The Knicks are waiving point guard Brandon Jennings.

Thank you to all the Knicks fans for the love all year long, and thanks to my teammates and the organization.

— Brandon Jennings (@brandonjennings) February 27, 2017

New York will reportedly ink free agent guard Chasson Randle to take up Jennings’ spot.

The Knicks are planning to use Jennings roster spot to sign free agent guard Chasson Randle, league sources tell @TheVertical.

— Adrian Wojnarowski (@WojVerticalNBA) February 27, 2017

76ers needed Randle's roster spot in Noel trade w/ Dallas, waived him Thursday. He'll sign partial guarantee through 2017-'18, sources say.

— Adrian Wojnarowski (@WojVerticalNBA) February 27, 2017

Brandon Jennings told NYK recently he wanted to play for a playoff team, source said. NYK released the vet PG, plan to sign another. Woj 1st

— Marc J. Spears (@MarcJSpearsESPN) February 27, 2017

Jennings, 27, inked a one-year, $5 million deal with the Knicks last summer.