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Knicks will reportedly sign Mario Hezonja

Orlando Magic v Detroit Pistons

AUBURN HILLS, MI - OCTOBER 28: Mario Hezonja #8 of the Orlando Magic while playing the Detroit Pistons at the Palace of Auburn Hills on October 28, 2016 in Auburn Hills, Michigan. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Gregory Shamus/Getty Images) *** Local Caption ***

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Not to be outdone by the fact that the Los Angeles Lakers signed LeBron James on Sunday afternoon, it was announced that the New York Knicks had come to terms with forward Mario Hezonja.

Man, free agency is getting wild.

Hezonja was the No. 5 overall pick in the 2015 NBA Draft selected by the Orlando Magic.

Via Twitter:

Hezonja will make an annual salary of $6.5 million, which is a bet on his talent as New York will continue to struggle in the Eastern Conference over the next few years.

The Knicks will likely be without Kristaps Porzingis for some time, and they aren’t looking to sign big name free agents this offseason. Now is the perfect opportunity to fill roster space with guys they think might turn out later on cheaper contract.

The Croatian wing hasn’t developed the way Orlando would have hoped after taking him with such a high lottery selection, but he does have some NBA skills the Knicks could benefit from.

Hezonja’s contract will put the Knicks right up against the salary cap, so it will be interesting to see if they are done dealing for now.