The latest news and notes from around the Atlantic Division:
- Ian Begley of ESPNNewYork.com writes that the Knicks chose not to waive Rasheed Wallace because they want him to have the option to come back in time for the playoffs.
- Marc Berman of the New York Post tweets that head coach Mike Woodson believes Wallace's surgery was successful and there is a chance he could still play this season.
- Chris Tomasson of Fox Sports Florida notes that Kenyon Martin is the first top overall pick in NBA history to sign a 10-day contract.
- Ric Bucher of CSN Bay Area reports that Andrew Bynum's knees have a degenerative condition.