Terms of the deal were not disclosed, but is thought to be in the 6yr/$100M range.
Official press release:
NEW YORK, October 10, 2007 ? New York Knickerbockers President of Basketball Operations and Head Coach Isiah Thomas announced today that guard Allan Houston has been re-signed as a free agent after a two-season absence from the court.
“After much thought and prayer, I have decided to return to the NBA as a member of the New York Knicks. I have worked extremely hard in the last year and a half to accomplish my dream of playing in the NBA again,” Houston said.
?After my wife and I were blessed with the birth of our fourth child last week, I realized that New York is where I am supposed to be, and the Knick uniform is the one I want to wear. I have seen the Garden in some of its best moments, and I truly believe that this team is on the verge of experiencing that again. This team is hungry and energetic. I hope to contribute in the weeks and months ahead.
?Thank you to all of the Knick fans and those that have supported me. I will always be a Knick, and I am committed to helping this team compete for a championship.”
Originally retiring on Oct. 17, 2005 following training camp two seasons ago, Houston is the team?s fourth leading scorer in franchise history during the regular season (11,165) and eighth leading scorer during the playoffs (1,139). Only NBA legends Patrick Ewing, Walt ?Clyde? Frazier and Willis Reed have scored more points during their regular season careers with the orange and blue. On Oct. 4, 1999, he was named a team captain, and held that title for six seasons. He was selected to be a member of the 2000 and 2001 NBA All-Star teams and was a member of the Gold medal-winning United States team at the 2000 Summer Olympic Games in Sydney.
On May 16, 1999, the Louisville, KY native authored one of the most memorable shots in club history with a game-winning runner at Miami in the closing seconds of Game Five in the first round of the 1999 NBA Playoffs. After defeating the Heat, the Knicks went on to defeat the Atlanta Hawks in the conference semifinals and Indiana Pacers in the conference finals to make their first NBA Finals appearance since 1994.
The preseason roster is now at 20.