NBA Free Agency 2012: Steve Novak and N.Y. Knicks Agree to Multi-Year Contract

Richard LangfordCorrespondent IJuly 9, 2012

Steve Novak will reportedly be keeping his silky-smooth shooting stroke with the New York Knicks after agreeing to a four-year extension on Monday. 

CBS Sports' Ken Berger reported the signing and the terms of the deal

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.

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