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Bacon and the Knicks agreed to terms on a contract Monday, Tim Bontemps of ESPN reports.

Bacon spent last season in Orlando, where he appeared in all 72 games and averaged 10.9 points, 3.1 rebounds and 1.3 assists in 25.7 minutes per contest -- all career highs. The Florida State product will now head to a much deeper and more talented Knicks roster, so it's likely that he'll fill a reduced role off the bench. The four-year veteran will compete with Alec Burks, Evan Fournier, Kevin Knox and rookie Quentin Grimes for minutes.

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