Arron Afflalo and Derrick Williams will opt out of their respective contracts, which should leave the Knicks with at least $30 million of cap space when free agency begins July 1.
After getting benched late in the season in favor of Sasha Vujacic, Afflalo was a shoo-in to not opt in to the second year of his contract, worth $8 million.
Williams, who came off the bench and was the Knicks’ most athletic player, turned down the final $4.5 million of his pact.