Well, the Stephon Marbury saga is over, at least in New York.

Marbury is now eligible to play in the playoffs for another team because his release from New York comes before the league’s Sunday deadline.

With Marbury expected to sign for a pro-rated share of the league’s veteran minimum, Boston’s financial risk is minimal if the experiment doesn’t work and the Celtics decided to subsequently cut Marbury.

It’s believed that Marbury will be forfeiting in excess of $2 million from his $20.8 million salary this season, which would net the Knicks twice that much because of the luxury-tax savings involved.

The conventional wisdom here is that he’ll soon sign with the Celtics, who have been trying to shore up their bench all season after losing James Posey to free agency and P.J. Brown to retirement last summer.

I’m happy that Marbury and the Knicks have been able to part ways. If he does sign with Boston, it will be interesting to see how he fits in with the defending champs.

Stephon Marbury and the New York Post say “yes,” but a Boston Herald source says “no.”

According to sources, the Celtics have had talks with Marbury (the Knicks gave him permission to speak with other teams in hope that it would hasten his desire for a buyout), but one source close to the situation said yesterday the club has made no firm commitment to him on a deal.

For his part, Marbury doesn’t understand the Knicks unwillingness to reach a buyout agreement.

“The question to be asked to the Knicks is: Are they fearful for me playing for another Eastern Conference team? My thing is, they shouldn’t be fearful,� Marbury was quoted as saying. “They’re trying to get under the cap for 2010. They shouldn’t be worried about me. You had guys saying I was a distraction, I’m a cancer. If I’m all those things, wouldn’t you want me to go to another team?

“It shouldn’t matter that I go to Boston if you’re the eighth seed and Boston is in the front. It can’t be about money. The Knicks got plenty of it. It’s got to be personal. If it’s personal, then how is business being done there?�

What Marbury is glossing over, however, is that the Knicks did make a buyout offer ($3 million less than his total salary), but it just wasn’t enough money for Marbury.

So, really, who’s being unreasonable?

The NBA trade deadline is less than a month away, so it’s a good time to talk expiring contracts. These are players that are in the final year of their deals, which makes them trade fodder for teams looking to cut salary this summer. I’ll list each player by contract size, whether or not he can still play, and discuss the possibility that they’ll be traded by the trade deadline. I’ll also dig into the strategy that their current teams should and/or could be utilizing when considering a trade.

All salary data is from HoopsHype, and I’ll assume – given the bad economy – that the cap will stay at about $59 million next season. (In fact, it might even be lowered.)

Allen Iverson, Pistons
Salary: $21.9 million
Detroit is 20-15 since trading for AI, and considering the franchises successful run over the past few season, that’s disappointing. But the Pistons didn’t make this trade to acquire AI, they made the trade to rid themselves of Chauncey Billups’ contract, which runs through 2011. Was this wise? Probably not, at least in the short term. Billups is one of the top point guards in the league and is doing great things with his new team. But since the Pistons like what Rodney Stuckey can do (and justifiably so), Billups became expendable. GM Joe Dumars made the deal to give the team the financial flexibility to retool the roster over the next two summers, and with Iverson and Rasheed Wallace coming off the books, the Pistons will have about $26 million to spend this summer. They could opt to sign Carlos Boozer, but would likely have to pony up big bucks to do so. He would probably start at $14 million, so that would leave $12 million to re-sign the 34 year-old Wallace or another center. The team could conceivably sign Boozer, then wait a year, let Rip Hamilton’s contract expire, and then sign Chris Bosh or Amare Stoudemire in the summer of 2010, giving the team a core of Stuckey, Boozer, Tayshaun Prince and either Bosh or Stoudemire to build around. Not bad. Considering the main reason the Pistons traded for AI was to cut salary, the chances of them trading him (and taking on salary in return) aren’t good. (Though a Marion-for-Iverson swap might help both teams in the short term.)
Chances of being traded: Low

The Stephon Marbury Buyout Watch continues.

The banished Marbury told The Post yesterday his $1 million giveback is back on the table. Marbury said he’s waiting to hear back from Knicks president Donnie Walsh on his proposal.

Marbury, who is training in Los Angeles, says he has a firm offer from at least one club, allowing him to change his negotiating stance for the first time in seven weeks. The Celtics are the leading candidates to sign Marbury, according to a source.

Marbury had taken the $1 million giveback off the table during their stormy Dec. 1 meeting. Marbury put it back in play because at least one team has now made a commitment to him, allowing him to make the $1 million back.

Walsh last offered Marbury to take $3 million less. Marbury has been told by Knicks officials the matter is in owner James Dolan’s hands and he’s been awaiting word for several days.

