Tyson Chandler will indeed sign a free agent contract with the New York Knicks on Friday, reports Howard Beck of the New York Times. Beck reports that to make space under the salary cap for Chandler, the Knicks will waive Chauncey Billups under the amnesty clause ratified as a part of the new collective bargaining agreement.
The Knicks will also trade center Ronny Turiaf to an unnamed team.
Chandler helped the Dallas Mavericks win the NBA championship last season, and has spent time with the Chicago Bulls, New Orleans Hornets and Charlotte Bobcats. The Knicks were believed to be skipping the 2011 free agent period to save room for the 2012 class, which includes coveted point guard Chris Paul and center Dwight Howard. Apparently, that has gone out of the window; there's no way that the Knicks can fit anything close to another star player under the salary cap without trading Carmelo Anthony or Amar'e Stoudemire or said star taking an incredible haircut.
For more on the Knicks, visit Posting And Toasting.