Report: Knicks waiving Travis Outlaw to make room for Travis Wear

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The Knicks accepted Travis’ Outlaw’s salary in a trade in order to get Quincy Acy.

Now that Acy – an aggressive energy player – is in New York, the Knicks have little use for Outlaw. If anything, Outlaw’s $3 million salary could help facilitate a trade, but he hasn’t played effectively in a few years.

So, New York probably planned to keep Outlaw around unless someone emerged in the preseason.

Well, someone emerged in the preseason – Travis Wear, who signed as undrafted free agent from UCLA after playing for the Knicks’ summer-league team.

Adam Zagoria of SNY.tv:

The Knicks will keep Travis Wear on their 15-man roster and waive veteran Travis Outlaw, a source with direct knowledge of the situation told SNY.tv and The Knicks Blog.

Good for Wear earning a roster spot. That the Knicks would eat $3 million to get him speaks to how much he’s impressed Phil Jackson.

The biggest drawback to the move is Outlaw’s $3 million salary is stuck on the cap and can’t be traded. It will still come off the books next summer, when New York projects to have major cap space, but the Knicks lose a little flexibility in the meantime for a mid-season trade.