New York Knicks create $40M in cap space by parting ways with six players

The New York Knicks created over $40 million in salary-cap space Thursday by parting ways with six veteran players. The Knicks announced that they waived forward Taj Gibson and guards Elfrid Payton and Wayne Ellington and declined the $15.75 million team option on forward Bobby Portis’ contract. Gibson was set to make $9.45 million in […]