Noah hadn't been with the team since clashing with former coach Jeff Hornacek last season.
NY will waive and stretch Noah. Thus, the $19.3M Noah is due to earn for the 2019-20 season will be broken down, and they'll take a cap hit of $6.4M for three seasons starting in 2019-20. With no teams lining up to sign him upon his imminent free agency, Noah proved unwilling to leave any money on the table to facilitate the buyout, forcing the Knicks to eat the rest of his contract, sources told ESPN's Adrian Wojnarowski and Ian Begley.
Unable to find a trade, the Knicks waived the 33-year-old centre Saturday with two years and $37.8 million remaining on his contract.
Almost everyone predicted that the Knicks giving an injury-prone Noah a four-year, $72M deal when he was already 31 years old would be a mistake.
The former Chicago Bulls centre averaged 4.6 points and 7.9 rebounds with NY. He had great years with the Bulls, highlighted by being voted Defensive Player of the Year and first-team All-NBA in 2014.