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Sources: Mobley off Knicks' books

Updated: April 5, 2010, 4:58 PM ET
By Marc Stein | ESPN.com

The NBA has granted the New York Knicks' request for luxury-tax relief on the contract of retired guard Cuttino Mobley, according to league sources.

Sources told ESPN.com that the Knicks were notified last week that their request for Mobley's $9.5 million salary to be erased from their 2009-10 tax bill has been approved.

The Knicks then waived Mobley on Monday, according to a league memorandum obtained by ESPN.com.

Once Mobley clears waivers later this week, New York ...

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