The Houston Rockets is finalizing a deal to send Jeremy Lin to the Lakers, league source tells Yahoo Sports.
— Adrian Wojnarowski (@WojYahooNBA) July 11, 2014
Per the report, Houston is also sending a first round pick to Los Angeles, with the Lakers sending cash and an overseas player to Houston to complete the trade. Ridding themselves of Lin’s contract will give the Rockets the necessary cap space to sign Chris Bosh. The Lakers are in need of depth at point guard after losing Jordan Farmar to the Clippers and aging Steve Nash as the only experienced PG under contract on the roster.
Last season, Lin averaged 12.5 points and 4.1 rebounds in a mostly reserve role for the Rockets. He is in the final year of a three-year, $25 million contract he signed with Houston in 2012 that will pay him close to $15 million for the 2014-2014 season.
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