Amar'e Stoudemire's agent, Happy Walters, acknowledged on Wednesday that he has begun conversations with the Knicks about a possible buyout for the former All-Star big man.

"I mean, I think there are a lot of options," Walters said on Daily News basketball columnist Frank Isola's NBA Radio show on SiriusXM. "I will say that the Knicks have been really great to Amar'e…and super supportive. And Jim Dolan, the owner, has been really loyal over the years to Amar'e and really great to him.

"And so I think Amar'e feels that he has a lot of loyalty to the Knicks and Jim, good days or bad days. He certainly didn't think his last year would be like it is now where the team is struggling, but I think anything is possible. Amar'e and I have talked about what to do and, you know, it is an ongoing discussion and I've talked to the Knicks a little bit about it, but we haven't gotten to anything substantive. And we'll kind of see how things go. Amar'e wouldn't do anything unless (Dolan) was cool with it, that's for sure."

The Daily News first reported Tuesday night that Walters and Phil Jackson were expected to meet this week in New York to discuss a possible buyout of the remainder of Stoudemire's team-high $23.4 million salary for this season. With playoff-bound teams such as the Mavericks and the Clippers expected to be in the market for help up front, Wednesday's game in Orlando - the Knicks' finale before the eight-day All-Star break - could be Stoudemire's final one in their uniform.

"We've got to see when that time comes. As of right now my loyalty is with New York and that's what it's going to be," Stoudemire said on Tuesday. "I'm not really focused on that quite right now. My focus is one game at a time with the New York Knicks. It's 'New York' across my chest still. We got a game against the Magic. We got to try and win that game and just go from there."