• Elfrid Payton
    PG, New York Knicks

    Elfrid Payton has agreed to a two-year, $16 million deal with the Knicks.

    The Knicks continue to spend their money on short-term deals for mid-tier players, as they promised if they whiffed on the big names — as they did. Payton will battle Dennis Smith Jr. for playing time in what looks like a pure timeshare since neither has the shooting chops to play off-ball. It's going to crush the fantasy appeal for both players, though we'll wait to see how David Fizdale arranges things before writing Payton off entirely. He has a versatile stat set and can be an asset in rebounds, assists and steals with the occasional block or 3-pointer. The second year is reportedly a team option. The Knicks aren't getting big names, but they are giving themselves potential trade assets while keeping flexibility.

    Source: Shams Charania on Twitter