It took a long time, but the Houston Rockets finally did it! They finally got a big name during the summer free agent period.
Houston signed former New York Knicks guard Jeremy Lin to a three-year, $25.1 million offer sheet, taking Lin off of the restricted free-agent list.
However, now that the Rockets have him, is Jeremy really the right match? New York waited until the last minute to decide what they were going to do. They signed former Dallas Mavericks guard Jason Kidd and brought back Raymond Felton.
Initial reports had the Rockets offering Lin a four-year deal worth $28 million. That deal included salaries of more than $9 million in each of the last two years, which would have been a big hit on the Knicks cap. And for a while, the Knicks organization seemed intent on matching the Rockets offer sheet.
If New York would have signed Jeremy Lin, then they would have had $75 million tied up in four players- Amare Stoudemire, Carmelo Anthony, Tyson Chandler, and an undisclosed player in 2014-15.
Houston had a verbal agreement with Lin before the team emerged as a serious suitor for Dwight Howard. The Rockets used the amnesty clause on forward Luis Scola, but the Lin offer sheet and an identical offer to Bulls center Omer Asik complicated the financial details of any trade with the Orlando Magic.