Golden State Warriors waive Jeremy Lin

Bad news. The Warriors waived guard Jeremy Lin, the team announced Friday — the first day of training camp.

Lin, 23, was due to make nearly $800,000 and was going to have trouble beating out rookie guard Charles Jenkins for backup minutes at point guard. The move indicates the Warriors are trying to find cap room to make free-agent offers. They’ve signed Jenkins but haven’t inked fellow rookies Klay Thompson or Jeremy Tyler.

Lin went to Palo Alto High and Harvard and was one of the first Asian-Americans to make it to the NBA. He appeared in 29 games last season as a rookie, averaging 2.6 points, 1.2 rebounds and 1.4 assists a game. He had several stint with the Reno Big Horns of the NBA Development League, appearing in 20 games  and averaging 18 points, 5.8 rebounds and 4.3 assists a game.

via GS Warriors waive Jeremy Lin, sign Charles Jenkins | Golden State Warriors | an SFGate.com blog.