Report: Jeremy Lin signing three-year, $36 million contract with the Nets

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Jeremy Lin is returning to the Big Apple.

After dazzling with the Knicks during Linsanity, the point guard — in an unsurprising move — is headed to the Nets.

Adrian Wojnarowksi of Yahoo Sports:

This is a huge bargain for Brooklyn. To get a starting-caliber point guard for that price in this market — wow.

And the Nets still have gobs of cap space to spend. The could become a reasonable team in a hurry.

Lin was rejuvenated with the Hornets after a hard season with the Lakers, and I wouldn’t be surprised if he prioritized fit more than most players do. He already got a big payday from the Rockets. And if he plays well, he can hit the market again before turning 30.

Lin makes things happen in the pick-and-roll, and point guard was a major position of need in Brooklyn. He reunites with Nets coach Kenny Atkinson, who was a Knicks assistant during Linsanity.

They don’t need to recreate the magic to justify this deal.

This is a home-run signing for Brooklyn.