Updated: July 31, 2009, 6:49 PM ET
Sources: Knicks win Williams rightsComment Email Print Share By Marc Stein
ESPN.com
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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 of Williams is separate from their well-chronicled interest in Milwaukee Bucks restricted free agent Ramon Sessions, who is soon expected to sign an offer sheet with the Knicks.
The Knicks didn't offer him a contract.