The New York Knicks have claimed veteran shooter Steve Novak off of waivers, the team announced on Wednesday night.
Novak signed for the veteran's minimum of $1.4 million, according to a source.
The 6-10 forward was released by the San Antonio Spurs on Monday.
Novak has made 41.7% of his three-point attempts over five years in the NBA but is limited on defense.
Last season, he made 23 of his 42 attempts for San Antonio.
Mike D'Antoni was asked what Novak brings to the Knicks.
"A shooter; he'll space the floor," D'Antoni said before the signing was announced. "... You can't have too many shooters."
The Knicks had been searching for a tall shooter to replace Shawne Williams, who signed with the Nets last week. Williams hit 40% of his three-point shots last year.
The Knicks still have the $2.5 million "room" exception and can use it to add another free agent. They had shown interest in James Posey earlier in the week, though D'Antoni hinted that the team was not interested in the veteran forward on Tuesday. They also have reportedly shown interest in Al Thornton and Bostjan Nachbar, among others.
"We still have [the exception] so I think we'll just keep watching and seeing. ... I don't know what [interim GM] Glen [Grunwald] will do. He'll keep watching and if something makes sense, we're not against doing something. But I don't see anything in the foreseeable future," D'Antoni said.
The Knicks may choose to hold on to the exception and use it on one of the NBA players overseas. By all accounts, players in the Chinese Basketball Association will not be permitted to sign with an NBA team until their Chinese Basketball Association team's season is over.
Wilson Chandler, J.R. Smith, Kenyon Martin and Aaron Brooks signed deals to play with CBA teams during the lockout.
Chandler, a former Knick, is a restricted free agent, as is Brooks. Smith is an unrestricted free agent. Martin, who reportedly agreed to a buyout agreement with his club on Tuesday, is also an unrestricted free agent.
"That's a good question," D'Antoni said when asked about the possibility of saving the exception for one of the overseas players. "Again, Glen is going to evaluate it."
D'Antoni said the Knicks don't have a particular need at this point, but added, "if we can better the roster, then we'll do that."
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