NEW YORK – Stephon Marbury was waived by the New York Knicks on Tuesday, ending a turbulent five-year stint in which the former NBA 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.
Marbury was one of the highest-paid players in the NBA, set to make close to $21 million this season, but has not played a game for new coach Mike D’Antoni.
D’Antoni never gave the temperamental guard a chance to cause the same troubles for him that he did for predecessors Larry Brown and Isiah Thomas, who were both fired in part because of Marbury. (AP)