Jeremy Lin Verbally Agrees to Houston Rockets

Jeremy Lin

Jeremy Lin

As of July 6, last season’s NBA sensation Jeremy Lin has verbally agreed to sign a four year offer sheet with the Houston Rockets. The New York Knicks have until July 11th to make a counteroffer.

You can see the 2012-2013 Houston Rockets Schedule or the New York Knicks Schedule.

The purported deal is said to be approximately worth $28.8 million. Of that 28.8 million, 10.2 million would come in Lin’s first two seasons with the Rockets, and over $9 million in each of the last two years of the deal.

Lin, a restricted free agent, can still be retained by the New York Knicks if they decide to match Houston’s offer. Likewise, the Knicks have been adamant that they intend to do everything they can to keep the star player.

A source within the league stated that the Rockets intended to offer Lin a back worthy deal worth roughly $30 million. Currently, it is estimated that the best deal the Knicks can offer Lin is a four year contract worth $24.5 million.

Ironically, the Rockets had Lin in their own training camp last season, but waived him due to roster space. Now Houston is doing everything within their powers to get him back.

Lin, who was undrafted out of Harvard, averaged 14.6 points, 6.2 assists and 3.1 rebounds in 35 games with 25 starts last season for the Knicks.

The Houston Rockets already are extremely popular in Asia due to the playing career of their former star Yao Ming, who retired in 2011. Jeremy Lin could certainly add to their appeal in the region as the first American-born player of Chinese or Taiwanese decent.

About Chris Cabrera

Chris Cabrera is the CDO and CCO of Barry's Ticket Service and has been with Barry's Tickets since the very start of the company back in 1985. Chris has been to 7 Super Bowl, 3 Stanley Cup Championships, 2 World Series and 4 Lakers NBA Championship Games.