Knicks and Elfrid Payton agree to contract

The Knicks and Elfrid Payton said their goodbyes, then quickly said “just kidding.” Here’s the New York Post:

After waving him on Thursday, the Knicks are set to re-sign Payton on a one-year, $5 million deal to fill the team’s hole at point guard, The Post’s Marc Berman confirmed.

Payton becomes the Knicks’ second signing since free agency began, joining swingman Alec Burks, who agreed to a one-year, $6 million deal on Friday night.

Last year, after signing a two-year, $16 million deal to join the Knicks, Payton started 36 games and averaged 10 points, 7.2 assists and 4.7 rebounds.

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