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Lin accepts Houston deal, Kidd for NY
Source: Agencies |
July 7, 2012, Saturday
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JEREMY Lin, who took the NBA by storm with the New York Knicks last season, has accepted contractual terms offered by the Houston Rockets, a person with knowledge of the deal said on Thursday.
Lin can sign the offer sheet with Houston on July 11, and the Knicks will then have three days to match the offer.
The contract is worth US$10.2 million over the first two seasons and US$9.3 million in each of the last two years. The fourth season is a team option.
The person also said that the Rockets traded Kyle Lowry to Toronto on Thursday for a future first-round draft pick with lottery protection and forward Gary Forbes. Lowry averaged 14.3 points and 6.6 assists in 47 games for Houston last season.
The Rockets had Lin in training camp, but waived him because they had already had Lowry and Goran Dragic on their roster. Now that they've traded Lowry, and with Dragic headed to Phoenix, Houston is trying to get Lin back.
Lin was claimed by the Knicks after the Rockets let him go and soon became New York's starting point guard 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 torn knee cartilage. 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 February 10.
Meanwhile, NBA great Jason Kidd is leaving the Dallas Mavericks to sign with the New York Knicks.
Kidd's decision was a surprise in a dizzying span of point guard news. It was believed he would return to the Mavericks, especially after they missed out on Deron Williams.
But ESPN.com reported that anonymous sources said Kidd had decided instead to join the Knicks for a three-year deal worth about US$9 million.
The Knicks have been seeking veteran point guard help but lost out on Steve Nash a day earlier when Phoenix traded him to the Los Angeles Lakers.
Lin can sign the offer sheet with Houston on July 11, and the Knicks will then have three days to match the offer.
The contract is worth US$10.2 million over the first two seasons and US$9.3 million in each of the last two years. The fourth season is a team option.
The person also said that the Rockets traded Kyle Lowry to Toronto on Thursday for a future first-round draft pick with lottery protection and forward Gary Forbes. Lowry averaged 14.3 points and 6.6 assists in 47 games for Houston last season.
The Rockets had Lin in training camp, but waived him because they had already had Lowry and Goran Dragic on their roster. Now that they've traded Lowry, and with Dragic headed to Phoenix, Houston is trying to get Lin back.
Lin was claimed by the Knicks after the Rockets let him go and soon became New York's starting point guard 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 torn knee cartilage. 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 February 10.
Meanwhile, NBA great Jason Kidd is leaving the Dallas Mavericks to sign with the New York Knicks.
Kidd's decision was a surprise in a dizzying span of point guard news. It was believed he would return to the Mavericks, especially after they missed out on Deron Williams.
But ESPN.com reported that anonymous sources said Kidd had decided instead to join the Knicks for a three-year deal worth about US$9 million.
The Knicks have been seeking veteran point guard help but lost out on Steve Nash a day earlier when Phoenix traded him to the Los Angeles Lakers.
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