Free agent Austin Rivers has agreed to deal with Knicks, source tells ESPN. Update on Rivers' contract: Three years, $10M, source tells ESPN.

Source: Adrian Wojnarowski of ESPN

ANALYSIS: After spending the last season-and-a-half with the Houston Rockets, Rivers is likely headed for a larger role under Tom Thibodeau in New York. Rivers averaged 8.8 points per game on 35.6 percent from beyond the arc last year with Houston.