Steve Novak resigns… I mean re-signs! Re-signs! #keyhyphen
Multiple sores are reporting that the Knicks and Steve Novak have agreed to a new, four-year contract worth in the neighborhood of $15 million, with no options.
The talking sores are also reporting that I should really start wearing sunscreen if I plan on falling asleep at the beach for five hours or more.
News of the signing broke just as a shaving James Dolan crumpled up a wad of thousand dollar bills to use as a makeshift drainstop.
All ballyhoo aside, the contract — while not egregious in the $20-million-over-three-years-for-Landry Fields-sense — further proves what most have known for a while now: Guitar Jimmy is all in, luxury tax be damned.
Novak, who was grabbed off of waivers on December 21st of last year, averaged 16.8 points and 3.7 rebounds per 36 last year, and led the league in three point shooting at just south of 48%.
While Novak agent Mark Bertelstein had expressed vociferous interest in returning to New York since the end of last season, the Knicks’ precarious cap situation meant they were likely looking at choosing between the sharp-shooting journeyman and insta-offense specialist J.R. Smith.
However, after an arbitrator ruled last month that the language of the league’s new collective bargaining agreement would be amended to grant Novak and teammate Jeremy Lin so-called “Bird Rights” — essentially allowing New York to exceed the cap in order to sign them both — it was widely believed that the Knicks would make resigning both a top priority.
So there you have it! Seems like a little much to hand a near-30-year-old with a very limited — though highly-honed — skill set, but after watching Novak be able to buckle an invisible seat belt under both D’Antoni and Woodson, it seems like a relatively harmless gambit.
More details to come as they emerge.
Beyond his work for KnickerBlogger, Jim is a contributor to the New York Times Off the Dribble NBA blog, ESPN.com, and The Classical. He is currently working on a biography of Robert Silverman, titled "Clownin' and Astoundin.'" Follow him on Twitter @JPCavan.