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Knicks exploring a Shved return, but he has competition

Grateful Shved?

According to an NBA source, the Knicks are contemplating offering productive Russian combo guard Alexey Shved their $2.8 million room exception given to under-the-cap teams that have reached the cap benchmark.

Shved, appreciative the Knicks gave him a chance after a couple of rocky, unfulfilled seasons with Minnesota, Philadelphia and Houston, would probably accept it.

But he’s just one candidate. The Knicks are still shopping what is left of their money to spend this offseason — sans the minimum contracts they can offer. They have had talks with 35-year-old shooting guard Caron Butler, who played last season with Milwaukee, and veteran shooting guard Willie Green, 33, who played for Orlando last season.