The New York Knicks and veteran guard Jordan Clarkson have agreed to a new one-year contract worth $3.9 million, according to league sources who spoke with HoopsHype.

The agreement keeps Clarkson in New York after Klutch Sports CEO Rich Paul and agent Brandon Cavanaugh worked with the Knicks over the terms of the new deal, ensuring the veteran scorer remains with the franchise for another season.

JUST IN: The New York Knicks and Jordan Clarkson have agreed to a one-year, $3.9 million deal, league sources told @hoopshype. Klutch Sports CEO Rich Paul and agent Brandon Cavanaugh worked with the Knicks to keep Clarkson in New York. pic.twitter.com/wKxei6w7FY