Knicks Sign, Waive Phillip Carr

OCTOBER 3: Having secured his G League rights for Westchester, the Knicks have now waived Carr, the team announced today (via Twitter).

OCTOBER 2: The Knicks have signed Phillip Carr, according to the team’s Twitter feed. Ian Begley of ESPN.com reports (Twitter link) that the contract is likely an Exhibit 10 deal.

Contracts with the Exhibit 10 clause are worth the league’s minimum salary and don’t come with any compensation protection. They can include a bonus in the $5K to $50K range for players should the team waive them and they sign with the team’s G League affiliate and remain there for 60 days.

Carr is likely to spend most of his 2018/19 season with the Westchester Knicks. The forward played for Morgan State over the past three seasons, scoring 13.4 points per game. He was not selected in the 2018 draft.

Having signed Carr, the Knicks once again have a full 20-man roster. That means that reported agreements with John Jenkins and Jeff Coby remain on hold for now.

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