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.
|LeBron on J.R. Smith's Seven 3-Pointers|
LeBron James talks about J.R. Smith's seven 3-pointers in Game 2 and what it would be like to have his "green light" to shoot.
|High Tops: Top Plays of the Season Promo|
NBA TV's 30-minute show highlighting the seasons top 10 assists, dunks, and plays, premieres 12 pm ET on Saturday May 7th.
|Playoffs Turnaround: Heat Take Game 1|
In advance of tonight's Heat-Raptors game, here's a look back at Tuesday night's overtime thriller in Toronto where the Heat defeated the Raptors 102-96 to take Game 1.
|Cavs' Record-Setting Shooting Display|
The Cavaliers set a new NBA record with 25 3-pointers in a game, playoffs or regular season.
|Larry Bird on Style of Play|
Larry Bird discusses the style of play he would like to see going forward.