Nothing official can happen until Wednesday, when the NBA lifts its moratorium on transactions, but Thursday was a head-spinning day for the Knicks.
A day after hearing that sought-after guard Steve Nash was headed for the Lakers, restricted free agent guard Jeremy Lin, whose surprising season spawned "Linsanity" in New York and beyond, verbally agreed to sign a four-year offer sheet next week with the Rockets, ESPN.com reported.
Then, in a move that stunned the Mavericks, their guard, Jason Kidd, has changed his mind about staying in Dallas and is set to head to New York, according to multiple media reports.
Lin's offer sheet from Houston is worth more than $30 million, according to the New York Post. If Lin signs it Wednesday, the Knicks would have three days to match the offer to the restricted free agent, who averaged 14.6 points and 6.2 assists in 35 games. The contract is said to be worth $10.2 million over the first two seasons and $9.3 million in each of the last two years. The fourth season is a team option.
The Rockets had Lin in training camp but waived him because they had already had Kyle Lowry and Goran Dragic on their roster.
Lin was claimed by the Knicks, who have said they still covet him.
Though the Mavs thought they were close to getting a verbal agreement from Kidd on a three-year, $9 million deal, ESPN.com reported that he will take a similar deal with the Knicks, saying they have "pieces to work with."
"I think I can help," Kidd told ESPN The Magazine.
Allen visits Heat
MIAMI — Ray Allen seems to be taking a serious look at joining the NBA champion Heat.
The free agent Celtics guard visited the Heat in Miami on Thursday and was to remain in South Florida today for more talks, the Associated Press reported.
The Celtics have offered the NBA's 3-point field goal leader a two-year, $12 million deal after he averaged 14.2 points this past season. The Heat, which has ousted Boston the past two postseasons, can only offer Allen the mini midlevel exception, which would pay about $3 million this coming season.
Nash called Bryant: Two-time MVP Nash ran his sign-and-trade deal from the Suns through star Kobe Bryant after deciding on the Lakers because Los Angeles is close to his children in Phoenix and to NBA title contention. The 38-year-old guard will reportedly get a three-year deal worth an estimated $27 million. He called Bryant, who told Nash they would be a good fit.
"He was excited, and explained to me how he thought it would help, and why he thought it would be great," Nash told an ESPN radio station, "and I think a lot of the reasons he had were ones I could already envision before speaking to him."
Magic to keep Nelson: Free agent Jameer Nelson reached an agreement in principle that will keep the point guard in Orlando. Nelson, 30, would not disclose the length of the deal or his pay, but the Orlando Sentinel said he will get a three-year deal.
Mavs To lose Terry: Former Mavs shooting guard Jason Terry reportedly agreed to a three-year deal for $15 million with Boston.
More Rockets: Houston traded Kyle Lowry to Toronto for a future first-round draft pick with lottery protection, the Associated Press reported.
Cavaliers: First-round draft picks Dion Waiters (fourth overall, guard, Syracuse) and Tyler Zeller (17th, center, North Carolina) agreed to terms.
Celtics: Forward Brandon Bass has reportedly agreed to a three-year deal to return.
Clippers: The team bolstered its backcourt by re-signing Chauncey Billups (one year, $4.3 million) and adding former Blazers guard Jamal Crawford to a multiyear deal, ESPN.com and the Los Angeles Times reported.
Thunder: The agent for Hasheem Thabeet confirmed the center has agreed to a two-year deal. Salary was not disclosed.
Timberwolves: The agent for Blazers restricted free agent Nicolas Batum said the forward reached agreement with Minnesota on a new deal and wants the Blazers to let him go.