The Knicks will sign undrafted guard Allonzo Trier to a two-year deal after his impressive start to his rookie season, according to The Athletic's Shams Charania.
The 22-year-old Trier has averaged 11.3 points, 3.1 rebounds and 1.9 assists per game this season, scoring a career-high 25 points in a 114-109 win over the New Orleans Pelicans on Nov. 23.
Trier's contract contains a team option for the second year, according to ESPN's Ian Begley, and he will receive $7 million in total if it's exercised.
This year, Trier will receive $3.38 million. New York is using its bi-annual exception to sign him, according to Charania. If New York declines his team option, they will save $3.5 million toward the salary cap and would have a $4.76 million exception, according to ESPN's Bobby Marks.
Trier would become a restricted free agent next summer if the Knicks decline his team option. If they pick up his option, he would be a restricted free agent with early Bird rights in 2020, according to Marks.
The Knicks had a 45-day deadline to either sign Trier to an NBA contract or send him back to the G League, however that 45-day window excluded travel days, off days and days for rehab. (Trier has missed the past two games with a left hamstring strain.)
A 6-foot-5, 200-pound guard, Trier averaged 21.3 points in three seasons with the University of Arizona.
To make room on their active roster, the Knicks will cut Ron Baker, a 25-year-old guard who averaged 1.3 points and 9.7 minutes in 11 games this season.