Ledo was set to earn the minimum salary for 2015/16 and he had two key dates in his contract – one being August 1st and the other being opening night of the season. On each of those dates, Ledo would have secured separate $100K guarantees. Now that the Knicks have shed Ledo in July, they’re not on the hook for anything.
The Knicks signed Ledo to a pair of 10-day contracts last season before signing him to a deal that covered the remainder of the year. In 12 appearances for the Knicks, Ledo averaged 7.4 points and 2.8 rebounds in 19.4 minutes per game. Ledo was waived by the Mavs around the trade deadline last year to make room for Amar’e Stoudemire. Prior to that, he spent the bulk of the year with the Texas Legends, the club’s D-League affiliate