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The New York Knickerbockers President of Basketball Operations Donnie Walsh announced today that guard Cuttino Mobley has been waived.
(Yes, this really did just happen today — on April 5, 2010.)
Mobley, 6-4, 215-pounds, was acquired from the L.A. Clippers in a four-player trade on Nov. 21, 2008. On Dec. 11, 2008, he announced his retirement.
ESPN reports:
Sources told ESPN.com that the Knicks were notified last week that their request for Mobley’s $9.5 million salary to be erased from their 2009-10 tax bill has been approved… Once Mobley clears waivers later this week, New York will see its luxury-tax bill for July drop from nearly $15 million to $5.1 million. That will also reduce the rebate that teams get for staying underneath the league’s $69.9 million luxury-tax threshhold from just over $4 million to $3.7 million.
The Knicks roster stands at 14 players.
