Taj Gibson waives Knicks, plans to sign with Wizards

16:35: Gibson plans to sign with the wizards once he clears waivers, according to The Athletic’s Shams Charania (Twitter link† He will provide Washington with some extra depth in the frontcourt following the departure of the free agent from Thomas Bryant

3:59 PM: The Knicks have officially renounced big man that Gibsonannounced the team today in a press release† He will clear waivers on Sunday, assuming he is not claimed.

Gibson, 37, appeared in 52 games for the Knicks last season, averaging 4.4 PPG and 4.4 RPG in 18.2 minutes per game. He’s been one for a long time Tom Thibodeau favorite, who also played for the head coach of the Knicks in Chicago and Minnesota.

Gibson signed a two-year deal with the Knicks during the 2021 off-season, but his sophomore salary of $5,155,500 for 2022/23 was not guaranteed. By cutting him, New York will prevent him from hooking for that money.

In addition to forgoing Gibson, New York has renounced Archdeacon Ryan‘s free agent rights, according to Fred Katz of The Athletic (Twitter link† The two moves are strong signals that the Knicks are planning to go under the hood over their reported signing of Jalen BrunsonIsaiah Hartensteinand Jericho Simsinstead of going over the limit by taking over Brunson via sign-and-trade.

If the Knicks had been able to Alec BurksNerlens Noël trading with Detroit in a three-team deal involving Dallas and Brunson, they could theoretically have used their mid-level exception to sign Hartenstein and Sims, retaining a $9MM+ trade exception and the $biannual exception 4.1MM. Freeing up cap space for their signings is the easiest way though, leaving them with the available space exception of $5.4MM.

As for Gibson, there’s a chance he could re-sign with the Knicks once he approves the waivers, although a few other teams have expressed interest in him, notes SNY.tv’s Ian Begley (Twitter link

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