Jose Calderon Trade Rumors: Latest News and Speculation on Knicks PG

Jose Calderon has another year left on his current deal with the New York Knicks, but his departure from the Big Apple could come sooner rather than later.

Continue for updates.

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Knicks Looking at Other Options at Point Guard

Monday, Feb. 15

ESPN.com's Marc Stein and Brian Windhorst reported Monday that the Knicks are doing everything they can to move the veteran point guard ahead of Thursday's trade deadline at 3 p.m. ET. Citing sources, Stein and Windhorst wrote the Knicks are "talking up Calderon's leadership" and could include center Kyle O'Quinn in order to facilitate a possible trade.

Trading Calderon would allow New York to shift its focus even more so on acquiring Jeff Teague. ESPN.com's Ian Begley reported on Jan. 27 that the Knicks were discussing a possible move with the Atlanta Hawks for the 2015 All-Star.

Not only will a trade for Teague prove difficult, but the front office will have a hard time finding a suitor for Calderon. Even with the salary cap increasing next year, few teams will be willing to assume the $7.7 million due to the 34-year-old.

Calderon is averaging just 7.5 points and 4.1 assists a game, the former of which is a career low. He is shooting 40.7 percent from three-point range, which adds to his value somewhat. The Knicks have been a better team when he isn't on the court, though.

According to NBA.com, New York's net rating with Calderon on the court is minus-3.4 compared to minus-1.6 when he's on the bench. Calderon has never been a great defender, and that is becoming an even bigger liability since his offensive contributions can longer compensate.

Crazier things have happened, but Knicks team president Phil Jackson will be lucky if he can find a trade partner in his pursuit to offload Calderon.