The Houston Rockets have reportedly claimed Jeremy Lin off waivers. Lin will serve as depth at the end of the Houston bench and is unlikely to possess any fantasy value with Kyle Lowry ticketed for major minutes as the starter.

According to agent Roger Montgomery, Jeremy Lin has agreed to terms with an unknown Italian team. Lin was thought to be in the final stages of a deal in Europe, and he confirmed that he was exploring his Italian options after appearing at Rajon Rondo's charity game. The deal is expected to become official this week.

Warriors guard Jeremy Lin is "in the final stages of a deal in Europe," according to Hoopsworld. Lin is choosing between two teams and will have an out clause in his contract, even though his deal for next season is currently unguaranteed.