Knicks, DiVincenzo officially agree to four-year contract

Four-years $50 million

That is the contract of the newest Knicks free agent signing Donte DiVincenzo.

Fred Katz of The Athletic summed up DiVincenzos’ per year figures pertaining to the new deal:

Donte DiVincenzo’s contract structure, per source:

2023-24: $10.9M
2024-25: $11.4M
2025-26: $12M
2026-27: $12.5M

Plus $750K in unlikely bonuses each season for LOTS of things, including DPOY, MVP, MIP, 6MOY and All-NBA.— Fred Katz (@FredKatz) July 9, 2023

The 26-year-old DiVincenzo will make $10.9 million in 2023-24 before jumping up an extra $1.