It's Official: Marbury Parts Ways With Knicks

NEW YORK  — Stephon Marbury has been waived by the New York Knicks, ending a turbulent five-year stint in which the former All-Star couldn't lead his hometown team to a single playoff victory.

The team released a statement Tuesday saying an agreement between the Knicks and Marbury had been reached, but did not disclose financial terms.

The point guard had entered arbitration to fight a $400,000 fine for allegedly refusing to show up to a game.  

After meeting with the team's president, Donnie Walsh, at a Midtown law firm, a buoyant Marbury left the offices and skipped through Times Square, the New York Post reported

He is expected to sign with the Boston Celtics.    

Marbury is one of the highest-paid players in the NBA, set to make close to $21 million this season, but has not played a game for new coach Mike D'Antoni.

He's eligible to play in the postseason for any team that signs him because he was waived by March 1.

Copyright AP - Associated Press
Contact Us