Houston Rockets sign Jeremy Lin as New York won't match offer
Jeremy Lin is the first U.S.-born NBA player of Chinese or Taiwanese descent, and his rise to stardom received international attention.
July 18th, 2012
09:00 AM ET

Houston Rockets sign Jeremy Lin as New York won't match offer

By Richard Roth and Jillian Martin, CNN

New York (CNN) - Seven months after dropping him from their team, the Houston Rockets signed Jeremy Lin when the New York Knicks failed to match Houston's three-year, $25-million offer for the point guard.

"We are thrilled to have Jeremy back as part of the Rockets family," Rockets owner Leslie Alexander said in a statement Tuesday night. "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."

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The Harvard-educated basketball phenom captured worldwide attention by leading the Knicks to a string of victories last year.

Jonathan Supranowitz, the Knicks' vice president of public relations, announced Tuesday night that the Knicks would not match Houston's offer.

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On Twitter, Lin expressed his enthusiasm to rejoin the Rockets.

"Extremely excited and honored to be a Houston Rocket again!!" he tweeted. "Much love and thankfulness to the Knicks and New York for your support this past year ... easily the best year of my life."

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