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Knicks News: Matt Ryan Agrees to 2-Way Contract; Boo Buie Waived

Paul KasabianFeatured Columnist IIDecember 24, 2024

MINNEAPOLIS, MN -  DECEMBER 19:  Matt Ryan #37 of the New York Knicks shoots the ball during the game against the Minnesota Timberwolves on December 19, 2024 at Target Center in Minneapolis, Minnesota. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2024 NBAE (Photo by Jordan Johnson/NBAE via Getty Images)
Jordan Johnson/NBAE via Getty Images

After being waived on Sunday to make room for Landry Shamet on the roster, Matt Ryan has now re-signed with the New York Knicks on a two-way deal after clearing waivers.

NY Knicks PR @NY_KnicksPR

.<a href="https://twitter.com/nyknicks?ref_src=twsrc%5Etfw">@nyknicks</a> Sign Matt Ryan to a Two-Way Contract <a href="https://t.co/HytOO7hPfO">pic.twitter.com/HytOO7hPfO</a>

In a corresponding move, the Knicks waived guard Boo Buie.

Michael Scotto of HoopsHype previously reported the Knicks' intentions to re-sign Ryan to a two-way deal.

Michael Scotto @MikeAScotto

The New York Knicks intend to re-sign forward Matt Ryan to a two-way deal once he clears waivers, league sources told <a href="https://twitter.com/hoopshype?ref_src=twsrc%5Etfw">@hoopshype</a>. Ryan has shot 39.7 percent from 3-point range in his NBA career. The Knicks will waive Boo Buie to create a two-way spot for Ryan. <a href="https://t.co/WpGbhirVPB">pic.twitter.com/WpGbhirVPB</a>

Ryan was a local star who grew up in New York. He was born in White Plains and starred at Iona Prep in New Rochelle, where he became Mr. New York Basketball and was named a first-team Parade All-American.

Ryan is a well-traveled hooper who played college ball at three schools (Notre Dame, Vanderbilt and Chattanooga) and has suited up for five NBA teams (Boston Celtics, Los Angeles Lakers, Minnesota Timberwolves, New Orleans Pelicans and Knicks) in his four NBA seasons. He's also played for five G-League teams.

The 27-year-old has only averaged 10.4 minutes over his 72 games, but he's shot 39.7 percent from three-point range during that time, posting 4.1 PPG in the process. Ryan hasn't played much with the Knicks this year (45 minutes over nine games).

There may not be room for Ryan to carve out playing time on the active roster at the moment, but he'll certainly be getting time with the G-League's Westchester Knicks with the two-way deal.