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NBA free agency 2021: Why adding Kemba Walker is a major coup for the New York Knicks

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Max: Kemba signing doesn't raise Knicks' ceiling (1:30)

Max Kellerman explains why the Knicks won't be championship contenders even after signing Kemba Walker. (1:30)

How does adding Kemba Walker change the outlook for the New York Knicks?

ESPN's Adrian Wojnarowski reported Wednesday morning that Walker had reached a buyout agreement with the Oklahoma City Thunder and plans to sign with the Knicks -- a homecoming for the Bronx native -- after clearing waivers.

Can Walker, 31, revitalize his career in Madison Square Garden after two injury-marred seasons with the Boston Celtics? Why would the Thunder agree to a buyout with Walker rather than waiting to try to trade him?

Let's take a look at this surprising transaction.