Are basketball fans in Texas ready for Linsanity? Are those in the Big Apple ready to lose it?

According to Adrian Wojnarowski of Yahoo!, the Houston Rockets have made a multi-year offer to restricted free agent Jeremy Lin. The New York Knicks can match Houston's offer (and any other team's) to keep the point guard who took the league and New York by storm last season.

But will they? Various reports say the Knicks are poised to match any offer for Lin. However, Wojnarowski tweeted that the Rockets' offer includes back-loaded money which could make match the deal quite unpalatable for executives at the Garden.

Houston tried retaining backup point guard Goran Dragic by offering a deal that would pay him $8 million a year. But after after Kobe Bryant and the Lakers swooped and acquired two-time MVP Steve Nash in a sign-and-trade, the Suns pounced on Dragic and signed him to a four-year deal.

New York was said to be the frontrunners in the Nash sweepstakes earlier on Wednesday, but Nash chose L.A. to be closer to his family. Now that the Knicks have lost out on one point guard, will they pull out all the stops to keep Lin?

UPDATE 8:39 p.m. EST: The Rockets and Lin have agreed to terms on an offer sheet, as was initially reported by Jonathan Feigen of the Houston Chronicle and Adrian Wojnarowski of Yahoo! Sports.


Alex Kennedy
Jeremy Lin and the Houston Rockets have agreed to a four-year, $30 million offer sheet. Lin will sign on July 11. New York Knicks can match.

As Lin is a restricted free agent, the Knicks have the right to match the deal. According to multiple reports, the Knicks do intend to do so, pairing Lin with Jason Kidd, who has reportedly agreed to come to New York by way of a separate deal.


Alex Kennedy
The New York Knicks are expected to match the four-year, $30 million offer sheet that Jeremy Lin will sign with the Houston Rockets.

PREVIOUSLY FROM THE ASSOCIATED PRESS:

NEW YORK (AP) — Jeremy Lin will visit the Houston Rockets on Wednesday, two people with knowledge of the plans said, and the New York Knicks restricted free agent is expected to get a contract offer.


The Rockets waived Lin last December and he was claimed by the Knicks, turning into a breakout star when he landed the starting point guard job. Now with Goran Dragic not expected to return, Houston may want Lin back.


One of the people told The Associated Press on Tuesday the Rockets are planning to make Lin a multiyear offer, though the Knicks can match it and have said they intend to keep him. The people spoke on condition of anonymity because the negotiations were to remain private.


The Rockets liked Lin, but had Kyle Lowry and Dragic ahead of him and needed to open a spot so they could add Samuel Dalembert to the roster. So they waived Lin, a decision general manager Daryl Morey would later write on Twitter that he regretted during Lin's sensational February stretch that made him the biggest story in the NBA.


The undrafted guard from Harvard, the NBA's first American-born player of Chinese or Taiwanese decent, would fit nicely with the Rockets, who remain popular in Asia even after former center Yao Ming's retirement.


But both coach Mike Woodson and general manager Glen Grunwald have said the Knicks planned to keep Lin, who averaged 14.6 points and 6.2 assists in 35 games, 25 starts, before his season ended because of surgery to repair torn knee cartilage.


The Knicks may have to match two offers to keep their starting backcourt intact. Landry Fields plans to sign an offer sheet with the Toronto Raptors that his agency said is worth about $20 million over three years.


The Knicks are looking for veteran point guard help, hoping to land Steve Nash, but they don't want to lose Lin, whose popularity made them fans around the world and had merchandise flying off the shelves at Madison Square Garden. They scored their highest TV ratings in years during the height of "Linsanity."


Deals can't be signed until July 11. The Knicks would then have three days to match.


___


AP Sports Writer Chris Duncan contributed to this report.


