Reblogged from ProBasketballTalk:
UPDATE 5:32 pm: Rasheed Wallace's agent spoke with ESPNNewYork.com and said that other teams should not get their hopes up about Sheed — he will play for the Knicks or nobody.
"That's my understanding, based on his relationship with Coach (Mike) Woodson," Strickland said by phone.
A team source said Wallace has not yet signed a deal, but that something could be done by the end of the day.