Walker’s contract for both 10-11 and 11-12 becomes fully guaranteed if the Knicks do not waive him prior to July 7th.
Walker will earn $854,389 in 10-11 and $916,100 in 11-12.
Because the additional cap space New York could create by waiving Walker is minimal, he is virtually guaranteed of remaining on the roster.
Also on New York’s roster are Toney Douglas, Patrick Ewing, Jr., Andy Rautins, Marcus Landry, Leo Lyons, Landry Fields and Charles Garcia. No word Jerome Jordan’s possible inclusion on the summer team roster. The Knicks supposedly purchased the second rounder after drafting Rautins and Fields.
(taken from realgm.com)