Langston Galloway has agreed to a deal with the New Orleans Pelicans, reports Ian Begley of ESPN New York.
He'll reportedly receive a two-year deal worth between $5 and $6 million annually that includes an opt-out for a third season, reports Marc Berman of the New York Post.
The Knicks offered Galloway roughly $3 million per year, according to Berman.
Galloway, 24, became a free agent earlier this week after the Knicks rescinded their qualifying offer, a move that came shortly after New York signed Brandon Jennings to a one-year deal.
Galloway averaged 7.6 points, 3.5 rebounds and 2.5 assists per game in 82 games with the Knicks last season. He averaged 11.8 points, 4.2 rebounds and 3.3 assists in 45 games in 2014-15.
Shortly after news of the deal broke, Galloway tweeted his thanks to the Knicks and their fans:
I would like to thank the New York Knicks organization, my teammates and fans for all of your support these past two years.- Lang Galloway (@LangGalloway10) July 6, 2016
Galloway's departure is unfortunate for a couple of reasons. For starters, he was the organization's first NBA callup from their Westchester D-League affiliate.
The Knicks scouted him at Portsmouth back in the spring of 2014, brought him to training camp the next fall, and subsequently called him up later that season. The team was not only able to get a feel for what Galloway was about, but develop him a bit as well.
Galloway was a revelation as a rookie during the 2014-15 season. During a rather dismal campaign for the franchise, the youngster was a rare bright spot. He brought hustle, heart, grit, and determination. Galloway's defensive intensity impressed the team, as did his ability to cut through the lane on offense.
Unfortunately, New York was unable to help Galloway truly flourish as a sophomore. Taking the ball out of his hands and turning him into more of a spot-shooter limited Galloway's role on offense. In turn, his confidence appeared to waver a bit. The Knicks dropped the ball here, and that -- perhaps more than anything else -- ultimately led to him becoming expendable.
But alas, so did the acquisitions of Derrick Rose and Brandon Jennings. It's time for a change.
Give Galloway credit for his promise and extremely positive attitude throughout. He was visibly grateful to the organization and displayed that through his community efforts. If it's time for him to leave, it's nice that a guy like him gets to go home to New Orleans.