The Houston Rockets and restricted free-agent Jeremy Lin have agreed on an offer sheet for four years worth $30 million. The two sides will sign the contract on July 11, and the New York Knicks will have three days to match the offer.
The Knicks were always expected to match any offer for Lin, as they do not want him to go anywhere else. The front-office already agreed on a contract with Jason Kidd, but it still wants Lin to be its starter. Although Lin is a nice piece to the roster, his main asset is his marketability and the Knicks cannot lose out on that potential money.
NBA.com: The Knicks will have three days to match the offer for the restricted free agent, and they have repeatedly said they plan to keep Lin, who became a breakout star when he took over the starting point guard role in February.
Lin did not play well with Carmelo Anthony and Amar’e Stoudemire on the floor, so it will be interesting to see if he will make any adjustments. Lin is a fan-favorite in New York City and expect to see “Linsanity” return to Madison Square Garden next season.