On Saturday afternoon, the Knicks announced that the team has officially requested waivers on Lance Thomas.
The Knicks had until Sunday to decide whether they wanted to guarantee $1 million of his $7.6 million salary for the 2019-20 season.
SNY's Ian Begley reported earlier this month that the team was planning to waive Thomas, and that's exactly what they did on Saturday.
Sources told Begley that the Knicks have interest in bringing Thomas back as a free agent, as they value his leadership, professionalism and the way he has mentored the franchise's younger players.
Thomas, 31, is entering the final season of a four-year, $27.5 million contract. The Knicks originally acquired Thomas as part of a three-team trade in January of 2015. Thomas was the current longest-tenured member of the Knicks' roster.
He averaged 4.5 points and 2.1 rebounds in 46 games last season while averaging 17 minutes a game. The Duke product, who played high school ball in New Jersey, has eight seasons of NBA experience.