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Kristaps Porzingis, Knicks Agree to Contract: Latest Details, Comments, Reaction

Even though Kristaps Porzingis has already gone through summer-league games with the New York Knicks, the 19-year-old, who was taken fourth overall in June's draft, is now officially a member of the franchise after signing his rookie contract.

According to NBA.com, Knicks president Phil Jackson announced Thursday the team agreed to deals with both Porzingis and Jerian Grant.

While terms of the deal were not listed in the release, RealGM.com lists the two-year salary for the fourth overall pick in the draft as approximately $7 million. Grant will make roughly $2.