Ryan, a New York native and former Iona Prep standout, has been bouncing between the NBA and G League this season, winning the Winter Showcase with the Westchester Knicks on Sunday. While his minutes with the New York Knicks have been sparse—he averaged just 1.

After being waived on Sunday to make room for Landry Shamet on the roster, Matt Ryan has now re-signed with the New York Knicks on a two-way deal

Michael Scotto: The New York Knicks intend to re-sign forward Matt Ryan to a two-way deal once he clears waivers, league sources told @hoopshype . Ryan has shot 39.7 percent from 3-point range in his NBA career. The Knicks will waive Boo Buie to create a two-way spot for Ryan.