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."