Knicks waive former No. 5 overall draft pick, two others

As expected, veteran guard Garrison Mathews was cut by the New York Knicks, the team announced. New York has also waived Alex Len and Matt Ryan.

Mathews signed a non-guaranteed contract last month, as did Malcolm Brogdon and Landry Shamet, with the understanding that the team was only able to keep one of them due to financial limitations. Brogdon announced his retirement on Wednesday, so Shamet appears to have earned the roster spot.

A report on Friday stated that Mathews has been impressive since training camp opened, but the Knicks didn’t have the ability to fit two veteran salaries on their roster without trading someone away. Shamet played for New York last season and was considered the front-runner to make the team.

The report also states that Mathews is likely to draw interest from teams that need outside shooting help now that he’s on waivers. He has been with three teams in his six NBA seasons and shot 39% from three-point range with Atlanta last season.

Len and Ryan both signed with the Knicks in mid-September, with Len getting an Exhibit 9 contract and Ryan receiving an Exhibit 10 deal. Both were considered long shots to make the team, but Ryan may wind up with New York’s G League affiliate.

It looks like the final roster spot will go to rookie small forward Mohamed Diawara, who was selected with the 51st pick in this year’s draft. That had been expected due to the Knicks’ cap limitations — Diawara’s rookie minimum salary will allow the team to remain below their hard cap.