The New York Knicks have signed former No. 2 overall pick Michael Beasley to a one-year deal, as first reported by Basketball Insiders.
The contract will be worth $2.1 million, which is the veteran minimum for a player with nine years of service in the league.
Beasley also drew interest from at least one team in China earlier this summer, league sources told Basketball Insiders.
According to international journalist David Pick, Beasley was offered over $3 million to sign with Shandong. However, Shandong ultimately landed former NBA players Ty Lawson and Donatas Motiejunas, as Pick noted.
Beasley is expected to bring scoring off the bench for New York. The 28-year-old averaged 9.4 points in just 16.7 minutes per game for the Milwaukee Bucks last season, where he shot a career-high 53 percent from the field overall and 42 percent from beyond the arc.
Beasley previously played for five teams over the past nine seasons with career averages of 12.6 points and 4.7 rebounds in 23.5 minutes per game.
According to Bucks sources, Beasley was considered a good presence in the locker room, which may have played a role in the Knicks signing the forward, as the organization has been preaching a want to change its culture.
Earlier this week, the club named Craig Robinson the Vice President of Player Development. Robinson spent time with Beasley last season while serving in the same role for the Milwaukee Bucks.
With Beasley and the addition of point guard Ramon Sessions, the Knicks have 15 guaranteed contracts on the roster. Luke Kornet has a two-way deal with the team, leaving them with one two-way contract available to fill out the roster.
New York Knicks and former No. 2 overall pick Michael Beasley are nearing agreement on a one-year deal, a league source told @BBallInsiders.
— Michael Scotto (@MikeAScotto) August 8, 2017