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Knicks waive Ricky Ledo

Ricky Ledo

New York’s Ricky Ledo (11) drives the ball ahead of San Antonio’s Brandon Davies (0) during the second half of an NBA summer league basketball game Saturday, July 11, 2015, in Las Vegas. New York’s Kristaps Porzingis (46) watches nearby. New York won 78-73. (AP Photo/Ronda Churchill)


The Knicks made a low-cost bet on Ricky Ledo.

It hasn’t paid off.

Ledo would have received a $100,000 guarantee if not waived by tomorrow, making dropping him an easy call. He just hasn’t done enough in the NBA, D-League or summer league to justify that large of a payout.

The Knicks now have 14 players, though Darion Atkins and Wesley Saunders will likely get waived and assigned to New York’s D-League affiliate. The Knicks still have the room exception $2,814,000, and the minimum-salary exception will likely land someone more valuable than Ledo on this contract.

Heck, if he goes unclaimed on the waiver wire – which he probably will – the Knicks could even re-sign Ledo without giving him the guarantee. I wouldn’t count on that, though. This experiment seems over.