Marbury also fears Dolan won’t accept his offer until after March 2, when he’d be no longer eligible for a playoff roster.

Let me get this straight — all this drama for a measly $2 million? I realize that this is a ton of money to normal people, but this is pocket change for James Dolan. Is $2 million worth the distraction of keeping Marbury on the roster? My guess is that the Knicks main problem with buying out Marbury is that they might be helping the Celtics in the process. But it’s not like the Knicks are a serious playoff contender — why not get rid of the headache?

As for Marbury, I don’t know why he hasn’t taken Dolan’s offer of a $3 million pay cut. He’s jeopardizing his ability to prove he’s worth a three- or four-year contract after this season. No one is going to sign him to a long-term deal if he doesn’t play (and play well) for the remainder of this season. Surely that’s worth $2 million to Starbury, right?

The Christmas Day loss to the Lakers was understandable. And maybe even the next night’s loss to the Warriors was forgivable, since it the second of back-to-back games and Oakland is always a tough place to play. But what about consecutive losses to the Knicks and the Bobcats, each with a day’s rest beforehand? After racing out to the best start in league history, the Celtics are now 2-5 in their last seven, and have lost back-to-back games to teams with a combined record of 26-42. Ouch.

It’s tough to be the defending champs, because every night you’re going to get your opponent’s maximum effort. It’s also important to note that all five of those losses were road games, and it can be tough to win on the road in the NBA, especially when you have a big bull’s eye painted on your back.

A quick look at the Celtics’ season stats reveals a few things:

1. Other than Eddie House, they don’t have a legitimate three-point threat on their bench. This is an area where they miss James Posey (along with what he brought to the table defensively).

2. Glen Davis is shooting 37% from the field, which is absolutely dreadful for a power forward. Despite bigger minutes, his points and rebounds are down. Not good.

3. Rajon Rondo and Kendrick Perkins are holding up to their end of the deal. Rondo is averaging 11.1 points, 7.6 assists and 4.9 rebounds a game, and he’s fourth in the league in steals. He is quickly developing into one of the best all-around point guards in the league. Perkins hasn’t made as big of a leap, but he’s a few minutes away from averaging a double-double. Right now he’s at 8.9 points and 8.5 rebounds per contest.

Given how important James Posey was to the Celtics’ title run, we knew heading into the season that it was a big risk to let the Hornets sign him away. He brought solid defense and good three-point shooting, which are two things that are lacking on the Boston bench right now. The C’s are toying with the idea of bringing Stephon Marbury in for a trial run (if he ever agrees to a buyout with the Knicks), and he would provide some long-range punch off the bench. I don’t see a lot of other options for the Celtics, considering they don’t have a substantial expiring contract or tradeable players. Garnett and Pierce are untouchable, and the team can’t do without Ray Ray’s outside shooting. Rondo is too good and he would leave a gaping hole at point guard, and the same goes for Perkins in the middle. What are the C’s going to get for House, Tony Allen or Glen Davis? Leon Powe would be good trade bait, but the Celtics need his toughness and rebounding off the bench. Besides, it’s doubtful that Danny Ainge would make any major changes to this group since it got them to the Promised Land last season.

I don’t think this 2-5 stretch is a sign that the Celtics aren’t for real. They are. The NBA season is a grind and they’ll be there at the end. It’s going to be interesting to see how they play at home tonight against a good Houston team and then on Friday at Cleveland.

Thursday (1/8) Update: The Rockets did indeed beat the Celtics in Boston.

ESPN is reporting that the Boston Celtics are interested in making a deal with Stephon Marbury if he can ever come to terms on a buyout with the Knicks.

That still depends largely on Marbury’s ability to negotiate his release from the Knicks after weeks of fruitless and oft-contentious buyout talks, but sources with knowledge of the situation told ESPN.com this week that Boston is Marbury’s preferred destination if he manages to become a free agent and that the Celtics are indeed hopeful of signing him.

Celtics general manager Danny Ainge did not immediately respond to a request for comment on a New Year’s Day holiday for the entire league and has generally refused to address the possibility of signing Marbury. Yet it’s believed that the Celtics’ concerns about their depth, after losing James Posey and P.J. Brown from last season’s title team, have swelled noticeably since they followed up the best 29-game start in NBA history at 27-2 by losing three of the next four games on the road.

Boston also knows it would have the option to simply release Marbury without significant salary-cap consequences if he fails to click as a backup or proves unwilling to accept a secondary role.

It appears that the biggest obstacle to such a move is Marbury actually securing a buyout from the Knicks in a timely fashion as opposed to reservations Boston might have about Marbury’s impact on team chemistry.

