Unable To Make Deal Knicks to Cut Balkman and Sign Smith Today

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Sources close to the situation have told TKB that in order to make room for the signing of guard J.R. Smith the team will indeed release Renaldo Balkman after failing to complete trades for existing players on the roster including Balkman, Bill Walker, and Toney Douglas.

There was a thought that the team would consider cutting Mike Bibby, but because of the uncertainty surrounding the return of Baron Davis, who we reported may not return until near/after the All-Star break, Bibby will be kept for PG depth.

Once everything is said and done it would appear as if Smith will make his debut versus the Mavs on Sunday.