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.
Per ESPN's report, the Knicks will use the stretch provision, allowing them to spread the money they owe Noah in his final season over three years.
After a standout tenure with the Chicago Bulls from 2007-16, Noah signed a gargantuan four-year, $72.6-million contract with the Knicks in 2016.
In his two seasons in New York, Noah played in just 53 games (46 starts) and averaged 4.6 points and 7.9 rebounds in 19.9 minutes per game. The bad effect is that they'll be paying Noah $6.4 million annually until 2022.
The Knicks have been trying to deal Noah since last season but have been unsuccessful, since they were unwilling to include any of their young pieces or draft picks in a deal to potentially dump Noah's atrocious contract.
Along with the injuries, he also beefed with then-head coach Jeff Hornacek, and was essentially exiled from the team.
The former Defensive Player of the Year was still owed $38 million over the next two seasons.