The Knicks will waive Joakim Noah before the roster needs to be set on Oct. 15 if they are unable to trade him, reports Stefan Bondy of the New York Daily News.
Before training camp, it was reported that the team was likely to cut ties with Noah, who has not reported for any team activities.
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 a potential buyout.
He was limited to seven games 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.