What happened: Free agent Jordan Clarkson has agreed to a one-year, $3.9 million contract to return to the New York Knicks. The deal was reported to ESPN by Klutch Sports CEO Rich Paul and agent Brandon Cavanaugh.

Why it matters: The minimum agreement keeps an experienced backcourt piece on the roster for the upcoming 2026-27 title defense. Securing him at this figure helps New York maintain the financial flexibility required to stay below the league's second apron.

What to watch: The Knicks will continue rounding out their rotation ahead of training camp.