The Knicks will sign Theo Pinson to a two-way contract, per Bobby Marks of ESPN.
New York claimed Pinson off waivers in June, but he became a free agent on Thursday when the Knicks turned down their team option for 2020-21.
The 25-year-old shooting guard spent the past two years with the Nets. He got into 33 games last season, averaging 3.6 points in about 11 minutes per night.
The Knicks created a two-way opening by waiving Kenny Wooten earlier this week. They made a qualifying offer to Jared Harper, who could return to fill the other two-way slot.
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