Knicks waiving Denzel Valentine

Shams Charania: The Knicks are waiving Denzel Valentine, freeing the five-year veteran to enter free agency, sources tell @TheAthletic @Stadium.
Source: Twitter @ShamsCharania

What’s the buzz on Twitter?

Shams Charania @ShamsCharania
The Knicks are waiving Denzel Valentine, freeing the five-year veteran to enter free agency, sources tell @TheAthletic @Stadium. – 4:57 PM

Rick Noland @RickNoland
Cavs get Rondo from Lakers. Knicks receive guard Denzel Valentine from Cleveland and draft rights to Wang Zhelin (57th pick in 16) and Brad Newley (54th in 07) and cash considerations from Lakers. Lakers get draft rights to Louis Labeyrie (57th pick in 2014 NBA Draft) from NY – 1:09 PM

Marc Berman @NYPost_Berman
Knicks announce in this 3-way deal they get draft right to Zehlin and Newley. They have waived Wayne Selden and likely will waive Denzel Valentine so they’d pick up a roster spot and $1.2M in cash. Knicks usually are ones giving cash away. – 1:09 PM

Fred Katz @FredKatz
The Knicks have made the three-team trade official.
Knicks get:
Denzel Valentine
Draft rights to Wang Zhelin
Draft rights to Brad Newley
Cash considerations
Cavaliers get:
Rajon Rondo
Lakers get:
Rights to Louis Labeyrie – 1:08 PM

Ian Begley @IanBegley
Knicks announce they’ve acquired draft rights to Wang Zhelin and Brad Newley as part of deal to acquire Denzel Valentine. NYK has waived Wayne Selden to make room on roster for Valentine. As previously noted, NYK is not expected to keep Valentine long-term. Details here: pic.twitter.com/Lypweh3URu – 1:07 PM

Fred Katz @FredKatz
The Knicks have cut Wayne Selden, league sources tell The Athletic. Knicks had to make room for Denzel Valentine to complete the trade with the Lakers and Cavaliers. – 12:52 PM

Ian Begley @IanBegley
One note on the Denzel Valentine deal: hearing Knicks are unlikely to keep Valentine long-term. Valentine’s 2021-22 contract becomes fully guaranteed on Jan. 10. To initially acquire Valentine, NYK needs to waive current player. FWIW,…