Knicks Waive Marbury, Ending Bumpy Stint

BRIAN MAHONEY The Washington Post 02/24/2009 22:56

(Frank Franklin Ii - AP)

NEW YORK -- The New York Knicks are free of Stephon Marbury, and the troublesome point guard is free to join a playoff contender. Marbury was waived Tuesday by the Knicks, ending a turbulent five-year stint in which the former All-Star couldn't lead his hometown team to a single playoff victory.

The team released a statement saying an agreement between the Knicks and Marbury had been reached, but did not disclose financial terms. Knicks president Donnie Walsh has said the team and Marbury have been trying to work out a buyout.

Walsh's hope was to get something for Marbury in a trade, but with Marbury's salary of close to $21 million this season and a divisive personality, he knew a deal was improbable.

Marbury would be eligible to play in the postseason for any team that signs him because he was waived by March 1. He has been linked to the Boston Celtics, who are in need of a backup guard with Tony Allen injured.

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