The Knicks acquired the former No. 1 overall pick from Toronto, hoping he can rally from a poor 2012-13 season and help them remain among the top teams in the Eastern Conference.
General manager Glen Grunwald says he thinks the opportunity to play in New York "will lend to him getting back on track to being the player that we all hoped he would be."
Bargnani battled an elbow injury last season and his scoring average dropped to just 12.7 points in 35 games. The 7-footer from Rome says he is healthy and excited to get to training camp.
The Knicks also announced Thursday the re-signing of top reserve J.R. Smith.