Restricted free agent point guard Jeremy Lin will make it official and sign his offer sheet with the Houston Rockets on Friday, according to Howard Beck of The New York Times. Lin and the Rockets agreed on the offer sheet last week when he visited Houston.
While Rockets general manager Daryl Morey was adamant on coming to terms with Lin, the Knicks have been just as determined to match any offers. The clock for matching the four year, $28.8 million offer from Houston will start on Friday, according to Beck:
Jeremy Lin will likely sign his $28.8 mil offer sheet w/Houston on Friday, I'm told. That will start 3-day clock for Knicks to match.— Howard Beck (@HowardBeckNYT) July 12, 2012
All indications are that the Knicks have already decided to match the offer, despite the potential luxury tax implications the backloaded contract may have on their salary cap situation in the future.