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Free agent point guard Elfrid Payton has agreed to a two-year contract with the New York Knicks, according to Shams Charania of Stadium.
The deal is reportedly worth $16 million.
Payton, 25, spent his first four seasons with the Orlando Magic, but the Knicks will be is fourth team in a year-and-a-half.
He spent last season with the New Orleans Pelicans, but missed half the season with a sprained right ankle and fractured finger. In 42 games, Payton compiled averages of 10.6 points and a career-high 7.6 assists.
Along with the Magic and Pelicans, Payton has spent time with the Phoenix Suns.
The Knicks have added numerous veterans this offseason, from power forward Julius Randle (Pelicans) to shooting guards Reggie Bullock and Wayne Ellington (Detroit Pistons) to forwards Bobby Portis (Washington Wizards) and Taj Gibson (Minnesota Timberwolves).