He probably won't play again this season, but Rasheed Wallace should continue to have a job with the New York Knicks. The team will probably make a roster move, but they will not cut Wallace. They'll have to shift thing around though, if they do make a roster addition.
According to Frank Isola of the New York Daily News, the Knicks may cut James White in order to make room for the likely roster addition. Coach Mike Woodson had hinted at the probability of a move.
"I don't know where that came from," Woodson said when asked about Wallace's fate. "That was you guys (in the media). I never made that statement about waiving Rasheed. Rasheed still has a chance to bounce back as well but again as we go up this road we've just got to wait and see."
Wallace underwent foot surgery earlier in the year and will miss the rest of the season. He was a solid contributor for the Knicks this season though. Although he isn't the same player he was when he was younger, Wallace is dedicated and a physical presence.
This season, Wallace averaged 7.2 points and 4.2 rebounds per game. In his career, he averaged 14.4 points and 6.7 rebounds per game.