Yesterday, New York Knicks shooting guard Allan Houston announced his retirement after 12 years in the NBA. With the Knicks for 9 seasons, Houston retires as fourth on the Knicks' all-time scorer list, ranks 2nd in all-time three-pointers with the team, and as a career 40.2% three-point shooter. Houston, 34, has had knee troubles for several years and has seen limited action in the last two seasons, playing only 70 games. Pressing to return after surgery on his right knee, Houston injured his left knee, ending his season after only 50 games during the 2003-04 season.

In recent years, Houston was booed at Madison Square Garden after signing a six-year, $100.4 million contract, but he never let the fans get him down, "The fans of New York were unbelievable. I want to thank the fans for not only supporting me, but challenging me." The Times reports that Houston will remain with the Knicks in some capacity, which has yet to be announced.

It doesn't look like Houston's retirement will help the Knicks with the salary cap, but depending on how the league looks his injury, it's possible that his salary will be excluded from the luxury tax. The Knicks are responsible for Houston's $39.8 million over the next two years.