Knicks give up Wayne Selden | Rumors of hoops
the Knicks have placed a veteran shooting guard Wayne selden on waivers, league sources tell Fred Katz of The Athletic (Twitter link).
The team needed to open a spot on the roster in order to complete their acquisition of Denzel valentine and Selden was the most expendable player on the roster, as his minimum wage contract isn’t fully guaranteed.
Selden, 27, has appeared in a total of 127 NBA games since his debut in 2017, but only three of those appearances have come this season. He scored five points on a 1-of-4 shot in 19 total minutes for the Knicks in 2021/22.
Selden would have earned a salary of $ 1,729,217 had he been on contract all season. Because he’s now released, he’ll instead be paid a prorated minimum of $ 785,104, which is also the amount that will apply to the New York team’s salary. If Selden is called for quitting he would be back on track to earning his full salary and he would be taken out of the Knicks cap entirely, but it’s probably a long way.
With a spot on the newly opened roster, the Knicks are free to officially finalize their three-team trade with the Cavaliers and Lakers to acquire Valentine. Like Selden, Valentine does not have a fully guaranteed salary, so the club will have to decide this week whether or not to keep him beyond Friday’s salary guarantee deadline. New York is unlikely to hang on to Valentine for the season, tweets Ian Begley from SNY.tv.