Restricted free agent Ron Baker has agreed to a two-year, $8.9 million deal to remain with the New York Knicks, according to ESPN's Adrian Wojnarowski. The deal includes a player-option in the second year.

The two sides had agreed in principle to a deal since the start of free agency, but were still ironing out the terms of the contract.

The Wichita State alum will head into his second season with a much heftier paycheck to show for in only his second year with the organization.

Baker was one of the college seniors Phil Jackson drafted in hopes of convincing to run the triangle offense, and proved to be an effective choice despite only playing in 52 games in 2016-17.

The 6-foot-4 shooting guard averaged only 4.1 points, 2.1 rebounds, and 1.9 assists during his limited floor time, but can develop into a better player having shown the tools to fit into the Knicks' system.

Baker is the second signing by New York this summer after agreeing to terms with restricted free agent Tim Hardaway Jr. for a four-year, $71 million deal which the Atlanta Hawks declined to match — raising the sum to a whopping $80 million spent at the shooting guard position this summer.