Also on HuffPost:

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  • Palo Alto guard Jeremy Lin, center, celebrates with teammates Steven Brown, left, Cooper Miller, and Brian Karvaries, right, after Palo Alto beat Mater Dei of Santa Ana in the boys' Division II CIF state basketball championship game in Sacramento, Calif., on Friday, March 17, 2006. Palo Alto won 51-47. (AP Photo/Steve Yeater)

  • Mater Dei of Santa Ana's Kamyron Brown, center, tries to drive between Palo Alto's Jeremy Lin, left, and Kheaton Scott during the third quarter of the boys' Division II CIF state basketball championship game in Sacramento, Calif., Friday, March 17, 2006. Palo Alto defeated Mater Dei 51-47. (AP Photo/Rich Pedroncelli)

  • Palo Alto guard Jeremy Lin, right, runs into Mater Dei of Santa Ana defender Alex Jacobson while driving to the basket during the second half of the boys' Division II CIF state basketball championship game in Sacramento, Calif., on Friday, March 17, 2006. Palo Alto won 51-47. (AP Photo/Steve Yeater)

  • Stanford's Anthony Goods (4) drives against Harvard's Jeremy Lin in the first half of a basketball game Friday, Nov. 9, 2007, in Stanford, Calif. (AP Photo/Ben Margot)

  • UC Santa Barbara's Alex Harris (12) drives against Harvard's Jeremy Lin (11) in the first half of a basketball game Saturday, Nov. 10, 2007, in Stanford, Calif. (AP Photo/Ben Margot)

  • Harvard's Jeremy Lin (11) keeps the ball away from Michigan's Manny Harris (3) in the second half of a basketball game Saturday, Dec. 1, 2007, in Boston. Harvard won 62-51. (AP Photo/Michael Dwyer)

  • Harvard's Jeremy Lin, left, takes a shot against Michigan's DeShawn Sims (34) in the second half of a basketball game, Saturday, Dec. 1, 2007, in Boston. Harvard won 62-51. (AP Photo/Michael Dwyer)

  • In this Jan. 7, 2009, file photo, Harvard's Jeremy Lin (4) drives for the basket in front of Boston College's Rakim Sanders during the first half of an NCAA college basketball game in Boston.

  • Harvard's Jeremy Lin, left, drives past Connecticut's Gavin Edwards during the second half of Connecticut's 79-73 victory in their NCAA college basketball game in Storrs, Conn., on Sunday, Dec. 6, 2009. Lin scored a game-high 30 points with nine rebounds and Edwards scored 12 points with five rebounds. (AP Photo/Fred Beckham)

  • Connecticut's Jerome Dyson, right, has his shot blocked by Harvard's Jeremy Lin during the second half of Connecticut's 79-73 victory in their NCAA college basketball game in Storrs, Conn., on Sunday, Dec. 6, 2009. Lin scored a game-high 30 points with nine rebound and Dyson scored a team-high 24 points with 14 rebounds. (AP Photo/Fred Beckham)

  • In this Dec. 9, 2009, file photo, Harvard's Jeremy Lin (4) drives by Boston College's Biko Paris, left, during the first half of an NCAA basketball game in Boston.

  • Harvard's Jeremy Lin, right, dives for the ball as Boston College's Corey Raji (11) tries to control it during the second half of an NCAA basketball game in Boston, Wednesday, Dec. 9, 2009. Harvard won 74-67. (AP Photo/Elise Amendola)

  • Georgetown's Austin Freeman (15) shoots the ball against Harvard's Jeremy Lin (4) and Christian Webster (1) during the second half of an NCAA college basketball game, Wednesday, Dec. 23, 2009, in Washington. Georgetown won 86-70.(AP Photo/Nick Wass)

  • Georgetown's Chris Wright, left, battles for the ball with Harvard's Jeremy Lin, right, during the first half of an NCAA college basketball game, Wednesday, Dec. 23, 2009, in Washington. (AP Photo/Nick Wass)

  • Harvard's Jeremy Lin (4) goes to the basket as Georgetown's Greg Monroe (10) defends during the first half of an NCAA college basketball game, Wednesday, Dec. 23, 2009, in Washington.

  • Dallas Mavericks' Jeremy Lin wipes his face during an NBA Summer League basketball game against Milwaukee Bucks' in Las Vegas on Monday, July 12, 2010.

  • Dallas Mavericks' Jeremy Lin, shoots a free throw during an NBA Summer League basketball game against the Milwaukee Bucks in Las Vegas on Monday, July 12, 2010. (AP Photo/Laura Rauch)

  • Dallas Mavericks' Jeremy Lin tries to shoot over Milwaukee Bucks' Dominic James as Milwaukee's DeMarcus Nelson, left, looks on during an NBA summer league basketball game in Las Vegas on Monday, July 12, 2010.

