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How the Knicks' chase for a superstar free agent changes now

What's in store for the Knicks in the summer of 2019? AP Photo/Kathy Willens

Where do the New York Knicks stand for the summer of 2019 after waiving Joakim Noah?

After months of rumors about a possible buyout for Noah, the Knicks ended up waiving him without any discount whatsoever, opening up a roster spot but forcing them to stretch the $19.3 million Noah was scheduled to make in 2019-20 -- the last season of his ill-fated, four-year, $72 million contract -- over the next three seasons.

How much cap space will that give New York next summer, when the team hopes to add a marquee free agent to its base of young talent? And why might the Knicks regret stretching Noah rather than attempting to trade his salary next summer? Let's take a look.