(NEW YORK) -- Point guard Jeremy Lin has agreed to sign a four-year offer sheet with the Houston Rockets, a person familiar with the negotiations told USA Today Sports.
The deal is said to be worth $29 million with Lin making $10.2 million combined for the first two seasons and $9.3 million for each of the final two. The fourth season is a team option.
The New York Knicks have until July 11 to match the offer.
In 35 games with the Knicks last season, the 23-year-old Lin averaged 14.6 points and 6.1 assists.
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