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Knicks officially sign PG Felton

Basketball Betting Lines

07/12/2010 - New York, NY (Sportsbook Betting Lines) - The New York Knicks made it official on Monday by signing free agent guard Raymond Felton.

Terms of the contract were not disclosed, but the New York Daily News previously reported its a three-year deal that could be worth $25 million for the five-year veteran.

"Raymond is a top point guard and someone we targeted during the free agency period," Knicks president of basketball operations Donnie Walsh said. "He is an all-around player, excelling on both sides of the court and a true professional."

The Knicks were looking for a point guard after Chris Duhon signed with the Orlando Magic.

Felton played in 80 games for Charlotte last season and averaged 12.1 points, 5.6 assists and 3.6 rebounds in helping the team reach the postseason for the first time in its existence.

The North Carolina product has spent his entire career with the Bobcats and has averaged 13.3 points, 6.4 assists and 3.4 rebounds per contest over 399 games, including 369 starts.

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GREENBURGH, N.Y. (AP) -Enough talk about the salary cap. The New York Knicks think they can win now.New York introduced new additions Raymond Felton, Anthony Randolph, Kelenna Azubuike and Ronny Turiaf on Monday. Not quite the same as showing off Le

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