Mike Watters-USA TODAY Sports

After being waived by the Magic yesterday, free agent shooting guard Dwayne Bacon appears to have joined a new Eastern Conference club. The Knicks are set to sign Bacon on a new deal, reports Tim Bontemps of ESPN (via Twitter).

Bobby Marks of ESPN adds (Twitter link) that the Knicks’ coffers currently include 14 guaranteed deals, one non-guaranteed contract (Argentinian point guard Luca Vildoza), and one player on a two-way contract (rookie forward Jericho Sims).

Bacon, 25, spent his first three NBA seasons with the Hornets and their NBAGL affiliate, the Greensboro Swarm. He then signed on with the Magic in 2020, proving his durability by appearing in every single game for Orlando during the 72-game 2020/21 NBA season, including 50 starts. He averaged 10.9 PPG, 3.1 RPG, 1.3 APG and 0.6 SPG in 25.7 MPG for a lottery-bound Orlando squad. Bacon sported a slash line of .402/.285/.824.

More must-reads:

TODAY'S BEST
Former Red Wings head coach linked to open NHL job
How Patriots' Drake Maye has already impressed Jacoby Brissett
LeBron James, Giannis Antetokounmpo, Stephen Curry among Forbes' highest-paid athletes for 2024
Steve Cohen addresses if Mets could again be trade-deadline sellers
Tiger Woods ruins strong first round with sloppy finish at PGA Championship
Xander Schauffele makes history in first round of PGA Championship
NFL responds to speculation about Chiefs schedule and Taylor Swift
Despite hopes for change, NASCAR championship weekend will return to Phoenix in 2025
Chiefs will achieve something not done since 1927 with 2024 schedule
Caitlin Clark's debut was most-watched WNBA game in more than 20 years
Yankees' Aaron Judge comments on resurgence after bad slump
Odell Beckham Jr. reveals why he was 'hesitant' to join Dolphins
Lakers reportedly interested in adding three-time All-Star via trade
Luka Doncic fed off negative reactions in Game 5 win over Thunder
Celtics finally put away undermanned Cavaliers, advance to conference finals
Avalanche force Game 6 with big third period vs. Stars
MLB announces punishment for Astros' Ronel Blanco over foreign substance
Vikings HC shares big Justin Jefferson contract update
Rafael Nadal switches gears, gives major update on French Open status
DeMar DeRozan confirms desire to return to Bulls