Lin gives the Raptors obvious depth at both guard spots, and will likely - once he clears waivers and joins Toronto - spend time backing up both point guard Kyle Lowry and shooting guard Danny Green.
Lin is earning $12.5 million in his first season with the Hawks.
The plans to enter into an agreement with Lin comes one day after the Raptors finalized the conversion of two-way player Chris Boucher's contract to an National Basketball Association standard contract.
Lin's arrival in Toronto takes on greater importance with Raptors guard Fred VanVleet expected to miss at least three weeks with a partially torn ligament in his left thumb.
While Raptors coach Nick Nurse couldn't talk about the deal, Nets coach Kenny Anderson, who coached Lin in Brooklyn, did.
Jeremy Lin #7 of the Atlanta Hawks handles the ball against the Washington Wizards on February 4, 2019 at Capital One Arena in Washington, DC.
Nets: In his second game since missing 42 with a foot injury, Caris LeVert shot 3-for-11 and scored six points.
The Toronto Raptors are reportedly getting one of the top targets on the buyout market. Fans might also remember back in 2012 when Lin hit a game-winner against Toronto. Can he be a valuable player for the Raptors down the stretch?
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