The Knicks plan to resolve the Joakim Noah situation before training camp begins, tweets Shams Charania of The Athletic. The team continues to make calls in an effort to find a trading partner and is expected to waive and stretch the veteran center’s contract if a deal can’t be worked out.
Noah has two seasons and $37.8MM remaining on the four-year, $72MM agreement he signed in 2016. With this year’s salary already locked in, New York can stretch the remaining $19.295MM over three years. That would amount to payments of about $6.4MM per year and would add an additional $12.9MM in cap space for next summer, when the Knicks are hoping to make a splash in free agency.
It’s also possible that Noah might accept a partial buyout on this season’s salary of $18.53MM to gain his freedom from a team that no longer want him, just as Luol Deng did with the Lakers.
Noah appeared in just seven games last season because of a combination of suspensions, injuries and coach’s decisions. He left the team in January after a heated confrontation with former coach Jeff Hornacek in practice and never returned.
It’s not clear where Noah’s next destination might be, whether he gets traded or waived. The Timberwolves, who have added four former Bulls under coach/executive Tom Thibodeau, were thought to be a possibility, but a report this week claims they aren’t interested.