The Knicks are still in contact with veteran James Posey.
An NBA executive has said that James Posey has gone through amnesty waivers unclaimed and is now free to sign with any team.
The Pacers will use the amnesty provision on James Posey.
The Pacers have informed James Posey not to report to training camp, as he's not part of their future plans.
The Pacers will not buy out James Posey, according to SI's Chris Mannix.
James Posey hit five 3-point buckets on Monday, scoring 15 points on 5-of-7 shooting (all threes) to go with four rebounds, one assist, and one steal in 19 minutes off the bench.
James Posey came off the Pacers bench on Friday and got hot, hitting 7-of-12 shots and five 3-pointers on his way to a season-high 19 points to go along with five rebounds.
James Posey is expected to be Josh McRoberts' backup at power forward.
James Posey's agent said Wednesday that he will not seek a buyout of his contract now that he has become a Pacer.
James Posey was traded from the Hornets to the Pacers on Wednesday.
James Posey returned to action from the flu on Wednesday and had five points in 19 minutes.
James Posey will be back in uniform for the Hornets on Wednesday after missing a couple games with the flu.
James Posey (flu) is expected to rejoin the Hornets rotation on Wednesday.
James Posey will miss Sunday's game with a lingering flu, but the Hornets hope to have him back on Monday.