After weeks of speculation, the New York Knicks and power forward Amar’e Stoudemire will be officially cutting ties, according to New York Daily News’ Frank Isola. The Knicks bought out Stoudemire’s contract, meaning that they give him the rest of the money they owe, which the Knicks owed over 20 million to Stoudemire, and he is free to become a free agent and be signed by any team.

Stoudemire signed a 5 year deal in 2010 with the Knicks worth over 90 million dollars. Many believe this signing by the Knicks lead to the trade for Carmelo Anthony the Knicks made. The Knicks had 74 wins and 110 losses when Melo and Stoudemire both played.

The Dallas Mavericks, Los Angeles Clippers, Golden State Warriors, and Phoenix Suns have all expressed interest in Stoudemire.

Stoudemire was averaging 12 points and 6.8 rebounds per game in 36 games with the Knicks this season. He scored 5 points and grabbed 4 rebounds in his final game with the Knicks versus the Magic.

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