That’s the latest word on Rumor Street: “The Knicks have until Thursday to negotiate exclusively with ex-Clipper Jason Williams, who has decided to end his retirement. By claiming Williams on waivers, the Knicks acquired the Clippers’ exclusive negotiating rights. But a person with direct knowledge of the Knicks’ plans said they intend to trade Williams if they can reach agreement with him on a contract. Since they acquired his rights by claiming him on waivers, the Knicks wouldn’t have to wait the customary three months to trade him. It’s a risk-free way to acquire another minor asset without incurring any cost.”
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