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Knicks Sign Lamar Odom

The Knicks have signed Lamar Odom for the remainder of the season, the team announced. We heard yesterday that New York was nearing a deal with Odom, but a report earlier today suggested there was a chance the team would opt to sign Ike Diogu instead. However, the Knicks eventually decided on Odom, and the big man inked a two-year, minimum salary pact that covers the final game of 2013/14 and features a non-guaranteed year next season, as Howard Beck of Bleacher Report passes along (via Twitter).

Odom’s injury will keep him from playing in the Knicks’ final contest tonight, but the real value in his signing comes from his non-guaranteed second season. New York will be able to use Odom to help match salaries in any deal the club makes before July. Or, if the Knicks are interested in potentially hanging on to the 34-year-old, they can evaluate his abilities in the offseason and cut him without taking a salary hit if it’s decided he isn’t fit to make the squad.

Over the course of 14 NBA seasons, Odom has averaged 13.3 points and 8.4 rebounds per game. He hasn’t seen action since appearing in all 82 contests for the Clippers in 2012/13, when he played an average of 19.7 minutes per night. He’s represented by Jeff Schwartz of Excel Sports Management. The Knicks roster now stands at a league maximum 15 players to conclude the year.

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