Stoudemire Will Not Join Team USA

Amare Stoudemire will not play for the United States in next month’s world championships because of problems insuring his contract, a damaging blow to the Americans on the day training camp opened.

The New York Knicks new forward was expected to be one of the Americans’ top players in Istanbul, Turkey, but the team learned of the change of plans Tuesday.

The Knicks asked Stoudemire to pull out Monday night and he understood, though he was looking forward to rejoining the team after playing for the Americans in the 2007 Olympic qualifying tournament. He could still play in the 2012 Olympics if the insurance issues are worked out.

Stoudemire has had microfracture knee surgery among his injuries, a major reason Phoenix wouldn’t offer him a maximum length contract. The Knicks then gave him a five-year deal worth nearly $100 million, even while saying they weren’t sure if the contract could be insured.

According to the Knicks, the insurance policy from Stoudemire’s contract with the Suns is still in place, but it excludes his surgically repaired left knee. The Knicks have begun working to secure insurance on his new deal, but that hasn’t been completed.

Press Release

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