New York Knicks to re-sign Steve Novak

May 6, 2012; New York, NY, USA; New York Knicks small forward Steve Novak (16) dribbles the ball against the Miami Heat during the second half of game four in the Eastern Conference quarterfinals of the 2012 NBA Playoffs at Madison Square Garden. Knicks won 89-87. Mandatory Credit: Debby Wong-US PRESSWIRE

One of the good stories of the 2011-12 season was the emergence of sharpshooter Steve Novak, who after being claimed off waivers and being buried on the bench half of the season became a fan favorite in the Big Apple.

The ruling to allow the Knicks to keep Jeremy Lin’s Bird rights was big because it also allowed them to keep the Bird rights of Novak, the NBA’s leading three-point shooter as well.

The Knicks and Steve Novak have agreed to terms on a new contract, according to agent Mark Bartelstein. Bartelstein says the deal, which is fully guaranteed, will pay Novak $15MM for four years.

NBA analyst David Aldridge confirmed the signing via Twitter.

Marc Berman of the New York Post reported last week that nearly a dozen teams expressed some interest in Novak on the first day of free agency, but said at the time that the Knicks felt good about their chances of re-signing the 29-year-old.

Novak was the only effective long-range shooter on the Knicks roster a season ago and while he didn’t have a particularly good postseason, Novak adds a weapon and some more depth to what should be a talented rotation for Knicks head coach Mike Woodson.

Topics: 2012 NBA Offseason, NBA, New York Knicks, Steve Novak

Want more from Buckets Over Broadway?  
Subscribe to FanSided Daily for your morning fix. Enter your email and stay in the know.