Jeremy Lin and the Houston Rockets have agreed to terms on an offer sheet according to multiple NBA reporter Twitter accounts. According to Adrian Wojnarowski of Yahoo!, the deal will be a backloaded, three-year contract with a team option for a fourth year. TNT’s David Aldridge says the deal is worth $30 million. Sports Illustrated’s Sam Amick says the deal is “not 30 million,” but doesn’t say if it’s more or less.
Update: Woj has the contract as “$5M in year one, $5.2M in year two and $9.3M in years three” and four. That equals $28.8 million if you were curious.
The Knicks were planning on matching any offer sheet Lin signs with another team, but since they just picked up Jason Kidd, I’m not sure why they need to now. For the Rockets, they kind of need the Knicks to let Lin go. Over the last few days they’ve traded and missed out on anyone who isn’t a swingman. A point guard could really help Daryl “Dork Elvis” Morey look like he knows what he’s doing again.