4:47 PM ET

Ian Begley

Close ESPN Staff Writer Covers the New York Knicks for ESPNNewYork.com

Adrian Wojnarowski

After waiving Joakim Noah on Saturday, the New York Knicks will use the stretch provision on the remaining year of his contract to clear salary-cap space in an effort to pursue top free agents in the summer of 2019, league sources told ESPN.

Using the stretch provision reduces Noah’s cap hit of $19.3 million in 2019-20 to $6.4 million, saving the team $12.9 million toward the cap. Stretching his contract, though, will cost the Knicks $6.4 million in cap space in the summers of 2020 and 2021.

Next summer’s free-agent class includes Golden State forward Kevin Durant, Toronto forward Kawhi Leonard, Boston point guard Kyrie Irving and Minnesota guard/forward Jimmy Butler. Irving, however, said earlier this month that he plans to re-sign with the Celtics.

Here’s what waiving Joakim Noah means for the Knicks’ plans in 2019 free agency.

Get ready for plenty of roster moves before Monday’s deadline.

Zach Lowe predicts which 2015 first-round picks will agree to new deals before Monday’s deadline.

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