4:14pm: The Knicks have officially waived Wesley Matthews, the team announced on social media.
2:28pm: Matthews will be bought out by the Knicks later today and intends to sign with the Pacers once he clears waivers, tweets Charania.
2:03pm: Shooting guard Wesley Matthews is expected to reach a buyout agreement with the Knicks, and the Pacers are the frontrunners to sign Matthews once he clears waivers, Shams Charania of The Athletic tweets. Matthews is also expected to draw interest from the Warriors and Rockets and possibly other contenders, according to Marc Stein of the New York Times (Twitter link).
The Knicks are expected to retain veteran enter DeAndre Jordan, rather than buy him out. Stein adds. Jordan, who like Matthews will be an unrestricted free agent this summer, was also acquired in the blockbuster deal that shipped star big man Kristaps Porzingis to the Mavericks.
Matthews and Kanter both have expiring $18.6MM contracts. Jordan is making $22.9MM.
Matthews, who is averaging 13.1 PPG and shooting 38% on his 3-point attempts, would be a natural fit for Indiana as it seeks to replenish its backcourt in the wake of Victor Oladipo‘s season-ending injury.
New York’s desire to keep Jordan is mainly due to his willingness to mentor their young bigs, especially rookie center Mitchell Robinson.