Knicks waive Ricky Ledo

New York Knicks President Phil Jackson announced today that the team has waived guard Ricky Ledo.

Ledo, 6-7, 195-pounds, averaged 7.4 points, 2.8 rebounds and 1.5 assists over 19.4 minutes in 12 games with New York last season. He signed the first of two consecutive 10-day contracts on Mar. 19 and then signed for the remainder of the season on Apr. 8.