Ledo was waived by the Knicks on Thursday, Ian Begley of ESPN.com reports.

Ledo, who originally signed with the Knicks in March of 2015, averaged 7.4 points, 2.8 rebounds, 1.5 assists, and 19 minutes per game in his 12-game stint with the team. If he finds a new home after his departure from New York, Ledo's role will likely be limited along with his fantasy value.

Ledo signed with the Knicks in March and finished his 12-game stint in New York with averages of 7.4 points, 2.8 rebounds and 1.5 assists in 19.4 minutes per game.

Ledo has played 28 NBA games over the course of the past two seasons after being selected in the second round of the 2013 Draft. Following a failed stint in Dallas, the 22-year-old showed some promise for the Knicks toward the end this season, even if he was playing in relatively meaningless games. As of now, it remains to be seen where Ledo will continue his development next season, but his role is likely to be limited anyway.

Ledo signed with the Knicks for the remainder of the season.

Ledo's contract will run through the remainder of the season, which for the Knicks is five games at this point. It's unclear if the club is considering re-signing him for next year, but his minutes would likely be limited in 2015-16.

Ledo exploded for 21 points, nine rebounds, three assists, and one steal in 32 minutes of action Friday against the Wizards.

Ledo has been quietly averaging 12.8 points, 4.8 rebounds, 2.0 assists, and 1.6 treys over the last five games, and it seems like his stint of 10-day contracts have been a success for him. It's unclear if he'll be signed for the remainder of the season, but with the way he's playing, deep league owners should give him a look.

Ledo has signed a second 10 day contract with the Knicks, Steve Popper of NorthJersey.com reports

Ledo has not received much playing time with New York yet, but will continue to provide depth for the team, as they must like what they see in practice from Ledo.

Ledo was available for Thursday's game against the Timberwolves but didn't actually leave the bench.

Ledo just signed a 10-day contract with the Knicks and so Thursday's game was a bit premature to make his debut. He's not expected to make much of an impact during this stint in New York since he barely saw time off the bench during the first two seasons of his career in Dallas.

Ledo will be available Thursday against Minnesota.

Ledo, who signed a 10-day contract Thursday morning, will be an option for coach Derek Fisher off the bench, though Fisher only offered a "we'll see" when asked if Ledo would actually play.

Ledo will sign a 10-day contract with the Knicks, Ian Begley of ESPN reports.

Ledo has spent his entire two-career in Dallas but was released earlier in the season to make room for Amar'e Stoudemire. The Knicks are a rag-tag bunch this season under coach Derek Fisher so it's not unreasonable to think that the 22-year-old could see some extended time on the court in New York as the season draws to a close.

Ledo will be waived by the Mavericks to clear a roster spot for Amar'e Stoudemire, the Dallas Morning News reports.

Billed as a talented scorer, the second-year guard was never able to crack the Mavericks' rotation, instead spending much of his time in the D-League. he appeared in only 16 games for the Mavericks, averaging 1.3 points on 26 percent shooting. The move is expected to become official Wednesday after Stoudemire officially clears waivers. As a result, both Bernard James' and Greg Smith's roster spots appear to be safe for now, though that could change before Thursday's trade deadline.

Ledo failed to score in four minutes of playing time Monday. He missed two shot attempts and finished with one assist.

Ledo will remain with the Mavericks through the All-Star break but is likely to return to the D-League when the team begins to get healthy.

Ledo played the final four minutes of Dallas' blowout win over Sacramento on Thursday. He missed both of his shot attempts and grabbed one rebound.

Ledo remains a project player and currently isn't worth fantasy consideration.

Ledo was recalled from the D-League on Monday, Mavs.com's Earl Sneed reports.

Rajon Rondo will miss at least the next three games, so the Mavs needed some added depth in the backcourt. However, Ledo will likely only be used in emergencies, and should remain an afterthought in fantasy leagues.

Ledo was reassigned to the D-League on Friday, Earl K. Sneed of Mavs.com reports.

Ledo probably knows the route from the Mavericks' facilities to the Texas Legends' facilities like the back of his hand for the amount of traveling he does between each of the entities. In congruence with this, he'll likely be recalled by the Mavericks in due time, although he's not expected to see significant time on the court in Dallas anytime soon.

Ledo was recalled from the D-League on Tuesday, Earl Sneed of Mavs.com reports.

The second-year guard has appeared in just two games for the Mavs this season and will likely return to the D-League in short order.

Ledo has been recalled by Dallas, the team's official site reports.

Led had a big night for the Legends on Saturday, scoring 23 points to go with 10 rebounds and seven assists. Despite the success, he's expected to resume his end of the bench role with the Mavericks.

Ledo was reassigned to the Texas Legends of the D-League on Saturday, Dwain Price of the Fort Worth Star-Telegram reports.

Ledo has spent considerable time in the D-League since entering the league last season, and he's yet to make a true impact at the NBA level.

Ledo was recalled by Dallas on Saturday, Mavs.com's Earl Sneed reports.

Ledo regularly floats back and forth between the Mavericks and the D-League, which significantly limits his fantasy value.

Ledo was recalled from the D-League on Friday, Earl K. Sneed of Mavs.com reports.

Ledo has bounced back and forth from the D-League and the NBA this season and that will likely continue throughout the year. Considering that he hasn't played in any NBA games this season, it would be surprising if he saw significant time on the court during this current stint in Dallas.

Ledo was reassigned to the Texas Legends of the D-League, Earl Sneed of Mavs.com reports.

Ledo has already bounced between the Mavs and Legends a few times this season, and it likely won't be long until he's back in the D-League. The second-year guard out of Providence has not appeared in an NBA game this season.

Ledo was recalled from the D-League on Saturday, Mavs.com's Earl K. Sneed reports.

Ledo will likely go back and forth between the Mavs and the D-League several times this season, and given the depth at every position in Dallas, he is unlikely to have much of a fantasy impact.