Watch CBS News

Cap-Conscious Knicks Sign Surprising Galloway To New Contract

NEW YORK (CBSNewYork) -- Langston Galloway is turning into a bright spot during an otherwise forgettable season for the Knicks.

And he's going to be around for a while.

Having just finished his second 10-day contract, Galloway signed a new contract with the Knicks on Tuesday, the team announced.

Though specific terms were not immediately known, the Knicks will reportedly give Galloway, who earned a shot in the NBA after making strides for the club's Developmental League team in Westchester, guaranteed money for the rest of the 2014-15 season and next season, ESPN New York reported.

The sides appeared to be at an impasse earlier Tuesday because the Knicks, who will potentially be $32 million under the salary cap for next season, did not want to give Galloway guaranteed money next season, the New York Post reported.

Galloway, a 6-foot-2 point guard out of St. Joseph's, is averaging 12.1 points ad 3.0 assists in the eight games he's played.

The Knicks are a dismal 8-37, but have won three of four.

Their game Monday night against visiting Sacramento was postponed due to the blizzard that hit the Tri-State Area. They will next play Wednesday night, at home against Oklahoma City.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.