JULY 8: The Knicks have made it official with Lee, announcing that his deal has been signed (Twitter link).
JULY 2: The Knicks and Courtney Lee have agreed to a four-year deal, according to Alex Kennedy of Basketball Insiders. The deal is worth $48MM and it’s fully guaranteed with no options, Michael Scotto of The Associated Press reports.
New York has been looking for a shooting guard to add to a starting rotation that is set to feature Carmelo Anthony, Derrick Rose, Kristaps Porzingis and Joakim Noah. The Knicks were reportedly in the mix for Eric Gordon, with potentially disgruntled Heat star Dwyane Wade lurking as a fallback option, but landing Lee appears to be a more prudent pickup, given his consistent health.
“Excited to be a part of the Knicks and play in the Garden. The fans and city are amazing, and the team is ready,” Lee said, per Kennedy.
After agreeing to a deal with center Joakim Noah, the Knicks were projected to have approximately $12MM in cap space remaining, so Lee may be the team’s latest notable free agent addition. An unselfish two-way player with good shooting ability, the 30-year-old looks like a solid addition for New York.
Lee finished the 2015/16 season with the Hornets, appearing in 28 games after being acquired from Memphis and averaging 8.9 points, 3.9 rebounds and 2.1 assists during his time in Charlotte. He shot .445/.392/.885 from the field for the Hornets.
The Wolves, Kings, Nets and Hawks were all reported to be interested in Lee before he agreed to terms with the Knicks, though Atlanta and Sacramento have landed alternate targets in Kent Bazemore and Arron Afflalo, respectively.
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