JULY 9TH, 12:43pm: The deal is official, the team announced (on Twitter).
JULY 2ND, 8:01am: The Knicks will sign Arron Afflalo to a two-year deal worth $16MM with a player option on the final season, reports Ramona Shelburne of ESPN.com. The agreement gives the Sam Goldfeder client slightly more in average annual value than he would have made had he picked up his $7.75MM player option with the Blazers.
The deal comes as no surprise, as Adrian Wojnarowski of Yahoo! Sports on Monday identified the Knicks as the front-runners for the shooting guard who turns 30 in October, and Chris Mannix of SI.com reported Tuesday that Afflalo was open to a deal that allowed him to hit free agency again in a year or two. The Knicks were to meet with Afflalo today, and it sounds like they either met early this morning or reached agreement before having a sitdown.
New York will use part of its nearly $30MM in cap flexibility on the eight-year veteran, but plenty of room is left over to sign Greg Monroe to a max contract. Monroe is reportedly meeting with the Knicks and three other teams, including Portland.