Cap-Conscious Knicks Sign Surprising Galloway To New Contract
NEW YORK (CBSNewYork) -- Langston Galloway is turning into a bright spot during an otherwise forgettable season for the Knicks.
And he's going to be around for a while.
Having just finished his second 10-day contract, Galloway signed a new contract with the Knicks on Tuesday, the team announced.
.@PhilJackson11 announces #Knicks have signed @LangGalloway10 for remainder of season.
— NEW YORK KNICKS (@nyknicks) January 27, 2015
READ: http://t.co/B05f3lEo4B pic.twitter.com/UHzysiiGEA
Though specific terms were not immediately known, the Knicks will reportedly give Galloway, who earned a shot in the NBA after making strides for the club's Developmental League team in Westchester, guaranteed money for the rest of the 2014-15 season and next season, ESPN New York reported.
The sides appeared to be at an impasse earlier Tuesday because the Knicks, who will potentially be $32 million under the salary cap for next season, did not want to give Galloway guaranteed money next season, the New York Post reported.
Galloway, a 6-foot-2 point guard out of St. Joseph's, is averaging 12.1 points ad 3.0 assists in the eight games he's played.
The Knicks are a dismal 8-37, but have won three of four.
Their game Monday night against visiting Sacramento was postponed due to the blizzard that hit the Tri-State Area. They will next play Wednesday night, at home against Oklahoma City.