Jeremy Lin and the Houston Rockets have reached an agreement on a 4-year offer sheet, according to Adrian Wojnarowski of Yahoo! Sports.
Lin will be able to sign it officially on July 11 then the Knicks will have three days to match. The deal is worth $10.2 million over the first two seasons and $9.3 million in the third and fourth year with the final year being a team option.
The Knicks can offer Lin a 4-year, $24.5 million deal.
Jason Kidd surprisingly chose the Knicks over the Dallas Mavericks. Kidd was rumored to be close to re-signing with Dallas and was earlier rumored to plan to follow Deron Williams wherever he signed.
Kidd’s deal with New York will be a 3-year, $9 million deal.
Every indication is that the Knicks will match the offer sheet for Lin and team up the two point guards. A lack of a point guard was a glaring hole in the Knicks’ roster during the playoffs. Carmelo Anthony turned into an isolation machine playing right into the hands of the Miami Heat defense.
Kidd and Lin should be able to help with that, especially Kidd who has the right personality to control things on offense even next to a superstar like Anthony.
The Minnesota Timberwolves made a few big signings last night.
Brandon Roy has come out of retirement and agreed to a 2-year, $10.4 million deal with the T-Wolves. Minnesota also signed another former Blazer in Nicolas Batum to a 4-year, $45 million offer sheet although Portland reportedly plans to match any offer for Batum.
The Timberwolves clearly are looking to strengthen their wing positions to surround Ricky Rubio and Kevin Love with better guys. Minnesota also traded for Chase Budinger before the NBA Draft.
Trade talks between the Los Angeles Lakers and Orlando Magic for Dwight Howard have lessened. The Lakers after trading for Steve Nash now intend to keep their core of Nash, Kobe Bryant, Pau Gasol and Andrew Bynum.
Bynum was involved in trade rumors that would send him to Orlando in a deal for Howard but the Magic have not shown a lot of interest in any deal presented to them this offseason.
The Brooklyn Nets are still trying to work on a deal to get Howard although they’re chances of landing them seem increasingly less.
Ray Allen has narrowed down his decision of where he wants to play to the Miami Heat and Boston Celtics. The Los Angeles Clippers were thought to be int he running yesterday before signing Jamal Crawford and Chauncey Billups.
The Heat appear to be the frontrunner although only able to offer Allen $3.09 per year while Boston has offered Allen a 2-year, $12 million deal.
Tags: Andrew Bynum Brandon Roy Brooklyn Nets Dwight Howard Houston Rockets Jason Kidd Jeremy Lin Los Angeles Clippers Los Angeles Lakers Minnesota Timberwolves NBA Free Agency New York Knicks Nicolas Batum Orlando Magic Portland Trailblazers Trade