The Knicks have their backup point guard in Brandon Jennings. Jennings' deal is one year and approximately $5 million, league sources confirm to ESPN. CSN Chicago first reported the terms. The Knicks will likely have to renounce their rights to free agents Derrick Williams, Lou Amundson, Sasha Vujacic and Kevin Seraphin to fit Jennings' deal into cap space. The club should still be able to sign restricted free agent Langston Galloway and free agent Lance Thomas by going over the cap to do so via the Early Bird exception.