The Knicks could officially finalize a buyout with center Joakim Noah as early as Monday or Tuesday, according to the New York Post's Marc Berman.
New York has been likely to cut ties with Noah when the team begins training camp, and Berman reports the 33-year-old center will not be at Monday's media day.
Noah, who has two years remaining on his four-year, $72.6 million contract, could be waived through the stretch provision, but how much money the Knicks would save will depend on the terms of the buyout.
Noah was limited to seven games with the Knicks last season under head coach Jeff Hornacek, with whom Noah had a strained relationship. In two seasons with New York, Noah has averaged 4.6 points and 7.9 rebounds in 53 games.