Jennings was waived Monday by the Knicks, Adrian Wojnarowski of The Vertical reports.

EDGE Analysis

Jennings reportedly told the team that he wished to play for a contender, so the Knicks decided to just waive the veteran point guard who is attached to a one-year contract. Should he go unclaimed, look for Jennings to explore his options with playoff contenders around the league, where he will likely be able to find a role as a solid No. 2 point guard. With Jennings out of New York, the Knicks plan to sign guard Chasson Randle, who was previously with the 76ers, as the team now lacks a legitimate second option at the point guard position.