Brandon Jennings

Knicks to waive Brandon Jennings, sign Chasson Randle

The New York Knicks will waive point guard Brandon Jennings and sign former Philadelphia 76ers point guard Chasson Randle, per Adrian Wojnarowski of The Vertical.

What It Means:

The Knicks appear ready to tank and rebuild at this point, waiving the 27-year-old Jennings' expiring contract and replacing him with a 24-year-old rookie. Jennings averaged 8.6 points, 2.6 rebounds and 4.9 assists in 24.6 minutes per game with the Knicks.

The Knicks currently sit 24th in numberFire's team power rankings, and our models give them only a 2.2 percent chance of making the playoffs.