Knicks Decline Option On Bobby Portis, Waive Taj Gibson, Elfrid Payton

[RealGM Wiretap]

The New York Knicks have declined their team option on Bobby Portis worth $15.7 million.

New York has also waived Taj Gibson and Elfrid Payton.

The moves will free up cap space for the Knicks.

Via Shams Charania/The Athletic

[IWishIWasHarden]

They waived their best point guard and power forward. Interesting.

[2hard2guard]

There nothing but bench players, far from there best players.