The New York Knicks will sign Henry Ellenson to a two-year deal once his 10-day contract expires.

Ellenson's deal with the Knicks will include a team option for the 19-20 season.

Ellenson was waived by the Detroit Pistons in early February.

Kristaps Porzingis was wary of potentially having to share the spotlight with Kevin Durant if Durant were to have signed with the New York Knicks this summer, according to Zach Lowe.

"I’m confident after talking to a lot of people, I don't think he was psyched about playing with Durant. I don't know how directly that was verbalized to the Knicks, but I'm confident that it wasn't something that was like his Plan A," said Lowe on a recent podcast.

Lowe added that Porzingis "wanted to be the face of the franchise" in New York before eventually getting traded to the Mavericks. 

The New York Knicks have agreed to sign John Jenkins to a two-year contract.

Jenkins was previously with the Washington Wizards this season, though he did participate in training camp with the Knicks.

Jenkins has averaged 10.5 points, 2.5 rebounds and 1.5 assists in 17.5 minutes over his first two games with the Knicks.

Madison Square Garden has denied speculation from Bill Simmons of The Ringer that James Dolan has interest in selling the New York Knicks. Simmons said Dolan was "courting offers for the Knicks."

The Madison Square Garden Company said in a statement that "the story is 100 percent false."

Dolan said in an interview with ESPN's Ian O'Connor late last year that he couldn't rule out selling the Knicks if the right offer came along.

Dolan took over as chairman of Madison Square Garden in 1999. 

The Knicks are believed to be worth $4 billion.

Kristaps Porzingis had a wish list of four teams for a potential trade with the Dallas Mavericks omitted. 

Porzingis had the Brooklyn Nets, Los Angeles Clippers, Miami Heat and Toronto Raptors on his list, according to two people with knowledge of the list.

The initial reporting following the trade indicated that Porzingis planned to sign the qualifying offer with the Mavericks as a restricted free agent. Comments made since then have suggested a long-term deal between the Mavericks and Porzingis now has a better probability. 

The New York Knicks attempted to engage the Sacramento Kings on a trade for Marvin Bagley III in addition to De'Aaron Fox as they gauged the market for Kristaps Porzingis.

The Kings were not interested in discussing a deal involving Bagley for Porzingis.

The Knicks ultimately traded Porzingis to the Dallas Mavericks in a package that included Dennis Smith Jr.

Bagley was the No. 2 overall pick in the 2018 NBA Draft, selected ahead of Luka Doncic.

Kevin Durant has used his basketball career, fame and capital to participate in a number of business ventures.

"My platform is hoops," Durant said. "Billions of people are watching, so why not leverage it to do the cool stuff that we like to do?"

Durant has been working with Rich Kleiman for the past six years. They have invested in 50 companies as Thirty Five Ventures, including Postmates and a drone company called Skydio.

Durant and Kleiman refer to each other as "my best friend" and sometimes even "brother."

"We just met at, like, the perfect point," Durant said of Kleiman. "We both hit our peaks at the same time."

Thirty Five Ventures has 10 employees at the moment and is moving into a new office building in New York City.

Durant will be a free agent this offseason and has been linked in the media with the New York Knicks.

The New York Knicks used an image of Mitchell Robinson alongside Kevin Durant in a pitch to season ticket holders to renew, but later deleted the photo to avoid the perception that there was an ulterior motive using Durant's image.

Durant will be a free agent this offseason and the Knicks are expected to pursue him.

"Game action photos are used all the time for marketing purposes, but given everything going on, we took the precaution of taking the photo down," the Knicks said in a statement Sunday night. "To be clear, it was one of several rotating photos on the website."

Knicks are asking season ticket holders for renewals by Feb 28 and using this image to get them to opt in. @IanBegley @SBondyNYDN @Schmeelk @TommyBeer pic.twitter.com/Rz3oPZnZMW

— Paul (@Paul_HQ) February 10, 2019

The New York Knicks are worth $4 billion, making them the most valuable team in the NBA according to a recent study from Forbes.

The average NBA team is worth $1.9 billion, which is up 13% from last year and three times the amount from 5 years ago. Local TV deals and new stadiums have played a significant role in increasing a team's value. The Bucks, who opened a new arena this season, have increased their value 145% to $1.35 billion since new ownership bought the team in 2014.

The Warriors have increased their value by 367% over the last 5 years. The Jazz made the most revenue per fan at $101. 

The Cavs were the only team to lose money and decline in value last year, according to the study.

John Jenkins has signed a 10-day contract with the New York Knicks.

Jenkins had most recently signed a 10-day contract with the Wizards on January 30th.