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Jason Kidd to Sign with Knicks as Jeremy Lin Fields Offer from Rockets

By Maya Shwayder | July 6, 2012 10:48am
Jeremy Lin #17 of the New York Knicks drives against Jason Kidd #2 of the Dallas Mavericks at Madison Square Garden on February 19, 2012 in New York City.
Jeremy Lin #17 of the New York Knicks drives against Jason Kidd #2 of the Dallas Mavericks at Madison Square Garden on February 19, 2012 in New York City.
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Getty Images/Chris Trotman

NEW YORK CITY — He's the Knicks' new Kidd on the block.

Veteran point guard Jason Kidd signed with the New York Knicks Thursday — the same day the Houston Rockets agreed to terms with Knicks phenom Jeremy Lin on a multimillion-dollar contract offer that New York is expected to match to retain the emergent star.

Kidd, 39, signed a reported three-year, $9 million contract with the KNicks and leaves the Dallas Mavericks after helping the team to an NBA championship in 2011.

Lin — who created a sensation in the Big Apple this past season with his meteoric rise — is a restricted free agent, meaning New York has three days to match Houston's four-year, $28.9 million offer, according to reports. The Knicks have publicly stated their intention to keep the 23-year-old point guard.

Russell Westbrook #0 of the Oklahoma City Thunder takes a shot against Jason Kidd #2 of the Dallas Mavericks during Game Four of the Western Conference Quarterfinals in the 2012 NBA Playoffs at American Airlines Center on May 5, 2012 in Dallas, Texas.
Russell Westbrook #0 of the Oklahoma City Thunder takes a shot against Jason Kidd #2 of the Dallas Mavericks during Game Four of the Western Conference Quarterfinals in the 2012 NBA Playoffs at American Airlines Center on May 5, 2012 in Dallas, Texas.
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Getty Images/Ronald Martinez

Lin couldn't officially sign with the Rockets until Wednesday, July 11, according to reports.