New York Knicks Re-Sign Pablo Prigioni to Three Year, $6 Million Dollar Contract

May 16, 2013; New York, NY, USA; New York Knicks point guard Pablo Prigioni (9) strips the ball from Indiana Pacers point guard D.J. Augustin (14) during the third quarter of game five in the second round of the 2013 NBA Playoffs at Madison Square Garden. Knicks won 85-75. Mandatory Credit: Anthony Gruppuso-USA TODAY Sports

Earlier this morning it was reported that the New York Knicks and point guard Pablo Prigioni were near a two year contract, but it’s being reported by the New York Daily News that the contract will be three years in length, though the final year will not be guaranteed.

Per Frank Isola:

The Pope stays. Pablo Prigioni, as expected, agrees to three year extension with the Knicks. First two are guaranteed.

There’s been no word if the final year is partially guaranteed or if Prigioni would need to be released by a particular date to avoid the contract kicking in..

It’s a solid move for the Knicks who desperately needed guard depth after losing Jason Kidd earlier this offseason.

Prigioni brings a veteran floor leadership as demonstrated by his +8 points per 100 possessions for the Knicks last year, the highest number for any member of the squad. Of course, there are concerns about breaking down/injury risk considering his age (he’s 36), but it’s a relatively cheap deal that should prove well over it’s value for the Knickerbockers.

Topics: NBA Free Agency, New York Knicks, Pablo Prigioni

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