MONDAY, 3:59pm: The Knicks announced that the buyout is now official.
2:03pm: Udrih and the Knicks are expected to make the buyout official today, according to Sam Amick of USA Today (Twitter link).
SATURDAY, 5:22pm: Al Iannazzone of Newsday hears that the buyout has been agreed upon. (Twitter link). It is not yet known when the buyouts will be officially announced.
10:50am: A league source confirms with Howard Beck of Bleacher Report that the Knicks are working on a buyout of Udrih’s contract (Twitter link).
10:31am: In addition to the news that New York will buy out Metta World Peace‘s contract, a league source tells Ian Begley of ESPN New York that the team is in discussions to cut ties with Beno Udrih as well (Twitter link).
The veteran backup point guard was signed this offseason to a one-year deal worth roughly $884K. After dissatisfaction with his playing time, and finding himself the source of blame for the Knicks troubles from coach Mike Woodson, Udrih made and then revoked a trade request earlier this season. The Knicks were involved with a lot of talks that included the 31-year-old leading up to Thursday’s trade deadline, but ultimately couldn’t find a trading partner.
Udrih will likely look to catch on with a winning team in need of a backup point guard after clearing waivers. Udrih shares an agent with World Peace. Both are represented by Marc Cornstein of Pinnacle Management Corp., as you can see in our Agency Database.