Video: Houston Rockets trade Jeremy Lin to Los Angeles Lakers

The Houston Rockets have traded guard Jeremy Lin and a future first-round pick to the Los Angeles Lakers, a league source told ESPN’s Jeff Goodman.

The Lakers were amenable to this deal, according to sources, because Lin is only under contract for one more season, thus preserving their cap space next summer. They also covet draft picks, after trading away their first-round picks in 2015 and 2017 to Phoenix and Orlando as part of theSteve Nash and Dwight Howard trades, respectively.

The Rockets have made a maximum offer to center Chris Bosh of four years, $88 million, according to sources.

A source told ESPN.com on Friday that the Rockets expect Bosh to commit “soon” to joining Houston after Miami Heat teammate LeBron James told SI.com on Fridaythat he was leaving to return to the Cleveland Cavaliers.

The Rockets also intend to match the Dallas Mavericks‘ three-year, $46 million offer sheet to restricted free agent Chandler Parsons after signing Bosh, a source told ESPNDallas.com.

After trading Lin, the Rockets’ plan now is to complete their agreed-upon trade of Omer Asikto the New Orleans Pelicans.

The Philadelphia 76ers had expressed a willingness to trade for Lin depending on what sort of assets Houston is willing to attach to the deal, sources close to the process told ESPN recently.

video: Houston Rockets trade Jeremy Lin to Los Angeles Lakers – ESPN Los Angeles.