The Los Angeles Lakers acquired point guard Jeremy Lin from the Houston Rockets, along with a future first-round draft pick Friday, in exchange for cash and rights to overseas players.
The move clears salary cap space for the Rockets to use on free agency. Their main target, center Chris Bosh, who they had offered a max-contract deal, re-signed with the Miami Heat Friday.
Lin, 25, is scheduled to make $8.37 million this upcoming season, the final year of a three-year contract.
Rockets’ restricted free agent small forward Chandler Parsons received a 3-yr/$46 million offer sheet from the Dallas Mavericks, which the Rockets have until the end of the day Sunday to match. The Rockets are believed to have intended on matching the offer to Parsons, after signing Bosh, but with Bosh no longer available, the team’s plans moving forward are unclear.
Lin, who went undrafted out of Harvard, rose to NBA notoriety in 2011-12 when he aided in the resurrection of a sub-.500 New York Knicks team, while averaging 14.6 points per game and collecting 7 double-doubles in 35 games.
In 2013-14 Lin appeared in 71 games for the Rockets, averaging 12.5 points per game, 4.1 assists, and 2.6 rebounds.