The New York Knicks have officially signed free agent shooting guard Ronnie Brewer to a one-year contract, as Jonah Ballow of NYKnicks.com reports. The 27-year-old had spent the past two years with the Chicago Bulls before becoming an unrestricted free agent this summer.
Brewer's 2012-2013 contract with the Bulls wasn't guaranteed, so the team opted not to retain the guard and pay him a $4.37 million salary. The Knicks have already used their mid-level exception and a sign-and-trade with the Bulls wasn't an option, so Brewer presumably signed for the veteran's minimum.
Given Brewer's experience, he'll likely make $1,069,509, as Luke Adams of HoopsRumors.com explains. In New York, Brewer will presumably split time with J.R. Smith at shooting guard while starter Iman Shumpert recovers from a torn ACL.