There were some rumblings that new coach David Fizdale would "try" to talk to Noah to see if there was a way to bring him back into the fold.
According to ESPN's Adrian Wojnarowski and Ian Bagley and Fred Kerber of the New York Post, the Knicks will look to waive and stretch the remainder of Noah's contract if they can not complete a trade for him or get him to agree to a buyout.
After the hiring of Fizdale in June, Knicks management didn't rule out the possibility of Noah rejoining the organization for the 2018-19 season. Another is to trade him, but with the Hawks having already taken on Carmelo Anthony's contract in a salary dump this summer, it seems the window for finding a team willing to make such a move has closed - if it were ever open given Noah's contract is even worse being that it has one more year after this. Using the stretch provision after August 31 reduces Noah's cap hit to $6.4 million, saving the team $12.9 million toward the salary cap.
The Knicks are planning to part ways with Joakim Noah sometime after September 1, according to ESPN.
The $18.5 million salary for 2018-19 still counts toward the Knicks' salary cap, although that number could be reduced if a buyout is agreed upon with Noah, or if NY doesn't waive the set-off in his contract. Noah became vociferous toward Hornacek in the aftermath of a brief appearance in a January 23 game and engaged the coach verbally in practice the next day.
When Hornacek was sacked at the end of the season and David Fizdale took his place, the idea of Noah's return arose. Both sides agreed to a four-year, $72 million deal.
The Knicks pursued trades involving Noah ahead of the February deadline but were unable to find any suitable options, as teams have been reluctant to take on the remaining money owed Noah's way. In February 2017, the National Basketball Association suspended Noah 20 games for taking a banned substance - a suspension that cost him the first 12 games of the 2017-18 season.
In 2016-2017, he averaged 5.0 points and 8.8 rebounds in 22.1 minutes over 46 games played.