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New York Knicks Release Wayne Ellington & Theo Pinson, Sign Ed Davis


The New York Knicks created over $40 million in salary-cap space Thursday by parting ways with six veteran players. The Knicks announced they waived forward Taj Gibson and guards Elfrid Payton and . New York also declined a $1.7 million option on forward 's deal. The Knicks also acquired from the Utah Jazz. (ESPN.com)

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New York Knicks Release Wayne Ellington & Theo Pinson, Sign Ed Davis


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