David Lee Reaches Agreement With Knicks

David Lee and the Knicks, who have gone back and forth all summer, have finally reached an agreement that will keep Lee in New York for at least one more season. According to Alan Hahn of Newsday, it is a one-year deal worth $7 million with a bonus of $1 million if the Knicks get into the playoffs.

It was also reported earlier today that the Knicks and Nate Robinson have reached a one-year deal worth over $2.5 million.

Singing Lee and Nate for one-year keeps the Knicks’ chances of signing a superstar in 2010 alive. The Knicks don’t have the financial flexibility to sign these guys for longer than a year if they want to be players in the 2010 free agent period.