  • New Golden State Warriors guard Jeremy Lin poses with his parents, Gie-ming, right, and Shirley, left, during a news conference at the NBA basketball team's headquarters in Oakland, Calif., Wednesday, July 21, 2010. Lin was an undrafted free agent from Harvard, and is a Bay Area native.

  • New Golden State Warriors guard Jeremy Lin spins a basketball during a news conference at the NBA basketball team's headquarters in Oakland, Calif., Wednesday, July 21, 2010. Lin was an undrafted free agent from Harvard.

  • NBA player of the Golden State Warriors, Jeremy Lin spins a basket ball during a press conference, Wednesday, July 28, 2010, in Taipei, Taiwan.

  • Golden State Warriors' Reggie Williams, left, interviews teammate Jeremy Lin during the NBA basketball team's media day in Oakland, Calif., Monday, Sept. 27, 2010.

  • Golden State Warriors' Jeremy Lin, left, looks to pass away from Portland Trail Blazers' Raymond Sykes (25) during the first half of a preseason NBA basketball game Monday, Oct. 18, 2010, in Oakland, Calif.

  • Golden State Warriors point guard Jeremy Lin (7) against the Los Angeles Clippers in an NBA basketball game in Oakland, Calif., Friday, Oct. 29, 2010. (AP Photo/Jeff Chiu)

  • Golden State Warriors center David Lee (10), right, jokes with point guard Jeremy Lin (7) as Lin replaces Lee in the fourth quarter of an NBA basketball game against the Los Angeles Clippers in Oakland, Calif., Friday, Oct. 29, 2010.

  • Los Angeles Lakers power forward Lamar Odom (7) left, and Golden State Warriors point guard Jeremy Lin (7) battle for the ball during the second half of an NBA basketball game in Los Angeles , Sunday, October 31, 2010. The Lakers won 107 to 83.

  • Denver Nuggets point guard Anthony Carter (25) guards Golden State Warriors point guard Jeremy Lin (7) in the fourth quarter of an NBA basketball game in Oakland, Calif., Monday, Nov. 22, 2010. Denver Nuggets defeated the Golden State Warriors 106-89.

  • Golden State Warriors point guard Jeremy Lin (7) watches the Warriors lose to the Denver Nuggets in an NBA basketball game in Oakland, Calif., Monday, Nov. 22, 2010. Denver Nuggets defeated the Golden State Warriors 106-89.

  • Golden State Warriors point guard Jeremy Lin (7) against the Sacramento Kings in an NBA basketball game in Oakland, Calif., Sunday, April 10, 2011. The Kings won 104-103.

  • Golden State Warriors point guard Jeremy Lin against the Denver Nuggets in an NBA basketball game in Oakland, Calif., Wednesday, Feb. 9, 2011.

  • Jerry West, right, shakes hands with Golden State Warriors guard Jeremy Lin, left, as Warriors center Ekpe Udoh looks on, before being introduced as a new member of the basketball club's Executive Board, in San Francisco, Tuesday, May 24, 2011. West, 72, will assist the Warriors' ownership group and represent the organization in a wide variety of team-related functions in his role with the club. The position will encompass various areas and responsibilities, ranging from basketball operations to business, sponsorship and marketing endeavors.

  • Golden State Warriors' Stephen Curry, center, has the ball stripped by Jeremy Lin, left, and David Lee during a voluntary basketball practice session, Wednesday, Dec. 7, 2011, in Oakland, Calif.

  • Houston Rockets Media Day

    Houston Rockets' Jeremy Lin during their NBA basketball media day Thursday, Dec. 15, 2011, in Houston.

  • Houston Rockets' Courtney Lee (5) blocks a pass from New York Knicks' Jeremy Lin (17) in the second half of an NBA basketball game, Saturday, Jan. 28, 2012, in Houston.

  • Detroit Pistons forward Austin Daye (5) defends against New York Knicks guard Jeremy Lin (17) who looks to pass in the second half of their NBA basketball game at Madison Square Garden in New York, Tuesday, Jan. 31, 2012.

