Knicks sign guard Ryan Arcidiacono, waive Wayne Selden

With COVID and injuries still wreaking havoc on their roster the Knicks made a trade Monday that could precipitate an assortment of roster moves.

The Knicks were part of a three-team trade, first reported by ESPN, that sent Rajon Rondo to Cleveland. The Knicks received guard Denzel Valentine, $1.1 million and the draft rights to a pair of players not expected to play in the NBA — Brad Newley and Wang Zhelin — for the draft rights to Louis Labeyrie, who was drafted by the team in 2014.

While the deal will provide the Knicks with a cash payment and a roster spot once they, as expected, waive Valentine, it triggered a number of other moves. The team signed guard Ryan Arcidiacono to a 10-day…