4:56pm: The Knicks have officially waived Valentine, the team tweets.
4:20pm: The Knicks are placing Denzel Valentine on waivers, Shams Charania of The Athletic tweets.
Valentine was just acquired from Cleveland in a three-team deal but New York obviously had no plans to retain the five-year veteran guard.
The dead-money cap hit for waiving Valentine is $880,509. However, New York received $1.1MM from the Lakers in the trade, offsetting the move. Wayne Selden was also waived on Monday, so New York will now have an open spot on the 15-man roster.
Valentine appeared in 22 games off the bench for Cleveland, averaging 2.9 PPG in 9.3 MPG. Valentine, who played four seasons for Chicago, will now try to hook onto another team in free agency.
Wayne Selden bulls legend
Nah,felicio is our legend
Sixers claim Denzel Valentine
He may catch on somewhere else, but his game is terrible.
Bring up Simms from G-league
Valentine is horrible and his shot selection is worse than an overconfident high school freshman, nothing made me happier than seeing him leave Chicago
When is Leon going make a deal that will really move the needle not these deals that help teams move players in three or four team deals. Time to put your Big Boy hat and swing for the fences and stop playing possum with the Knicks fans and media. This guy has been as quiet as a church mouse on Sunday. Your GM not a freaking Playa agent anymore so bring a dam superstar to this team and stop signing and trading for over the hill vets or players who put up good numbers on bad teams.The honeymoon is over for the so called Teflon Don who in my eyes had a terrible Free agent signings the past few years .