2:17pm: The buyout between the Knicks and Noah is expected to be finalized either Monday or Tuesday, per Marc Berman of the New York Post.
9:12am: The Knicks are close to a waive and stretch agreement with veteran center Joakim Noah, tweets Shams Charania of The Athletic. No matter when the agreement is finalized, Noah will not report to training camp.
Several teams may have interest in signing Noah, notes Charania, who adds that he has put in a lot of work over the offseason (Twitter link).
Noah’s reputation has suffered greatly during his two years in New York. He was a recent All-Star and was considered a team leader when former Knicks president Phil Jackson gave him a four-year, $72MM contract in 2016.
Noah performed poorly during his first year with the team, posting a 5.0/8.8/2.2 line in 46 games, then fell apart completely last season. He opened the year under suspension for using a banned substance, then clashed with ex-coach Jeff Hornacek over playing time, resulting in a suspension in January that he never returned from. Noah appeared in just seven games throughout the season.
Noah still has two seasons and $37.8MM left on his contract. He is owed $18.53MM this year and $19.295MM in 2019/20, although both numbers could be reduced in a buyout agreement. The main focus for the Knicks is maximizing cap room for next summer, when they hope to be able to offer a maximum salary in free agency.