FRIDAY, 11:07am: The Knicks have formally announced Hernangomez’s signing, making it official (Twitter link).
TUESDAY, 3:45pm: According to Frank Isola of The New York Daily News (via Twitter), Hernangomez’s deal will be for at least three years, which means the Knicks are using cap space to complete it.
3:00pm: After spending the first few days of July securing NBA free agents, the Knicks have shifted their focus to overseas players today. Having agreed to terms with Lithuanian forward Mindaugas Kuzminskas earlier this afternoon, New York has also struck a multiyear deal with a 2015 draftee, Spanish center Willy Hernangomez, per Adrian Wojnarowski of The Vertical (Twitter link). The contract will be fully guaranteed, tweets Ian Begley of ESPN.com.
Hernangomez, the 35th overall pick in last year’s draft, didn’t see much action during Euroleague play for Real Madrid this past season, posting averages of 4.3 PPG and 3.4 RPG in 10.6 minutes per Euroleague contest (10.6 games). However, the 22-year-old did shoot an impressive 64.3% from the field in his limited action.
There have been multiple reports indicating throughout the spring and summer that Hernangomez planned on joining the Knicks this offseason. A May report suggested that the 6’11” center had rejected two offers from Real Madrid, and that it would take a significant shift in momentum for him not to wind up with New York next season.
That same report in May indicated that a four-year offer would be on the way for Hernangomez, but it remains to be seen whether or not that will be the case. Contracts signed using the minimum-salary exception can’t be longer than two years, but if the Knicks use cap room to sign Hernangomez to a minimum-salary deal, which they should be able to do, it could be for up to four years.