The Knicks made another move in free agency Monday afternoon, agreeing with point guard Elfrid Payton on a two-year, $16 million contract, per ESPN's Tim Bontemps and multiple reports.
The deal, first reported by The Athletic, is the sixth acquisition by the Knicks since free agency began Sunday at 6 p.m. ET.
Payton, 25, will join his fourth team in three seasons. The 6-foot-4 Louisiana native was a lottery pick by the Magic in 2014, when current Knicks general manager Scott Perry was the assistant GM in Orlando.
Payton averaged 10.6 points and a career-best 7.6 assists this past season, his only year with the New Orleans Pelicans.
Signing Ellington and Payton isn't the completion of the star-studded free-agent class that Knicks imagined this summer, but it has turned into a hard-playing, professional group of veterans for coach David Fizdale.
Ellington, who averaged 10.3 points on 40.3% shooting with the Miami Heat and Detroit Pistons a year ago, joins Julius Randle, Bobby Portis, Reggie Bullock and Taj Gibson in a run of Knicks commitments in the first day of NBA free agency.
NBA free-agent contracts can't be officially signed until Saturday.