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Source: Knicks Wanted to Re-Sign Kevin Seraphin

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The Knicks wanted to re-sign center Kevin Seraphin, according to a source, but were outbid.

The two-year contract Seraphin received Thursday from the rival Pacers starts at $2 million annually, according to a source, with only the first year fully guaranteed. The Knicks only were able to give Seraphin $1.2 million, the minimum for a player with six years of service.

Source: Marc Berman of the New York Post

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