Rockets Sign Jeremy Lin

HOUSTON – Houston Rockets General Manager Daryl Morey announced today that the team has signed guard Jeremy Lin after the New York Knicks chose not to match Houston’s offer sheet for the restricted free agent. Under the terms of the NBA’s Collective Bargaining Agreement, the Knicks had three days to match the offer from the Rockets.

“We are thrilled to have Jeremy back as part of the Rockets family," said Rockets Owner Leslie Alexander. “In his limited opportunity last season, Jeremy showed that he has all the skills to be a great player in this league for many years to come. In addition to being a great passer, he is also exceptional at driving to the rim and finishing plays. He also showed a poise well beyond his years by making winning plays at the end of numerous games last season. Jeremy is a winner on and off the court and we view him as an important part of our plan to build a championship contender.”

Lin (6-3, 200, Harvard) has averaged 9.2 points, 4.0 assists, 2.2 rebounds and 1.38 steals in 64 games (25 starts) with Golden State and New York. After being claimed by the Knicks off waivers on Dec. 27, 2011, Lin exploded onto the NBA landscape by averaging 18.2 points, 7.6 assists and 2.00 steals with seven double-doubles in 25 starts with New York. Lin actually became the first NBA player to record at least 20 points and seven assists in each of his first five NBA starts since Elias Sports Bureau began charting stats in 1970. Lin was also the first Knicks player since Michael Ray Richardson in 1980-1981 to record at least 20 points and seven assists in six straight games. Lin was named the Eastern Conference Player of the Week for games played Feb. 6-12, leading New York to a 4-0 record with averages of 27.3 points, 8.3 assists and 2.00 steals.

Lin, who was waived by Golden State on Dec. 9, 2011, was actually claimed off waivers by Houston on Dec. 12. He appeared in two preseason outings with the Rockets before being waived on Dec. 24, 2011. Lin had appeared in 29 games with the Warriors in 2010-11, averaging 2.6 points, 1.4 assists, 1.2 rebounds and 1.14 steals in 9.8 minutes per contest as a rookie. He also played in 20 games for the Reno Bighorns of the NBA D-League in 2010-11, averaging 18.0 points, 5.8 rebounds and 4.3 assists. The 6-3 guard was originally signed by Golden State as a free agent on July 21, 2010, after going undrafted in the 2010 NBA Draft out of Harvard.