The New York Knickerbockers President of Basketball Operations Donnie Walsh announced today that free agent guard/forward Dan Grunfeld has been signed to a contract. As per club policy, terms of the deal will not be disclosed.

InsideHoops.com editor says: This contract is so nonguaranteed it was probably written on a napkin. It’s a training camp signing. And here’s more on the news:

Grunfeld, 6-6, 215-pounds, was undrafted out of Stanford University and spent the last two seasons playing overseas. The River Hills, WI native spent the 2007-08 season in Spain, where he averaged 14.7 points and 3.3 rebounds for Aguas De Valencia. Grunfeld averaged 12.1 points and 3.9 rebounds per game for Oldenburg in Germany during the 2006-07 campaign. As a collegian, Grunfeld played four years at Stanford, highlighted by his junior season in 2004-05 when he earned First Team All-Pacific 10 Conference honors after averaging 17.9 points per game.

Grunfeld is the son of current Washington Wizards president, Ernie Grunfeld. The older Grunfeld was a part of the Knicks organization for over 17 years as a player (1982-86), broadcaster (1986-1989), assistant coach (1989-1990) and general manager (1991-1999).