Coach Mike Woodson has time to decide if out-of-shape Rasheed Wallace can help the Knicks before owner James Dolan is on the hook for the entire $1.3 million veteran’s minimum.

If Woodson decides to use one of his 15 roster spots on Wallace, he can cut him after the season’s first two weeks and the club is on the hook for the small pro-rated portion of $1.3 million.

If Woodson uses the final two spots on a youngsters Mychel Thompson and Chris Copeland, he would cut Wallace by Oct. 31. Wallace then would only be paid training-camp money — $2,000 a week or $8,000 — not the prorated portion of his $1.3 million NBA contract.

Woodson hinted Wallace could practice for the first time Tuesday after the team’s three-game road trip.

“He’ll definitely be reevaluated after the road trip just to see where he is,’’ Woodson said. “And there’s a chance he can go next week based on my conversations with the doctor.’’

via Marc Berman of the New York Post