Tyson Chandler has officially announced that he will be signing with the New York Knicks. The 29 year-old center has been one of this offseason's more coveted prizes, after playing a key role in the Dallas Mavericks championship run last season. Although the specific details of the deal have not been released, the New York Times is reporting that the deal is for 4 years, and approximately 58 million dollars.

Chandler brings an interior defensive presence to a Knicks team that could sorely use it. The 7-foot-1 big man finished 3rd in the Defensive Player of the Year voting last season while averaging 10.1 points and 9.4 rebounds a game. In addition to providing stellar defensive on the post, Chandler's presence is expected to allow the coaching staff to find more rest for star Power Forward Amare Stoudemire, who has suffered from knee and back aliments in past seasons.

In order to free up cap room to complete the deal, it is expected that the Knicks will amnesty starting point guard Chauncey Billups, who came over from Denver last season in the Carmelo Anthony trade. Sources say that the Knicks are eyeing Cleveland's Baron Davis as a potential replacement, assuming Davis is amnestied as well.