The Knicks have until June 30 to decide whether they want to guarantee $1 million of veteran Lance Thomas' $7.6 million salary for the 2019-20 season.
The team's plan as of now is to waive Thomas before that deadline, sources tell SNY's Ian Begley.
Despite that plan, sources tell Begley that the Knicks have interest in bringing Thomas back as a free agent. The team values Thomas' 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.
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.