Knicks sign Rasheed Wallace

Updated: October 3, 2012, 6:31 PM ET
By Ian Begley | ESPNNewYork.com

GREENBURGH, N.Y. -- The oldest team in the NBA just got a little older.

Veteran forward Rasheed Wallace officially has come out of retirement and signed with the New York Knicks, the team announced Wednesday.

According to a league source, Wallace signed a non-guaranteed contract for the veteran's minimum of $1.7 million.

Now, an important question remains -- just how much can Wallace give the Knicks? Coach Mike Woodson set the bar low for the 38-year-old veteran.

"It's ...

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