Donnie Walsh said the Knicks are no longer seeking to use the contract of Cuttino Mobley in a trade.

Insurance will cover much of the contract because Mobley retired due to a heart condition.  That insurance made Mobley's contract an attractive asset for teams to acquire.

RealGM Note: Portland found themselves in a similar scenario last season when they held the expiring contract of Raef LaFrentz, which also was heavily covered by insurance.  They actively shopped LaFrentz in trade talks, but were unable to reach an agreement on a trade.