According to NBA insider Jake Fischer, Clarkson reportedly gave back around $3.6 million in his buyout with the Jazz. "Jordan Clarkson gave back roughly $3.6 million in his Utah buyout, sources say, about the same veteran's minimum amount the veteran guard is expected to earn when he signs with New York upon clearing waivers," Fischer wrote.

On Monday afternoon, Charania confirmed a report from the Deseret News: Clarkson is likely to sign with the New York Knicks once he clears league waivers. Theoretically, any team with the cap space to pick up Clarkson’s contract could choose to pick it up, but that is unlikely to happen given Clarkson’s $14.3 million salary for next season.

Clarkson is finalizing a buyout with the Jazz for the final year of his contract, the Deseret News confirmed Monday. A number of teams have expressed interest in the 33-year-old guard, but league sources have indicated that the New York Knicks are the likely landing spot for Clarkson following the buyout.