the offer. The Knicks have repeatedly said that they plan to keep Lin.
The contract 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.
Lin became New York’s starting point guard last season and “Linsanity” ensued.
He averaged 14.6 points, 6.2 assists and 3.1 rebounds in 35 games with 25 starts before his season was cut short because of surgery to repair torn cartilage in his knee.
Lin, who went undrafted out of Harvard, became a sensation with a remarkable stretch in February where he scored at least 20 points in nine of 10 games. A high point of that span came when he scored 38 points with seven assists in a 92-85 win over the Lakers on Feb. 10.
The Rockets are already popular in Asia because of the career of former star Yao Ming, who retired in 2011. With Yao’s retirement, Lin could add to their appeal there as the first American-born player of Chinese or Taiwanese decent.