UPDATE: The Knicks announced the signing of Galloway to a rest-of-season contract on Tuesday. The deal will give him some salary protection for 2015-16, which as of today is unknown.

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The second 10-day contract guard Langston Galloway signed with the New York Knicks expired Monday night, so as of Tuesday morning he is once again a free agent. The Knicks want to sign Galloway to a rest-of-season multi-year deal, but both sides are at an impasse. According to Shams Charania of RealGM.com, The Knicks and Galloway will resume negotiations on Tuesday.