Guard Jeremy Lin and the Atlanta Hawks are finalising a buyout of his contract, and he then expects to sign with the Toronto Raptors, according to an ESPN report.
Agents Jim Tanner and Roger Montgomery told ESPN on Monday Lin could be with the Raptors by the middle of the week.
Lin, who is earning $12.5m in his first season with the Hawks, became a household name in 2012, when a short but prolific run with the New York Knicks sparked what became known as “Linsanity”.
But since then, the 30-year-old has played for Houston, the Los Angeles Lakers, Charlotte, and Brooklyn before arriving in Atlanta in the offseason.
With the Hawks, he has come off the bench, playing behind rookie first-round draft picks Trae Young and Kevin Huerter and averaged 10.7 points, 3.5 assists and 2.3 rebounds in 19.7 minutes per game.
In Toronto, he is expected to add depth behind Kyle Lowry and Fred VanVleet as the Raptors pursue the No. 1 seed in the Eastern Conference, currently a game behind Milwaukee.