Sources: Raymond Felton, Knicks close to deal

Posted Jul 10, 2010
he New York Knicks' consolation prize after missing out on LeBron James will be point guard Raymond Felton. Two league sources told ESPN.com that the Charlotte Bobcats' unrestricted free agent reached an agreement in principle Friday on the broad parameters of a contract. The length of the deal has not yet been agreed upon, but Felton will earn a starting salary in the $7 million range. (ESPN.com)

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