Sources confirmed to The New York Times that the Knicks are close to an agreement on a one-year deal with Nate Robinson.

The contract will pay the restricted free-agent guard between $5 and $6 million, according to the source.

New York is thrilled with the negotiations because they would be able to keep Robinson for another season without using up any of their cap space in 2010.

The deal, which is expected to be finalized at some point this week, would allow Robinson to become an unrestricted free agent this summer.

Signing Robinson would likely end New York's quest for Milwaukee restricted free-agent Ramon Sessions.