The Golden State Warriors are closing in on signing summer-league sensation Jeremy Lin, according to sources with knowledge of the talks.
Sources told ESPN.com on Tuesday that the Warriors, by offering to guarantee more than half of Lin's potential first-year salary of nearly $500,000, have reached an agreement with the point guard from Harvard.
Lin is expected to receive a multiyear deal, sources said. The deal has not been signed.
Lin's Bay Area roots and consistently strong performance with the Dallas Mavericks' squad in Las Vegas prompted the Warriors to chase Lin hard and ultimately outbid a handful of teams that have been pursuing him since summer-league play ended Sunday.
The Mavericks and Los Angeles Lakers were among the first teams to try to sign the 6-foot-3 guard for next season, but agent Roger Montgomery told ESPNDallas.com on Monday that the publicity Lin attracted for outplaying prized Mavs youngster Roddy Beaubois -- while routinely flashing better-than-expected athleticism in the process -- generated a clutch of new offers.
The Warriors have a need for a guard depth behind stars Monta Ellis and Stephen Curry after restricted free agent C.J. Watson signed an offer sheet Monday with the Chicago Bulls that resulted in Watson joining the Bulls via sign-and-trade.
A Western Conference scout said of Lin's play in Las Vegas: "He showed that he can be an NBA point guard. He showed us he can finish, defend and has above-average athleticism."
Lin is a lifelong Warriors fan and his signing, sources said, was fully endorsed by Golden State's incoming new ownership tandem of Boston Celtics minority partner Joe Lacob and Mandalay Entertainment CEO Peter Guber, whose purchase of the Warriors from longtime owner Chris Cohan won't be finalized for 60 to 90 days.
Mavericks president of basketball operations Donnie Nelson was the only NBA executive to offer Lin a roster spot for summer league and had hopes of developing Lin's game with the Texas Legends, which is the Mavericks D-League affiliate in Frisco that Nelson co-owns.
Marc Stein is a senior NBA writer for ESPN.com.