October 17, 200521 yr Oct. 17 (Bloomberg) -- New York Knicks guard Allan Houston, limited to 20 games last season because of arthritic knees, will announce his retirement from the National Basketball Association this afternoon, agent Bill Strickland said. The Knicks said in a statement that they've called a news conference to make a ``major announcement.'' The statement wasn't specific. The decision comes less than a week after the 34-year-old Houston entered training camp by saying he felt better than he has in the two-plus years since surgery on his right knee. Houston, an All-Star in 2000 and 2001, joined the Knicks as a free agent in 1996 after spending his first three seasons with the Detroit Pistons. He has two years and $40 million left on the seven-season, $100 million deal that he signed in 2000. While Houston never posted the gaudy statistics of players with similar contracts, he was a reliable performer who didn't cause trouble for the franchise off the court. Houston helped the Knicks reach the NBA Finals in the lockout-shortened 1998-99 season. His running jumper to win Game 5 of New York's first-round series against the Miami Heat is one of the most memorable shots in team history. From a financial perspective, his retirement is a win for the Knicks, who finished last in their division last season despite the highest payroll in the league. The Knicks during the offseason made Jerome Williams instead of Houston their amnesty player, saving about $19 million in luxury tax payments by cutting Williams while still paying him. Insurance will pick up about $25 million of the $40 million left on Houston's contract. The Knicks can apply for salary cap relief after a year. Houston finishes with career averages of 17.3 points, 2.9 rebounds and 2.4 assists. He shot 44 percent from the field, including 40 percent from 3-point territory and 86 percent from the free-throw line. http://www.bloomberg.com/apps/news?pid=100...71fSgg&refer=us
October 18, 200521 yr Best of luck Allan. IMO this validates a lot of the moves that Isiah made ... Well except giving spending ridiculous amount of money on two guys who are glorified subs. But the whole Q trade and cutting JYD? :thumbup
October 18, 200521 yr Best of luck Allan. IMO this validates a lot of the moves that Isiah made ... Well except giving spending ridiculous amount of money on two guys who are glorified subs. But the whole Q trade and cutting JYD? :thumbup One of the best games Ive ever seen, seeing replays of that shot gives me chills.
October 18, 200521 yr Yeah but you know what makes it all so great? Since those "glory" days for the Knicks, they are back to being gutter feeders and the Heat are back on top of the NBA. :thumbup
October 18, 200521 yr isaiah is still stupid and will always be stupid an an nba executive. btw...thanks for an nba title isaiah.
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