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Knicks signed a one-year contract with Elfrid Payton

The New York Knicks have signed a deal with Elfrid Payton, reports ESPN’s Adrian Wojnarowski.

By signing Payton to a $ 5 million deal, they will actually save $ 2 million.

Payton has rebounded on several teams over the course of his short career and is yet to really stay. As a returning player to the Knicks, Payton will have the chance to grow with a team that approaches its first training camp as a true rebuild team.