Click here to Skip to main content
LATEST HEADLINES - NBA NEWS

Novak, Knicks agree to $15 million, multiyear deal


Posted Jul 9 2012 5:12PM - Updated Jul 9 2012 5:31PM

NEW YORK (AP) -- Steve Novak is returning to the New York Knicks with a four-year deal worth $15 million.

Novak's agent, Mark Bartelstein, says the deal is a reward for a player who finally got his opportunity and took advantage of it. The Knicks claimed him after he was waived by San Antonio and Novak went on to lead the NBA in 3-point shooting at 47.2 percent.

Novak may not have been able to return without a challenge by the union to claim his "Bird Rights," allowing the Knicks to exceed the salary cap to keep him. Previously, players only kept their Bird Rights if traded, but the players' association successfully argued that players claimed off waivers should, too.

The deal can't be signed until Wednesday after next year's salary cap is set.

SEARCH NEWS
LATEST VIDEOS
photoFrank Kaminsky Highlights
Watch the Summer League highlights from Charlotte Hornets big man Frank Kaminsky.
photoBest Assists 2014-15 Season
Check out the best assists from the 2014-15 NBA season.
photoPaul George Visits China
Watch this clip of the Pacers' Paul George as he visits China.
photoHistory of the NBA in Africa
From a memorable visit with Nelson Mandela, to the humanitarian efforts of Dikembe Mutombo, to the success of Basketball Without Borders -- and more - the connection between the NBA and Africa has been built and strengthened over the decades. Narrated by Toronto Raptors President and General Manager, Masai Ujiri.
photoChampions Meet
Harrison Barnes of the Golden State Warriors Championship team met up with members of the FC Barcelona soccer team, winners of the Champions League.

Copyright © NBA Media Ventures, LLC. All rights reserved. No portion of NBA.com may be duplicated, redistributed or manipulated in any form. By accessing any information beyond this page, you agree to abide by the Privacy Policy / Your California Privacy Rights and Terms of Use. | Ad Choices Ad Choices

NBA.com is part of Turner Sports Digital, part of the Turner Sports & Entertainment Digital Network.