MARCH 13: The Knicks have officially re-signed Williams, the team confirmed in a press release.
MARCH 12: The Knicks will keep Troy Williams on their roster after his second 10-day contract expires tonight, league sources tell Shams Charania of Yahoo Sports. According to Charania, the Knicks and Williams have agreed to a two-year deal that will cover the rest of this season and will include partial guarantees for 2018/19.
While the exact salary terms weren’t reported, it figures to be a minimum salary contract — the Knicks used up their cap space and their room exception, so they can’t offer anything besides the minimum at this point. Michael Scotto of The Athletic also notes (via Twitter) that Williams’ new deal includes trigger dates, which means that – if they so choose – the Knicks should have a chance to waive him before various offseason deadlines without carrying much dead money on their ’18/19 cap.
Williams, 23, spent most of this season with the Rockets, but was waived after February’s trade deadline when Houston needed to open up a roster spot for Joe Johnson. Williams quickly caught on with the Knicks and has now spent 20 days with the team, averaging 8.1 PPG and 2.9 RPG in just 13.9 minutes per contest (eight games).
Teams can only sign a player to up to two 10-day contracts per season, so the Knicks would have had to part ways with Williams tomorrow if they didn’t work out a guaranteed deal with him. Because Williams is currently filling New York’s 15th roster spot, the club won’t be able to sign anyone else to a 10-day contract this season unless another player with a guaranteed salary is waived.