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Mavericks are favorites for Amar'e Stoudemire when he clears waivers, per reports

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Stoudemire agreed to part ways with the Knicks tonight.

Cary Edmondson-USA TODAY Sports

UPDATE Monday, 2:06 p.m.: All signs continue to point towards Stoudemire signing with Dallas when he clears waivers on Wednesday.

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Big news near the end of the All-Star Game as Frank Isola reports that Amar'e Stoudemire will be a free agent once he clears waivers, as he and the Knicks agreed to a buyout:

This was later confirmed by ESPN's Marc Stein, who believes that the Dallas Mavericks are a front-runner for Stoudemire's services:

Tim MacMahon of ESPN Dallas thinks the Cavs are potential dark horse candidates:

The Spurs could also be in the mix:

Though knee injuries have robbed the former All-Star of his once terrifying athleticism, Stoudemire has posted solid numbers in recent seasons, averaging 12 points and grabbing a shade under 7 rebounds per game. With the Mavericks struggling with front court depth in a tough Western conference, Stoudemire could provide a strong presence off the bench.

Mavs Moneyball will bring you more news as it develops.