The Knicks signed forward Cleanthony Early, their first draft pick under Phil Jackson.
Early was taken in the second round with the 34th pick after leading Wichita State to an undefeated regular season. The 6-foot-8 Early averaged 16.4 points last season.
A New York native, Early could serve as a backup to All-Star Carmelo Anthony.
Terms of the deal announced Friday were not disclosed.