The New York Knicks have made their first move in free agency. Adrian Wojnarowski has reported that the Knicks have signed Julius Randle.
Free agent Julius Randle has agreed to a three-year, $63M deal with the New York Knicks, CAA agents Aaron Mintz and Steve Heumann tell ESPN.
— Adrian Wojnarowski (@wojespn) June 30, 2019
The Knicks signed Randle to a three-year, $63 million deal. Ian Begley of SNY reported that the first two years of the contract are guaranteed, while the third year is a team option.
This year, Randle averaged a career-high 21.4 points. This was after he signed a two-year, $18 million deal with the New Orleans Pelicans. His deal with the Pelicans included a player option, which he declined earlier this summer. His decision ultimately led to his deal with the Knicks.
With the addition of Randle, the Knicks have roughly $51 million in cap space remaining. The Knicks have a chance to bring in other free agents in an attempt to build their roster. So, the Knicks could look at other free agents to sign throughout the summer.
While the Knicks did not land Kyrie Irving or Kevin Durant, they still signed a good player. With Randle and their first round pick in RJ Barrett, the Knicks are trying to move forward and become a potential contender. They are off to a nice start.