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.
|Feb 27: Daily Zap|
Get a quick recap of all 14 games from Friday night's action around the NBA.
|Nightly Notable: Russell Westbrook|
Highlights from Russell Westbrook as he scores 40 points, grabs 13 rebounds and dishes out 11 assists.
|Feb 27: Top 10|
Here are your top 10 plays from Friday night's action around the NBA.
|Thunder vs. Trail Blazers|
LaMarcus Aldridge and Damian Lillard score 29 points a piece to stave off Russell Westbrook's triple-double 40 point outing as the Trail Blazers win 115-112.
|Block of the Night: Kentavious Caldwell-Pope|
Kentavious Caldwell-Pope hustles all the way back to block Tim Hardaway Jr. at the rim.