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Lakers acquire Jeremy Lin from Rockets

By Mike Bresnahan

Los Angeles Times (MCT)

LAST UPDATED: 02:06 p.m. HST, Jul 12, 2014

The Lakers have acquired point guard Jeremy Lin from the Houston Rockets, along with the Rockets' first-round draft pick next year, according to a person familiar with the situation. The Lakers will send cash and rights to undisclosed overseas player to the Rockets.

The Rockets were desperate to unload Lin to give them room to make a maximum-contract offer to free-agent forward Chris Bosh.

The Lakers have not officially been told they are out of the running for free-agent forward Carmelo Anthony and still have enough money to offer him close to a maximum contract if they renounce Ryan Kelly, Kent Bazemore and Kendall Marshall.

But then Pau Gasol would have to take a huge pay cut to $2.7 million to stay with the Lakers. He made $19.3 million last season. The $2.7 million is the so-called salary-cap "room exception."

Lin, who turns 26 next month, has one more year and $14.9 million remaining on his contract, though the cap number is actually $8.4 million because of a quirk in the NBA's collective bargaining agreement.

The Lakers can free up another $6 million by waiving Steve Nash and spreading his $9.7-million contract over the next three years. It was unclear if they would do that if they didn't get Anthony.

The Rockets' first-round pick is protected to some degree but the Lakers believe it will be theirs to use next June because the Rockets' record will be good enough to fall out of pick protection.

Lin fits the Lakers' bill for a player with a short deal, allowing them to keep financial flexibility heading into next summer, when Kevin Love or LaMarcus Aldridge could become free agents. The year after that, Kevin Durant could become a free agent.

Lin was uncomfortably thrust into the spotlight last week while the Rockets were courting Anthony.

Houston posted large electronic images of Anthony wearing a No. 7 Rockets jersey outside its arena when he visited. One problem: The number belonged to Lin.

Lin responded on Twitter by referring to a Bible verse: "Luke 6:29 -- If someone slaps you on one cheek, turn to them the other also. If someone takes your coat, do not withhold your shirt from them."

Yahoo Sports first reported that the Rockets and Lakers were finalizing the deal for Lin.

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gmedley wrote:
Bryant's first words to Lin: "Hey man- you'd better not take more than 6 shots a game buddy.....understand?" Lin: "Yes sir."
on July 11,2014 | 04:35PM
wiliki wrote:
Amazing that Lin is still playing because he was almost cut from the NY knicks. I'm sure he likes going back to the west coast. But is there much money in this deal. Doesn't seemn like it....
on July 11,2014 | 08:17PM
HonoluluHawaii wrote:
Doesn't seem like what?
on July 11,2014 | 10:36PM
mauiday wrote:
Lin's stats for 2013-2014: Field goal %: 44.6%. 3pt %: 35.8 %. Assist per game: 4.8. Shots per game: 9.3. FT%: 82.3%. Kobe stats for 2011-2012: Field goal %: 43%. 3pt %: 30.3%. Assist per game: 4.6. Shots per game: 23. FT %: 84.5%. Lin held his own. But it is Kobe's team and he is the alpha dog there. At the peak of Linsanity, Lin's uniform in NY was the number one seller and Knicks #1 in NBA merchandise sales. Madison Square Garden stock even went up. Lakers already have a wait list for ticket holders, but imagine if Lin does well in Laker's uniform and the Lakers start winning. Imagine if Linsanity is born again. The price of tickets may even go higher, and the merchandise will be flying off the shelves. All the Asian would like go to cheer their man Lin on and buy his stuff. And not only the Asians in American. Think China, Taiwan, Korea, Japan, Philippines, etc. Lin is the Great Asian Hope. Could be an OK basketball move by Lakers, but an even greater marketing move.
on July 11,2014 | 08:22PM
inHilo wrote:
Thanks for the stats. The story didn't do much but talk about salary concerns. What happened to sports stories that talked about the player's skills?
on July 12,2014 | 06:36AM
GorillaSmith wrote:
The 101st most important guard in basketball has just landed with arguably the NBA's least relevant franchise. Please explain how this could remotely be construed as news.
on July 11,2014 | 10:17PM
HonoluluHawaii wrote:
Many Laker fans in Hawaii, including me, and the obvious Asian Tie.
on July 11,2014 | 10:36PM
HonoluluHawaii wrote:
Too late, Bosh signed with Miami, although the Heat will fall back to the pack next season with LeBron back home in Cleveland.
on July 11,2014 | 10:35PM
roninsensei wrote:
Jeremy Lin is a Harvard grad. How many NBA players even graduated from college? Most end end broke and on the street after their careers are over.
on July 12,2014 | 09:12AM
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