The Bay Area native instead received the best financial offer in a late play from his hometown Golden State Warriors, ESPN.com's Marc Stein reports, and is close to signing a deal. The Mavs, the only team to offer Lin a summer-league roster spot, and the Los Angeles Lakers, were two of three teams (the third believed to be in the Eastern Conference) that initially entertained contract talks. More teams became interested after Lin showed well last Thursday against No. 1 overall pick John Wall and even more after summer league wrapped up Sunday night.
Mavs president of basketball operations hoped to sign Lin and develop him with the Texas Legends, the Mavs' new D-League team in Frisco. Nelson did not immediately return messages. A few days ago, Nelson said of Lin: "He just makes things happen and he's a better athlete than people give him credit for."
More from Stein's report:
Sources told ESPN.com on Tuesday that the Warriors, by offering to guarantee more than half of Lin's potential first-year salary of nearly $500,000, have reached an agreement in principle with Harvard graduate.
The Warriors have a need for guard depth behind stars Monta Ellis and Stephen Curry after restricted free agent C.J. Watson signed an offer sheet Monday with the Chicago Bulls that resulted in Watson joining the Bulls via sign-and-trade.
A Western Conference scout said of Lin's play in Las Vegas: "He showed that he can be an NBA point guard. He showed us he can finish, defend and has above-average athleticism."
Lin is a lifelong Warriors fan and his signing, sources said, was fully endorsed by Golden State's incoming new ownership tandem of Boston Celtics minority partner Joe Lacob and Mandalay Entertainment CEO Peter Guber, whose purchase of the Warriors from longtime owner Chris Cohan won't be finalized for 60 to 90 days.