Langston Galloway will remain a New York Knick.
Jan. 27 – NY Knickerbockers announced today that the team has signed Langston Galloway for the remainder of season. pic.twitter.com/zxULwxNe06— NY_KnicksPR (@NY_KnicksPR) January 27, 2015
The guard with the freakishly long arms, nose for offensive rebounds, and penchant for clutch threes has been signed to a deal for the remainder of this season and next season, per Adam Zagoria:
This may be the first time in human history that the Knicks found an under-the-radar contributor and were smart enough to include that second year. We're learning, rest of the NBA!
Ah, but what of the cap space? We needs the cap space! Well, good news -- it appears that next year's contract is only partially guaranteed:
Langston Galloway's contract terms for next season: Partially guaranteed, source tells RealGM. He'll remain in New York.— Shams Charania (@ShamsCharania) January 27, 2015
Pablo Prigioni's 2015-16 contract is also partially guaranteed, so the Knicks could potentially cut them both, save thousands of dollars, and be even less likable.
For now, though, it's nice to have this kid on board. He plays basketball good.
League minimum, partially guaranteed.
2nd year of #Knicks' deal w/Langston Galloway is $850,000, which is the minimum for a 2nd-yr player, per source. It's partially guaranteed.— Ian Begley (@IanBegley) January 27, 2015
According to a source, if Galloway is still with the Knicks July 1, he is guaranteed to receive $275,000. If he is not waived by the start of training camp, he will be guaranteed well more than half of the $845,000.