JULY 21st: The deal is official, the team announced via press release.
JULY 6th, 10:24pm: The pact will pay Galloway $5MM per season, Adam Zagoria of SNY.tv tweets.
4:35pm: Galloway received a two-year deal from New Orleans, with a player option for the second season, according to Scotto (Twitter link).
3:46pm: Point guard Langston Galloway will sign with the Pelicans, tweets Michael Scotto of Sheridan Hoops. Contract details are still being finalized, according to Ian Begley of ESPN.com (Twitter link).
Galloway became an unrestricted free agent on Monday when the Knicks rescinded their $2.725MM qualifying offer. Galloway became expendable when New York reached a one-year, $5MM deal with free agent guard Brandon Jennings. Begley notes that New York held Early Bird Rights on Galloway and could have offered up to $6.1MM in the first year of a new deal (Twitter link).
The 24-year-old was a regular part of the Knicks’ rotation this season, his second in the NBA. Galloway appeared in all 82 games, averaging 7.6 points, 3.5 rebounds and 2.5 assists in 24.8 minutes while shooting 39.3% from the field and 34.4% from 3-point range.