New York Knicks guard Allonzo Trier -- a rookie revelation on a two-way contract --- has agreed to a two-year, $7 million contract with a team option for the second year, sources told ESPN on Wednesday.
The Knicks were rapidly closing on 45 days of allowable NBA service under Trier's two-way deal, clearing the way for general manager Scott Perry to negotiate use of the team's full bi-annual exception over the next seasons.
Trier will earn nearly $3.4 million this season and $3.5 million in 2019-20 under the bi-annual exception.
Trier, 22, is signing the biggest contract to emerge out of the brief history of the two-way contract format -- and possibly the biggest contract ever for an undrafted rookie fresh out of college.