  • New Jersey Nets' Deron Williams, right, drives to the basket against New York Knicks' Jeremy Lin during the fourth quarter of an NBA basketball game Saturday, Feb. 4, 2012, at Madison Square Garden in New York.

  • New York Knicks' Jeremy Lin, left, looks to pass the ball as he is guarded by New Jersey Nets' Deron Williams during the fourth quarter of an NBA basketball game Saturday, Feb. 4, 2012, at Madison Square Garden in New York.

  • New York Knicks' Jeremy Lin takes a shot during the fourth quarter of an NBA basketball game against the New Jersey Nets Saturday, Feb. 4, 2012, at Madison Square Garden in New York.

  • New Jersey Nets' Jordan Williams (20) avoids foulingNew York Knicks' Jeremy Lin during the second quarter of an NBA basketball game Saturday, Feb. 4, 2012, at Madison Square Garden in New York.

  • New York Knicks' Jeremy Lin drives to the basket during the second quarter of an NBA basketball game New Jersey Nets Saturday, Feb. 4, 2012, at Madison Square Garden in New York.

  • New York Knicks guard Jeremy Lin reacts after hitting a basket during the fourth quarter of an NBA basketball game against the New Jersey Nets, Saturday, Feb. 4, 2012, at Madison Square Garden in New York. Lin led all scorers with 25 points as the Knicks defeated the Nets 99-92.

  • New York Knicks' point guard Jeremy Lin (17) shoots over Utah Jazz's power forward Paul Millsap (24) during an NBA basketball game on Monday, Feb. 6, 2012, in New York.

  • New York Knicks' point guard Jeremy Lin (17) drives the ball against Utah Jazz's point guard Earl Watson (11) during an NBA basketball game on Monday, Feb. 6, 2012, in New York.

  • New York Knicks' point guard Jeremy Lin (17) leaves the court with teammates after the Knicks defeated the Utah Jazz 99-88 in an NBA basketball game against the Utah Jazz on Monday, Feb. 6, 2012, in New York.

  • New York Knicks v Washington Wizards

    WASHINGTON, DC - FEBRUARY 08: Jeremy Lin #17 of the New York Knicks warms up before the start of the Knicks and Washington Wizards game at Verizon Center on February 8, 2012 in Washington, DC. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Rob Carr/Getty Images)

  • New York Knicks v Washington Wizards

    WASHINGTON, DC - FEBRUARY 08: Fans of Jeremy Lin #17 of the New York Knicks hold up signs during the second half of the Knicks and Washington Wizards game at Verizon Center on February 8, 2012 in Washington, DC. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Rob Carr/Getty Images)

  • New York Knicks v Washington Wizards

    WASHINGTON, DC - FEBRUARY 08: Jeremy Lin #17 of the New York Knicks drives to the basket against the Washington Wizards during the first half at Verizon Center on February 8, 2012 in Washington, DC. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Rob Carr/Getty Images)

  • New York Knicks v Washington Wizards

    WASHINGTON, DC - FEBRUARY 08: Jeremy Lin #17 of the New York Knicks works the ball against John Wall #2 of the Washington Wizards at Verizon Center on February 8, 2012 in Washington, DC. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Rob Carr/Getty Images)

  • New York Knicks v Washington Wizards

    WASHINGTON, DC - FEBRUARY 08: Jeremy Lin #17 of the New York Knicks celebrates with teammate Jared Jeffries #9 during the first half against the Washington Wizards at Verizon Center on February 8, 2012 in Washington, DC. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Rob Carr/Getty Images)

  • Los Angeles Lakers v New York Knicks

    NEW YORK, NY - FEBRUARY 10: Jeremy Lin #17 of the New York Knicks drives for a shot attempt in the first quarter against the Los Angeles Lakers at Madison Square Garden on February 10, 2012 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Chris Chambers/Getty Images)

  • Los Angeles Lakers v New York Knicks

    NEW YORK, NY - FEBRUARY 10: Kobe Bryant #24 of the Los Angeles Lakers drives in the second quarter against Jeremy Lin #17 of the New York Knicks at Madison Square Garden on February 10, 2012 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Chris Chambers/Getty Images)