4:42pm: Sanchez has officially signed with the team, the Knicks announced.

2:01pm: The deal is partially guaranteed, as Zagoria reports.

1:36pm: The Knicks have a deal with undrafted St. John’s power forward Orlando Sanchez, agent Brian J. Bass tweets. Bass indicates that Sanchez has a signed contract with the team, though the Knicks have yet to make any formal announcement. The terms aren’t immediately clear, but it’ll have to be a minimum-salary contract, since that’s all the Knicks can offer, and perhaps there’s a partial guarantee attached. It’s a one-year deal, tweets Adam Zagoria of SNY.tv.

Sanchez, 26, played just one season of college ball, having put up 7.4 points, 5.6 rebounds and 1.1 blocks in 22.3 minutes per game. He didn’t stand much chance of hearing his name called on draft night, but he had predraft workouts with the Kings, Pacers and Sixers. The 6’8″ Sanchez averaged 2.2 PPG and 2.5 RPG in nearly 11 minutes per game with the Dominican Republic team in the recent FIBA World Cup.

The Knicks had been carrying 14 fully guaranteed deals and three more with partial guarantees. Samuel Dalembert has one of those partial guarantees, so there will be little opportunity for Sanchez to make the opening-night roster.