The Knicks and Steve Novak have reached agreement on a multi-year contract, agent Mark Bartelstein says.— Ken Berger (@KBergCBS) July 9, 2012
Novak's deal with the Knicks is for $15 million over four years with no options.— Ken Berger (@KBergCBS) July 9, 2012
The is quite a bit of coin for a 29-year-old who averages just over 11 minutes a game for his career. However, Novak is coming off the most productive season of his six-year career, which was his first with the Knicks.
In 18.9 minutes per game last season, Novak was good for 8.8 points per game. Almost all of these were on threes. Novak's deadly long-distance shot saw him average 2.5 made three-pointers per game, and he hit 47.2 percent of those shots.
To put this in even more eye-popping perspective, only 0.5 of Novak's per-game field goals were not three-pointers. That is getting the job done from the outside, and the Knicks rewarded him with this healthy contract for his efforts.
This re-signing is not at all surprising. The Knicks held Novak's early-Bird rights, which meant that the they could go over the salary cap to re-sign him.
Novak is a nice piece off of the bench. He can play both forward positions, and that frees up New York to run several different looks.
This signing cannot be made official until free-agent moratorium ends on Wednesday, July 11.