Rookie swingman Allonzo Trier has been balling out for the New York Knicks this season. With his two-way deal expiring soon, New York could offer its biannual exception or a small part of its mid-level exception to negotiate a standard deal with Trier.

Stefan Bondy of the New York Daily News tweeted out these interesting options for the Knicks:

According to ESPN’s Bobby Marks, the Knicks have their two-year biannual exception and a small part of their midlevel exception to use in negotiations with Allonzo Trier. Trier’s two-way deal expires in mid-December.

The 6-foot-5 shooting guard has been this year's version of the unheralded and undrafted excellent rookie. He is averaging 11.8 points, 3.2 rebounds and 1.8 assists while playing 23.9 minutes each night. Trier has an outstanding knack for fishing fouls, as evident when he attempted 12 free throws in a game against the Detroit Pistons. He finished with a stat line of 24 points, 10 rebounds and seven assists.

More importantly, Trier has shown glimpses that he can be a brilliant all-around player for the Knicks. He has outclassed Knicks lottery pick Kevin Knox in both minutes and quality of play. He has quickly earned head coach David Fizdale's trust, something that is hard to come by, especially for undrafted rookies like him.

Trier also barely missed the cut of NBA.com's Rookie Ladder, an amazing feat for a player who got passed up 60 times during the draft. The Knicks certainly found a diamond in the rough.