Report: Knicks, Derrick Williams agree to 2-year, $10-million deal

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Forward Derrick Williams has agreed to terms on a two-year deal with the New York Knicks worth $10 million, reports ESPN's Chris Broussard.

According to Broussard, the second year of the contract is a player option.

Williams spent the past two seasons with the Sacramento Kings. He averaged 8.3 points and 2.7 rebounds during the 2014-15 season.

The 24-year-old is likely looking for a new avenue to revive his career. After being selected with the second overall pick in the 2011 NBA Draft by the Minnesota Timberwolves - ahead of the likes of Golden State's Klay Thompson and Chicago's Jimmy Butler - Williams underachieved badly, and was traded to Sacramento in November 2013, in exchange for Luc Mbah a Moute.

Williams will likely compete for playing time off the team's bench. However, the Knicks are almost certainly hoping they can capture the immense potential he displayed during his collegiate career at Arizona.