Point guard Raymond Felton’s contract figures, finalized today, is two years, $15.8M, according to a source.
There may be a third-year team option but that has yet to be negotiated upon. The Knicks chose Felton partly because he was willing to sign for two years and give the Knicks 2012 flexibility. Donnie Walsh confirmed the agreement is in place.
Felton and the three Golden Staters from the David Lee sign-and-trade – Anthony Randolph, Ronny Turiaf and Kelanna Azubuike – will be introduced at a press conference Monday in Greenburg’s practice facility.