Knicks cut expensive vet Rose to make room in backcourt

NEW YORK -- Jalen Rose was waived Monday by the New York Knicks, leaving their roster one below the regular-season maximum of 15.

The 33-year-old Rose averaged 12.7 points in 26 games for the Knicks last season after being acquired in a February trade with the Toronto Raptors. The 6-foot-8 guard/forward, a 12-year veteran, was scheduled to make $16.9 million this season.

The move clears a logjam in the Knicks' backcourt, where they have veterans Stephon Marbury, Steve Francis, Nate Robinson and Jamal Crawford. New York opens the regular season at Memphis on Wednesday.