From Stefan Bondy:
Joakim Noah has until midnight Thursday or else he’s stuck with the Knicks.
That’s the deadline for the exiled center to reach a buyout if he wants to sign elsewhere and be eligible for the playoffs. However, as late as Wednesday afternoon, there had been no progress in negotiations. The Knicks still didn’t want to release Noah without significant money coming back in a buyout, and Noah was unwilling to surrender enough of his guaranteed contract.
Beyond the remaining money owed for this season, Noah still has two years and almost $38 million remaining on his deal.