7:15pm: The second and third years of Rivers’ new deal will be non-guaranteed, sources tell Ian Begley of SNY.tv (Twitter link).
6:23pm: Following up on his initial report, Wojnarowski says (via Twitter) that Rivers will actually get a three-year deal from the Knicks. It’ll be worth $10MM, Woj adds.
5:08pm: The Knicks have agreed to add free agent combo guard Austin Rivers to their rotation on a one-year deal, according to Adrian Wojnarowski of ESPN (Twitter link). Mike Vorkunov of The Athletic (via Twitter) observes that this brings New York to 15 total roster spots, including another new addition, center Ed Davis.
Knicks head coach Tom Thibodeau has long been a fan of Rivers, according to Frank Isola of ESPN (Twitter link). Selected by the Pelicans with the 10th pick out of Duke in 2012, the 6’3″ Rivers has developed into a solid reserve scoring guard.
He also had stops with the Clippers and Wizards, before turning in memorable performances on competitive Rockets teams during parts of the last two seasons. In 68 games for the Rockets last season, Rivers added 8.8 PPG, 2.6 RPG, and 1.7 APG. He had a respectable shooting line of .421/.356/.703.
According to Stefan Bondy of the New York Daily News (Twitter link), Rivers is one of eight players with ties to either CAA or the University of Kentucky added by new Knicks GM Leon Rose via draft, trade or free agency.