ESPN is reporting that Raymond Felton is closing in on a deal with the NY Knicks. They have a ton of money to throw around considering they only landed one of the major FAs this offseason.  The details:

Two league sources told ESPN.com that the Charlotte Bobcats' unrestricted free agent reached an agreement in principle Friday on the broad parameters of a contract.

The length of the deal has not yet been agreed upon, but Felton will earn a starting salary in the $7 million range.

While I had hoped Ray would stick around in Charlotte after his career season last year, it appears he's looking for a payday as well.  I for one am not willing to pay 7mil or more a year for Ray's services.

Cheers Ray, we've had some good times.....