Marc Berman of the New York Post reports that Lee Nailon may have finally found a home. After being re-signed, then waived by the Hornets, he has agreed in principal to a one-year contract with the Knicks. The team waived Toby Bailey to open a roster spot for Nailon. The signing is expected to be announced today.

The addition of Nailon could mean the end of Latrell Sprewell’s tenure as a Knick. Nailon and Sprewell play the same position, but Nailon is bigger, younger and less expensive.

Nailon traveled to New York after talking with coach Don Chaney. It is believed that he agreed to a one-year deal worth between $850,000 and $900,000. He did not travel to the team to Detroit but may be present at today’s shootaround.

The Knicks were interested in signing Nailon during the summer but held off because they expected Sprewell to play the small forward position. There were upset to learn that Sprewell had broken his hand during the offseason. They were more upset because they learned of the injury one day after Nailon had re-signed a deal with the Hornets.

Via

New York Knicks, New Orleans Hornets

Read the Full Story Discuss Send Feedback Buy Tickets