New York Knicks free agent guard Jeremy Lin has reportedly agreed to the offer sheet he received from the Houston Rockets (via Adrian Wojnarowski). (via Adrian Wjonarowski). Wojnarowski also reported that the deal is worth $28.8 million over four years. The fourth year is a team option.The Knicks are thought to want to match any offer for Lin.

Wojnarowski is now reporting the terms of a deal that is indeed back-loaded, making this a difficult deal for the Knicks to match.

Offer sheet for Lin will pay him $5M in year one, $5.2M in year two and $9.3M in years three and again in team ... m.tmi.me/sX8ch

— Adrian Wojnarowski (@WojYahooNBA) July 5, 2012

More from Wojnarowki:

New York has never been uneasy about paying high luxury tax and values Lin economically far beyond what he can do on the floor.

— Adrian Wojnarowski (@WojYahooNBA) July 5, 2012

As one rival GM said: "Houston knows New York will match, but it will be more money for them in the tax distribution in three years."

— Adrian Wojnarowski (@WojYahooNBA) July 6, 2012

So, Linsanity most likely remains in New York. But it will cost the Knicks dearly to make it happen.

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