Joakim Noah waived: Knicks release center, owe $38 million

New York Knicks

Knicks Waive And Stretch Joakim Noah

Joakim Noah #13 of the New York Knicks warms up before the game against the Minnesota Timberwolves on January 12, 2018 at Target Center in Minneapolis, Minnesota.

The New York Knicks have officially waived veteran center Joakim Noah, putting to bed one of the most ill-fated free-agent signings in recent National Basketball Association history.

Former team president Phil Jackson signed Noah to a four-year, $72 million contract in 2016, a move that didn't bring the Knicks much of a return on their investment.

Noah underwent knee surgery in February of his first season with the team, and just one month later was hit with a 20-game suspension for violating the league's anti-drug policy.

NY will waive and stretch Noah. As a result, they are adding nearly $13 million in cap space for the summer of 2019.

Don't expect to see Noah on another National Basketball Association roster anytime soon.

Along with the injuries, he also beefed with then-head coach Jeff Hornacek, and was essentially exiled from the team.

In the two seasons since, Noah has played in only 53 games with the Knicks, posting averages of 4.6 points, 7.9 rebounds and 2.0 assists per game. He won Defensive Player of the Year in 2013-14.

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