Veteran point guard Beno Udrih has decided to sign a one-year, $1.27 million contract with the New York Knicks, according to Al Iannazzone of Newsday. Udrih had scheduled a face-to-face meeting with the Memphis Grizzlies to discuss a possible deal, but he cancelled the meeting on Thursday and elected to sign with the Knicks, according to Marc Stein of ESPN. Udrih will join Raymond Felton and Pablo Prigioni in New York's point guard rotation.
Udrih has established himself as a reliable lead guard capable of running an offense and adding value with the little things he does on both ends of the floor. At the veteran's minimum, Udrih will provide good value for the Knicks. He was likely seeking a bigger pay day on the open market as a backup guard, and the new deal represents a significant pay cut from his $7 million salary in 2012-13, but his new opportunity in New York should help him increase his value for next summer. Udrih has averaged 9.1 points, 3.6 assists and 2.2 rebounds per game over nine NBA seasons.
Seth Rosenthal of Knicks blog Posting and Toasting likes the deal for both parties:
"A one-year deal makes sense for Udrih-- allowing him to take another shot at getting paid next season-- while a veteran's minimum signing feels like splendid value for the Knicks. We don't know if Mike Woodson wants to keep playing point guards in tandem, but if he does, Udrih fits that plan quite nicely as a decent-sized guard who can handle, distribute, and shoot a bit (though, as Mike Prada pointed out, his outside accuracy has fluctuated in recent years). Especially for the minimum, Udrih is a solid replacement for Jason Kidd: not much of a defender and not as useful as a rebounder, but still creative, way more likely to make something happen off the dribble, and hopefully more durable. Udrih's also a lefty, so we get to hear Clyde exclaim "southpaw!" almost as frequently as he calls the new guy "Uterus"."
The Knicks now have 14 players under contract for 2013-14, and here's where they stand in terms of the NBA salary cap and luxury tax:
Cap hit on Udrih is less than 900K for Knicks but takes them more than $16M beyond tax threshold. So 2013-14 NYK tax bill up to $32,341,250— Marc Stein (@ESPNSteinLine) August 8, 2013