Knicks Confirm Stoudemire Buyout

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After 24 hours of speculation, the New York Knicks confirmed the waiver of veteran forward Amar’e Stoudemire this afternoon.

Stoudemire, who signed as a star free agent in 2010 for $100 million, was integral in helping the Knicks return to the playoffs after seven years of futility. Carmelo Anthony came mid-season and many expected the pair to be a dominant 1-2 punch in the coming years. Unfortunately, debilitating and recurring injuries to both knees kept Stoudemire sidelined for prolonged stretches.

Those injuries would force him to accept minute restrictions and a bench role. After averaging 25 points his first year in New York, Stoudemire’s production has fallen to 12 points the last two seasons.

“I will be forever grateful for the opportunity to contribute positively on the court and in the community,” Stoudemire said in a prepared statement. “Although I leave the Knicks with a heavy heart, I wish the organization the best of luck. Once a Knick always a Knick,”

Stoudemire also took to his Instagram to send out a farewell “poem” to fans.

NY NY what a beautiful city
A place where you can hang out with Anna, JayZ & Diddy

Its a place absent of excuses and patience
If your smart, you can meet leaders of every nation

NY NY big city of dreams
Everything in NY isnt always what it seems

In the land where the jungle is concrete
The money flows Dow Jones and Wall Street

Home of #STATcity and the #Knickstape Orginator,
Shalom to all my fans, Salute to all my haters.

Peace and Love
Amar’e Carsares Stoudemire Sr.

At press time, Stoudemire is seeking to join a championship contender with teams such as the San Antonio Spurs and Dallas Mavericks showing interest.

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This was the best move for all involved. With the team going nowhere this season and Amar’e’s health disqualifying him from getting another significant contract here, parting ways ASAP made perfect sense. This opens up the roster for the Knicks to call up one of their D-League prospects to get valuable NBA game experience, such as Thanasis Antetokounmpo.

Signing Stoudemire to $100 million was a huge gamble. Ultimately, it was disappointment due to Stat’s body not being able to hold up as a first option, and the fiscal constraints that contract put on acquiring new talent.

If you could go back in time, would you still sign Stat?

Knicks Waive Five Players, Retain Chris Smith

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With the regular season starting next week, the Knicks cleaned house yesterday with the waiving of five players: Ike Diogu, C.J. Leslie, Josh Powell, Jeremy Tyler, and Chris Douglas-Roberts.

The surprise among the cut players are Diogu and Tyler. The former played well in his limited minutes (7.2 points, 4 rebounds in 16. 2minutes) and provided a solid inside presence with his 6’8, 255 pound frame. The 6’10 Tyler, who was signed to a 2-year deal in August after a strong showing in the summer league, was unable to play this pre-season after suffering a right foot stress fracture in early September that’s sidelined him until late November.

With the Knicks’ constant rebounding issues, the team announced that they will “keep an eye” on Tyler once he’s healthy should he not sign elsewhere.

The waivers mean that Chris Smith, brother of JR Smith, has made the team despite registering playing time in just three games and averaging 1 point (14% shooting) and 1 rebound.

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I hope the Knicks have a plan because this looks bad on paper. Yes, we kept the 7-footer Cole Aldrich (who frankly was inconsistent this pre-season but has upside…), but the Diogu and Tyler cuts are baffling based on their play. I don’t have much hope Tyler will be available to resign during the season — serviceable and young big men are lacking and any team with sense will pick him up. Unless NY has an under the table deal in place, he’s possibly gone for good. And while Diogu wasn’t in the best shape, he gave a great effort in the post and was the only player outside of Melo that’s shown he could finish around the rim consistently.

As for JR’s brother, we know nepotism is the only reason he’s on the roster. I’ll hold my outrage if he’s cut and sent to the D-League. If he remains on the bench, it shows the organization has no vested interest in putting together a winning team. Roster spots, especially with our needs, are important and should be treated as such.

We’ll see how this plays out in the coming weeks. For now, there’s reason for concern.