Amar'e Stoudemire's tenure with the New York Knicks ended Sunday when he reached an agreement on a buyout from the franchise, league sources have confirmed.
Stoudemire, who was in the final season of a five-year, $99.7 million contract, intends to sign with a team in playoff contention after clearing waivers.
The Dallas Mavericks are considered the front-runners to sign Stoudemire, sources said last week. A source told ESPNDallas.com that the Los Angeles Clippers and Phoenix Suns have also expressed interest.
Stoudemire will be officially waived Monday and would thus clear waivers Wednesday at 5 p.m., freeing him to sign with another team.
Claiming Stoudemire off waivers would require that team to absorb Stoudemire's $23.4 million salary, which essentially rules out that scenario.
Sources told ESPN.com the Golden State Warriors, Memphis Grizzlies, Portland Trail Blazers and Cleveland Cavaliers -- all playoff contenders in the market for extra size -- are not actively pursuing Stoudemire.
Stoudemire, who was in the final season of a five-year, $99.7 million contract with the Knicks, had said he would spend the All-Star break pondering his future, specifically whether to ask the last-place Knicks for a buyout to give himself an opportunity to join a team in the playoff hunt.
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