The New York Knickerbockers President of Basketball Operations Donnie Walsh announced today that guard Taurean Green and guard/forward Bobby Jones have been waived.

Both had been acquired on Monday from Denver, along with a 2010 second-round draft choice, for forward Renaldo Balkman and cash considerations.

Frank Isola cites a Knicks' source saying that any transaction to determine the fate of Stephon Marbury will not happen until late September or early October.

The Knicks reportedly prefer to trade Marbury and get something in return, rather than releasing him outright.

In Macau, where he is on the Olympic coaching staff, Mike D'Antoni commented on the trade of Renaldo Balkman.  

"Renaldo really had no role after we drafted Gallinari, and with the emergence of Wilson Chandler his minutes would be nonexistent," D'Antoni told The Associated Press.  "So it really wasn't fair to him to keep him in a spot that he wouldn't play and also gives us an opportunity to clear up a roster spot and move on."

Newsday's Ken Berger was the first member of the media to report that a trade sending Renaldo Balkman to the Denver Nuggets was in the works.  Now that the Balkman deal is final, the paper says Donnie Walsh is working on several additional moves to reshape the Knick roster.

"I know this [Balkman trade] is nickel-and-dime," writes Alan Hahn in The Knicks Fix blog on Newsday.com, "but keep in mind this is just one deal out of several things I'm told Donnie is trying to work on this summer. Some things work out quickly, like this deal, and the bigger contracts (i.e.: Zach Randolph) take time to make happen.

"Stay tuned . ."

The New York Knickerbockers President of Basketball Operations Donnie Walsh announced today that a 2010 second-round draft choice, guard Taurean Green and guard/forward Bobby Jones have been acquired from Denver for forward Renaldo Balkman and cash considerations.

The draft pick will be the more favorable selection between the Nuggets and Clippers, resulting from a previous trade.

Balkman, 6-8, 208-pounds, averaged 3.4 points and 3.3 rebounds in 65 games for New York last season. Originally drafted by the Knicks after his junior season at the University of South Carolina in the first round (20th overall) of the 2006 NBA Draft, the Staten Island-native finishes his career in blue and orange having played in 133 career games, averaging 4.2 points, 3.8 rebounds and 15.2 minutes over two seasons.

"The Knicks and Nuggets are discussing a trade that would send 2006 first-round pick Renaldo Balkman to Denver for point guard Taurean Green and small forward Bobby Jones, an NBA front-office source told Newsday last night," writes Ken Berger.

Green and Jones might be waived if the deal is completed.

In an attempt to cut salary, the Knicks "are known to be looking to move [Zach] Randolph's contract, and are involved in other trade discussions with several teams."

The New York Knickerbockers President of Basketball Operations Donnie Walsh announced today that free agent guard Anthony Roberson has been signed to a contract. As per club policy, terms of the deal will not be disclosed.

Roberson, 6-2, 195-pounds, has career averages of 4.1 points and 8.8 minutes in 36 career games with Memphis and Golden State. The 25-year-old Saginaw, MI-native averaged 2.2 points in 5.5 minutes per game with Memphis in 2005-06 before tallying 5.6 points in 11.4 minutes per game with Golden State the following season. Roberson spent last season playing overseas in Turkey and Israel.

"A team source said the Knicks are considering resting [Danilo] Gallinari the remainder of the summer and request he not play for the Italian national team that gets together in two weeks," writes Marc Berman of the New York Post.  "The decision could be out of Gallinari's hands as the Italian players are threatening a strike."

Kevin Love sat out the Timberwolves' summer league game against the New York Knicks on Sunday afternoon for precautionary reasons with an inflamed left Achilles, the Associated Press is reporting.  The injury is not considered serious.

Love was recently added to the US Select team which will scrimmage against the US Olympic team.

Love was expected to practice later Sunday with the national team at a local high school.

Knicks coach Mike D'Antoni enjoyed watching his new team defeat the Suns in summer league play on Friday, according to The Associated Press.

"It's already canceled out," D'Antoni said of any loyalties he had towards the Suns. "I've moved on."

D'Antoni has left the summer league coaching duties to assistant coach Phil Weber. New York defeated Phoenix 85-80.

"I have learned that the Clippers' offer to the Knicks for Zach Randolph last week was much more audacious than first suspected," reports Ian Thomsen of Sports Illustrated.

"In addition to Randolph, they wanted the Knicks to send them a first-round pick and $3 million in exchange for Brevin Knight. The Knicks said no."