Source says Mike Bibby will indeed sign a one-year, minimum deal with New York.
In the past few hours the Knicks have gone from Chauncey Billups at 14 million to Mike Bibby at the league minimum. They've also signed the defensive anchor of last year's championship Dallas Mavericks in Tyson Chandler.
The 33 year-old Bibby is no where near his prime anymore, but serves as a nice spot-up shooter/veteran on a team full of offensive weapons – namely Carmelo Anthony and Amar'e Stoudemire – who can create open shots for teammates. Bibby spent last season in a similar situation with the Miami Heat. He played 22 regular season games with the team, starting 12 of them, and appeared in 20 playoff games.
He averaged 7.3 points per game with the Heat in the regular season, and 3.7 points in the playoffs.