The Hawks absorbed Lin’s $12.5 million salary into their cap space. The Nets will be responsible for paying Lin a $1.25 million trade bonus, but that amount will count against the Hawks’ salary sheet.
Lin, 29, suffered a ruptured patella tendon in his right knee during the first game in 2017-18 and didn’t play the rest of the season. Lin told reporters in February that he planned to be ready by training camp for next season. He was limited to 36 games during the 2016-17 season because of hamstring injuries.
Lin gained international fame while playing for the Knicks during the lockout-shortened 2011-12 season. Injuries to rotation players prompted then-coach Mike D’Antoni to give Lin a chance, and he responded by helping lead a Knicks turnaround. Lin’s popularity was boosted by his status as the first American-born NBA player of Chinese or Taiwanese descent.
Lin has played for four teams over the past six seasons. In 342 games (192 starts) over that span he averaged 27.9 minutes, 12.5 points and 4.5 assists while shooting 43.2 percent from the field, including 35.3 percent on 3-point attempts (369-for-1,046).