Although it has been widely assumed that Celtics forward Kevin Garnett would resist a reunion with the controversial point guard — after Marbury broke up their Minnesota partnership following less than three seasons together by forcing a trade to New Jersey — one Celtics source insists that Garnett has voiced no opposition to the idea of signing Marbury for the rest of the season to strengthen Boston’s backcourt depth behind starters Rajon Rondo and Ray Allen.

When asked specifically about the likelihood of Marbury joining the Celtics this season, the source predicted that “it will happen.”

Joining the NBA’s reigning champions would certainly back up Marbury’s recent claim at halftime of a Knicks-Lakers game in Los Angeles that “the team I’m going to go to, a lot of people will be shocked.”

The move to Boston would surely add some drama to the playoff race in the East. It’s always fascinating to see how troubled stars fare in new environments and Marbury’s potential move to Boston would be no different. The Celtics interest in Marbury is a direct reflection on how they feel about Eddie House and Tony Allen coming off their bench. Marbury would definitely take a reserve role if he lands in Boston.

The problem here seems to be with Marbury’s inability to negotiate a buyout with the Knicks. This is pure speculation, but he has stated that he wants his full salary for this season. This is shortsighted as his value this summer (as a free agent) depends heavily on how the rest of the year plays out. If he stays in New York and doesn’t play, what’s the best offer he’s going to get this summer? At that point he’d be a troublesome 32 year-old, shoot-first point guard.

However, if he agrees to a buyout, lands in Boston and shows he can play well with others, he stands to benefit next summer in the form of a bigger (and potentially longer) contract. The downside for the Celtics is low because if he brings the headache to Beantown, they can cut him without much damage to their salary cap.

Now that the holidays are over, I’d expect the Knicks and Marbury to move on a buyout. It’ll be interesting to watch this story develop over the next few weeks.

Mike D’Antoni refuses to play Stephon Marbury, but says that he’s been “great.” Now it looks like the Knicks might buy out Marbury’s contract, which would allow him to play elsewhere this season.

Marbury, 30, has been adamant that he will not take a penny less than the $21.9 million he is owed this season. He is in the last year of his contract and has said he doesn’t expect this to be his final season. If he doesn’t play at all, it would be more difficult for Marbury, who does not have an agent, to negotiate a new contract.

Though Marbury is widely considered to be a cancer, he did average 8+ assists in seven of his 11 years in the league, so conceivably he could fit into D’Antoni’s up-tempo system if he were willing to buy into the pass-first philosophy. But the Knicks are 5-3 without him, so the chances of Marbury getting any playing time in a Knicks uni appear to be gone as there is just too much history between Marbury and the franchise to make the relationship work. From the Knicks perspective, it’s not worth trying to showcase him for a trade, because no one is going to want to take on his salary. (And quite frankly, the Knicks don’t want to take on equal salary in a trade. They’re trying to get under the cap by 2010 to make a run at LeBron.)

The best thing for both parties is a buyout, but Marbury needs to be willing to back off his “not a penny less” demands. He’s not going to get much of a contract next summer if he doesn’t play this year, and he’s not going to play this year unless he signs with another team. He should take a buyout of $10-$12 million, and sign a one-year deal with a team that could use him. If he plays well, he’d be in a position to sign a 2-3 year deal for decent money ($4-$5 million per season?). If he stands his ground and demands the full salary, the Knicks could punish him for his unwillingness to compromise by continuing to pay him for the season, but banishing him from the team, like the Tampa Bay Buccaneers did with Keyshawn Johnson a few years back. If they went that route, the decision would be made and it may (I repeat, “may”) cease to be a story. (After all, this is the NY media we’re talking about.)

Mike D’Antoni got a taste of New York while he was coaching his first game Wednesday night.

With some in the Garden crowd surprisingly chanting “We Want Steph” with 11:10 remaining in the fourth (others booed the chant), a stewing D’Antoni was caught on MSG Network cameras Wednesday in a tirade, mouthing:

“You’ve got to be (bleeping) kidding me. You’ve got to be (bleeping) kidding me. What a bunch of (bleep) holes.”

Welcome to the Big Apple, Mike.

Starbury has been a major distraction the last few seasons, and it’s going to be interesting to see how the Knicks deal with the final year remaining on his contract. If the chants keep up, they could just buy him out and send him home. They’re probably trying to move him, but who wants to take on his monster contract ($22 million)? Besides, whatever deal the Knicks could conceivably swing needs to include contracts that expire this season or next, as they are trying to clear cap space for the summer of 2010, when the LeBron James Sweepstakes could begin.