NBA: Jeremy Lin 'excited' to move from Knicks to Rockets

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Jeremy Lin's sparkling Broadway run is over, but the point guard who took New York by storm says he excited to launch the next phase of his NBA career with the Houston Rockets.

"Extremely excited and honored to be a Houston Rocket again!!" Lin said on Twitter shortly after the New York Knicks confirmed they wouldn't match Houston's three-year, $25 million offer for the 23-year-old player.

The Knicks announced their decision less than two hours before a midnight deadline, and several hours after the New York Times reported the decision had been made.

His fate had been the subject of intense speculation since he became a restricted free agent this month. He inked the offer sheet from Houston, but the Knicks had the option of matching it.

The Knicks had vowed to match any offer Lin received, and they were widely expected to match a reported three-year, $19.5 million offer from the Rockets.

However, Lin eventually signed the higher offer sheet from the Rockets, which includes a $14.9 million scheduled payment for the third year.

Lin played what proved to be his last game for the Knicks in their win over Detroit on March 24.

He suffered a torn meniscus in his left knee and opted to have surgery, missing the rest of the regular season.

Lin looked close to returning in the playoffs, but didn't make it back before the Knicks were eliminated by Miami in the first round.

"Much love and thankfulness to the Knicks and New York for your support this past year...easily the best year of my life ?#ForeverGrateful," Lin wrote on Twitter.