Reports: Knicks, Amar'e Stoudemire reach agreement on contract buyout

The New York Knicks and Amar'e Stoudemire have reached an agreement on a buyout, according to multiple reports.

The New York Knicks and Amar'e Stoudemire have reached an agreement on a buyout, according to multiple reports. 

The New York Daily News reported that some Western Conference teams are expected to pursue Stoudemire once he clears waivers this week. An ESPN report earlier this month said the Dallas Mavericks would be viewed as front-runners to sign Stoudemire if he were to be bought out.

The Daily News report mentions the San Antonio Spurs and the Golden State Warriors as two other teams that "could be in the running" for Stoudemire. Multiple other teams, including the Los Angeles Clippers, have also been floated.

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Stoudemire, 32, is in the final year of a five-year, $99.7 million deal signed in July 2010 and is making 23.4 million this season. He spent the first eight seasons of his career with the Phoenix Suns.

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​Stoudemire averaged more than 25 points and eight rebounds en route to earning his sixth All-Star appearance during his first season in New York (2010-11), but his production has declined in subsequent seasons as injuries have limited his effectiveness.

Over 36 games in 2014-15, he has averaged 12.0 points and 6.8 rebounds. The Knicks possess the worst record in the Eastern Conference at 10-43. The NBA will resume play on Thursday, the same day as the league's trade deadline.

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