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Sources: Knicks win Williams rights

Updated: July 31, 2009, 6:49 PM ET
By Marc Stein | ESPN.com

The New York Knicks have been awarded exclusive rights to negotiate with veteran guard Jason Williams through Aug. 6 after putting in a waiver claim Friday, according to NBA front-office sources.

All 30 teams were notified Friday that the Knicks will have five business days, until next Thursday, to offer Williams a contract. Without an offer in that time frame that meets league guidelines, Williams would then become an unrestricted free agent.

It is believed that the Knicks' pursuit ...

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