The Knicks traded J.R. Smith and Iman Shumpert to the Cavaliers on Monday, as part of a three-team deal with the Thunder that sent Dion Waiters to Oklahoma City.
Technically, the Knicks received three players in the trade themselves. But as expected, none of them will play a single game for New York this season.
From Knicks PR:
January 7 – The New York Knickerbockers have waived forwards Lou Amundson and Lance Thomas and center Alex Kirk.
This was merely a salary dump for the Knicks, one that will give them an additional $7 million or so in salary cap room to spend on free agents this summer.