Leon Rose favorite Theo Pinson re-signs with Knicks

Guard Theo Pinson, who was waived on Thursday by the Knicks from his regular contract, was re-signed by the club Sunday to a two-way contract, according to ESPN’s Bobby Marks.

Pinson is known for his wingspan and defense. He played 33 games last season for the Brooklyn Nets before the Orlando restart. The 25-year-old shooting guard is considered a good locker-room presence.

It should be noted the 6-foot-5 former North Carolina guard is represented by Creative Artists Agency – which president Leon Rose formerly ran. According to a source, Rose is a big fan of Pinson’s and his first move as Knicks president was claiming Pinson off waivers and cutting Allonzo Trier to make room in late June.

The two-way contracts have gained more importance this pandemic season in a redone CBA. Two-way players can now participate in 50 regular-season games with no limits on practice time. In the past, two-way players could only be with the NBA team for 45 days.

However, with no standard G League season on tap, as first reported by The Post, the two-way players are essentially an extension of the 15-man roster. Point guard Jared Harper is their other two-way player.

The Knicks opened up a two-way slot for Pinson when last week they waived shot-blocking power forward Kenny Wooten.

It was believed newly signed undrafted free-agent guard Myles Powell would vie to become the two-way guy in training camp, but he now will have to outplay Pinson. Powell signed an Exhibit 10 deal that guarantees him $50,000 if he’s cut.

The Knicks traded away the 33rd pick in the draft on Thursday because they felt they didn’t want to waste a roster spot on any of the prospects left on the board despite having a two-way hole open.

The Knicks still have one roster spot left on the 15-man roster and $25 million left in cap space, factoring in either Elfrid Payton or Nerlens Noel taking the room exception.

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