The Knicks have officially announced that they have waived center Joakim Noah, with both Adrian Wojnarowski and Ian Begley of ESPN reporting that the club will utilize the stretch provision on his contract after failing to reach a buyout agreement.
The team also officially announced the release of Kadeem Allen and Jeff Coby, thereby bringing its roster down to 17 players, including two two-way players, in time for the beginning of the regular season.
We wrote in extensive detail about Noah’s situation a few days back, with Stefan Bondy of The New York Daily News reporting that the Knicks would likely waive Noah when they set their 15-man regular season roster if and when the team was unable to find a deal to trade the veteran big man.
As Bobby Marks of ESPN notes, the Knicks will incur an $18.5M cap hit this season for Noah, which could be reduced by $522,252 if the center signs a guaranteed minimum salary contract elsewhere. For the next 3 seasons (2019-20 to 2021-22), the Knicks will be charged $6.4M per season.
Allen, a 2017 second-round draft pick by Boston, spent his rookie season on a two-way contract with the Celtics, but was waived earlier this summer before he signed a one-year, non-guaranteed contract with the Knicks. He could end up with the Westchester Knicks, New York’s G League affiliate, if he’s not picked up on waivers by another team.
Coby, 24, and a member of the Haitian national team, played four seasons in the Ivy League at Columbia before heading overseas and then going undrafted last year before signing with the Knicks earlier this month. He’s also a good bet to end up in Westchester.
Photo courtesy of USA Today Sports Images.