Intro:

New York Knicks guard Jeremy Lin has signed an offer sheet with the Houston Rockets in the NBA, according to a person with direct knowledge of the move.

The unnamed source spoke to The Associated Press on condition of anonymity on Friday night - as a deal has yet to be officially announced.

Script:

Jeremy Lin has signed an offer sheet with Houston, according to a person with direct knowledge of the move.

Another person familiar with the negotiations says it's a three-year deal worth about $25 million US dollars.

The unamed source says the third year is worth around $15 million US dollars.

Lin is a restricted free agent and New York is expected to match Houston's offer.

The six-foot, three-inch Lin was briefly in Rockets training camp before the season began.

Houston waived him because they had already had Kyle Lowry and Goran Dragic on their roster.

Lin became an overnight sensation during a remarkable run in February.