According to the Chicago Sun Times, Jamal Crawford is a Knick. The deal is exactly as reported a few days ago, and Crawford accepted a 7 year $55M dollar deal. New York acquires Crawford and Williams for Frank Williams, Othella Harrington, Dekembe Mutombo, and Cezary Trybanski. Frank Williams played well in New York before Marbury came over, who took away most of his minutes. Williams will compete against #3 overall pick Ben Gordan for backup minutes to Hinrich. The other three players total about $9M in expiring contracts for Chicago.
In Crawford, New York gets insurance for Allan Houston, and I’m guessing will be his eventual replacement. (Or else why would the Knicks sign him for so long?) Crawford isn’t nearly the shooter that Houston is, but is able to play the point as well. Williams is a rebounding PF, and you don’t want him taking any outside shots (32% jump shooter, 64% career FT%). The Knicks aren’t done yet, as now they’re turning their attention to acquiring Dampier.