Lin will sign with Toronto later this week, said Jim Tanner, one of his agents. An expiring contract brought a fair amount of rumored interest as last week's trade deadline approached, and the Hawks' initially reported stance on not doing a buyout seemingly shifted with a potential push from Lin's representation.
Lin is expected to clear waivers on Wednesday at 5 p.m. EST, which would allow him to sign with the Raptors and potentially suit up for Wednesday night's home game against Washington. The video of his memorably buzzer-beater in Toronto made the social media rounds.
VanVleet will wear a splint for the next three weeks before being re-evaluated. He's an elite competitor.
Toronto will become Lin's eighth National Basketball Association franchise, after stints with Golden State, New York, Houston, the Los Angeles Lakers, Charlotte, Brooklyn and this season Atlanta.
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Appearing in 51 games for Atlanta this season, the 30-year-old point guard has been a solid bench player.
The plan to enter into an agreement with Lin comes one day after the Raptors finalized the conversion of two-way player Chris Boucher's contract to an National Basketball Association standard contract.
The Raptors are now second in the East at 41-16. Over his career, the California native is averaging 11.8 points, 2.8 rebounds, 4.4 assists and shooting 34.8 per cent from beyond the arc. He's been part of three previous playoff runs, in 2013 and 2014 with Houston and in 2016 with Charlotte.