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Report: Phil Jackson Tells Raymond Felton His Time Is Up With Knicks

NEW YORK (CBSNewYork) -- Raymond Felton once said he thought he was "better than any point guard."

Well, he wasn't all that great in 2013-14, and apparently New York Knicks president Phil Jackson isn't interested in seeing if he'll bounce back next season.

Felton was informed by Jackson during last month's exit interviews that he'll be traded this summer, according to SportsNet New York.

"Raymond has been told he will be moved this offseason," a source told

Felton, who helped lead the team to a 54-win season in 2012-13, is due nearly $9 million over the final two years of his deal, which includes a player option, SNY reported.

The 29-year-old was arrested on gun charges after a game in February.

Felton's season was a rough one on the court, too. He recorded 9.7 points, 5.6 assists 3 rebounds, all below his career averages.

The Knicks re-acquired Felton in a sign-and-trade with Portland in 2012. The team would later let Jeremy Lin sign with the Houston Rockets, leading to Felton's public show of bravado.

"I'm a competitor. Do I think I'm better? Of course I'm going to say that," Felton said during a broadcast of a Knicks summer league game in July 2012. "I think I'm better than any point guard. That's the way I'm supposed to think."

The Knicks are still searching for a head coach, and the belief is that Jackson will want to find someone to run his famous triangle offense.

He'll also need someone to execute the system on the court. Pablo Prigioni is on the roster, but chances are Jackson, currently without a pick in this year's draft, will turn to free agency or go the trade route.

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