New York Knicks decline TO on Bobby Portis, waive Taj Gibson, Elfrid Payton

The Knicks have yet to decide what to do with Wayne Ellington (8 million, one guaranteed) and Reggie Bullock's (4.2, one guaranteed) contracts.

The New York Knicks have decided to free up salary space ahead of tomorrow’s Free Agency.

According to Shams Charania, the team declined the option in Bobby Portis’s contract (15.7 million) and waived Taj Gibson (10.2, one million guaranteed) and Elfrid Payton (8 million, one guaranteed).

The Knicks have yet to decide what to do with Wayne Ellington (8 million, one guaranteed) and Reggie Bullock’s (4.2, one guaranteed) contracts.

The Knicks declined team option on Bobby Portis ($15.7M) and waived Taj Gibson ($10.29M) and Elfrid Payton ($8M), sources tell @TheAthleticNBA @Stadium. Frees up salary space for New York.

— Shams Charania (@ShamsCharania) November 19, 2020