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Sources: Lee to receive 1-year deal

Updated: September 4, 2009, 4:45 PM ET
By Andrew Marchand | ESPN.com

The New York Knicks expect to sign restricted free agent David Lee to a one-year contract at some point after Labor Day, officials familiar with the talks said Friday.

Knicks president Donnie Walsh said he doesn't think a Lee sign-and-trade is possible. Even though the Knicks like Lee, Walsh said he is not interested in signing the forward to a long-term contract at this point; he wants to maintain as much payroll flexibility as possible for next summer, when LeBron James, Chris Bosh ...

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