The Knicks have been making moves since the start of NBA free agency.
AP sources say point guard Derrick Rose is returning to the team on a three-year, $43 million deal.
Shooting guard Evan Fournier agreed to a $78 million, four-year deal with the Knicks.
Fournier had a brief conversation with Knick coach Tom Thibodeau to let him know his decision.
Associated Press wires contributed to this report.