The move helps clear up the Nets' logjam at point guard and sends Lin to another team that is also pretty crowded at the position.
According to ESPN's Adrian Wojnarowski, the Brooklyn Nets agreed to trade Lin to the Hawks in exchange for a 2020 second-round pick (via Portland) and the rights to Isaia Cordinier, a 2016 second-round pick who has remained overseas.
Jeremy Lin is headed to his fifth National Basketball Association team in the last five years.
Wojnarowski noted that league sources indicated the Lin trade will likely speed up the process of the Hawks trading guard Dennis Schroder this summer. The deal will also trade future second-round draft picks. The 21-year-old is now playing in France.
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Lin, who originally signed as a free agent with Brooklyn on July 7, 2016, appeared in 37 games (34 starts) in the past two seasons with the Nets, averaging 14.6 points, 3.6 rebounds and 5.1 assists in 24.5 minutes per game.
Since leaving the Knicks, Lin has played with the Houston Rockets, Los Angeles Lakers, the Charlotte Hornets and the Nets.
Spencer Dinwiddie stepped in while Lin was out and became one of the NBA's most improved players. The 29-year-old tore his right patellar tendon in the first game of the 2017-18 season and missed the rest of the year.
Lin has averaged 12.0 points, 4.5 assists, 2.9 rebounds and 1.2 steals a game over 406 National Basketball Association appearances.