orangeleader.com (Orange, Texas)

Sports Zone

July 14, 2012

AP Source: Lin signs offer sheet with Rockets

HOUSTON — The Houston Rockets had Jeremy Lin in training camp last December. Now they want him back.

Lin has signed an offer sheet with Houston, according to a person with direct knowledge of the move. The person spoke to The Associated Press on Friday night on condition of anonymity because the agreement with the New York Knicks' restricted free agent point guard wasn't announced.

Another person familiar with the negotiations said it is a three-year deal worth about $25 million. The person, who spoke on condition of anonymity because the terms hadn't been announced, said the third year is worth about $15 million.

New York has three days to match Houston's offer, and coach Mike Woodson said this week that Lin would "absolutely" return. The Knicks signed 39-year-old Jason Kidd in free agency, and Kidd said he is looking forward to mentoring Lin, whom Woodson said will be the starter entering training camp.

The 6-foot-3 Lin was briefly in Rockets training camp before the season began. Houston waived him because the Rockets already had Kyle Lowry and Goran Dragic on their roster.

The Knicks claimed Lin off waivers, and he became an overnight sensation during a remarkable run in February. He averaged 14.6 points and 6.2 assists in 35 games before his season ended because of torn cartilage in his left knee.

Earlier Friday, the Rockets waived Luis Scola via the amnesty clause. The one-time use of amnesty allows Scola to leave without his remaining contract counting against the team's salary cap or luxury tax. Scola is due to make about $21 million over the next three seasons.

A fan favorite in Houston, the 6-foot-9 Scola averaged 14.5 points and 7.7 rebounds in five seasons with the Rockets. Scola grabbed 2,984 rebounds with the Rockets to rank ninth on the team's career list.

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