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

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.

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.