After much speculation, Donnie Walsh announced that the Knicks signed a familiar face, Jared Jeffries, following his buyout with the Rockets.
Jeffries, who previously played three and a half seasons in New York, was traded in last season's deadline deal that cleared cap space for the likes of Raymond Felton and company.
Although having struggled to live up to the big contract he was rewarded upon signing with the Knicks in 2006, Jeffries began to come into his own last season under Coach D'Antoni, being the team's defensive stopper and a league-leader in charges taken through 52 games.
Jeffries mentioned that after talking with former Wizards teammate Michael Jordan, he will don number 9 (in honor of MJ's Olympic number) when he takes the court for the Knicks during his second stint in orange and blue.
The Knicks also claimed Derrick Brown off waivers from the Bobcats. Charlotte hoped to re-sign Brown after he cleared waivers, but the Knicks had other plans. New York views Brown as a young forward and asset with potential for the future. No word on if he will yet see minutes in the team's upcoming games.
To make room for their two newest additions, the Knicks bought out Corey Brewer (acquired in the Carmelo Anthony trade), who although averaging 8.6 points and 1.6 steals for the Timberwolves through 56 games, never saw the court for the Knicks. The team also parted ways with Kelenna Azubuike, whom nearly all season was labeled as "close" to returning from a knee injury that made him sit out the entire season, as well as much of last season too. Apparently he wasn't close enough, or if he was, the Knicks did not view him as much of an asset moving forward this season.