Lakers acquire Jeremy Lin from Houston

In an effort to clear salary cap space for Chris Bosh, the Houston Rockets have reached a deal to send guard Jeremy Lin to the Los Angeles Lakers.

The Rockets will send a 2015 first-round pick, and other draft considerations to the Lakers to unload the final year of Lin's $14 million expiring contract that includes a salary cap hit of $8.3 million based on the deal's structure.

The Lakers will send cash and the rights to an overseas player, sources said.