The Rockets were desperate to unload Lin to give them room to make a maximum-contract offer to free-agent forward
The Lakers have not officially been told they are out of the running for free-agent forward
Lin, who turns 26 next month, has one more year and $14.9 million remaining on his contract, though the cap number is actually $8.4 million because of a quirk in the
The Lakers can free up another $6 million by waiving
The Rockets' first-round pick is protected to some degree but the Lakers believe it will be theirs to use next June because the Rockets' record will be good enough to fall out of pick protection.
Lin fits the Lakers' bill for a player with a short deal, allowing them to keep financial flexibility heading into next summer, when
Lin was uncomfortably thrust into the spotlight last week while the Rockets were courting Anthony.
Houston posted large electronic images of Anthony wearing a No. 7 Rockets jersey outside its arena when he visited. One problem: The number belonged to Lin.
Lin responded on Twitter by referring to a Bible verse: "Luke 6:29 - If someone slaps you on one cheek, turn to them the other also. If someone takes your coat, do not withhold your shirt from them."
Yahoo Sports first reported that the Rockets and Lakers were finalizing the deal for Lin.