Jack has been diagnosed with a torn ACL and a sprained MCL in his left knee and is set to undergo season-ending surgery April 1, Ira Winderman of the South Florida Sun Sentinel reports.

EDGE Analysis

Jack recently latched on with the Skyforce, although his season will come to an early end following this unfortunate diagnosis. The 35-year-old will have a long road ahead of him after surgery, so it's unclear at this point whether he'll even choose to come back for another season of professional basketball.

Jack signed a G-League contract Friday, Sam Amico of AmicoHoops.net reports.

EDGE Analysis

Jack, who last appeared in 62 games for the KNicks in 2017, averaging 7.5 points and 5.6 assists per contest, signed a G-League contract Friday. The 35-year old will be eligible to be acquired by any team seeking point guard depth and a veterans presence down the stretch.

Jack was waived by the Pelicans on Saturday, Will Guillory of The Athletic reports.

EDGE Analysis

Jack signed a one-year, non-guaranteed contract with the Pelicans prior to training camp with the hopes of earning a depth role in their backcourt. The Journeyman failed to make a big enough impression to land on the final roster and will now be left looking for another destination. His most likely landing spot will be somewhere looking for veteran leadership at point guard.

Jack will sign a one-year, non-guaranteed contract with the Pelicans, Shams Charania of The Athletic reports.

EDGE Analysis

Jack spent the 2017-18 campaign with the Knicks, where he played a surprisingly large role in the backcourt despite some intriguing younger pieces being present on the roster. He finished the year averaging 7.5 points, 5.6 assists and 3.1 rebounds across 25.0 minutes. He wasn't re-signed this offseason by New York and will instead travel to New Orleans to play for the Pelicans during the upcoming campaign. Jack will provide veteran leadership for a team looking to return to the playoffs, but he'll have a very tough time reaching the 25.0 minutes he averaged in New York if he makes the final roster. The Pelicans already have Elfrid Payton, Jrue Holiday, Ian Clark and Frank Jackson in the fold, all of whom should limit Jack's impact.

Jack recorded 7.5 points, 5.6 assists and 3.1 rebounds across 62 games played with the Knicks during the 2017-18 season.

EDGE Analysis

Coming off an injury-prone year, Jack averaged 25 minutes per game in what was his 13th NBA season and provided decent stats off then bench for New York. At 33 years old, the former Georgia Tech star still has gas left in the tank and is set to become a free agent this summer.

Jack registered 18 points (7-14 FG, 1-3 3Pt, 3-3 FT), seven assists and five rebounds across 26 minutes in Saturday's 115-102 loss to the Bucks.

EDGE Analysis

After earning eight consecutive DNP-Coach's Decisions, Jack has now logged minutes in each of the past two games, with Saturday night's game being more meaningful time. Jack led the team in points off the bench with 18, but while the old veteran looked good, the Knicks will continue to use him sparingly as the team closes down the season.

Jack did not see the floor during Wednesday's 118-101 loss to the 76ers.

EDGE Analysis

Jack has appeared in only one of the last 17 games, a March 17 win over the Hornets in which he had four points and one dime in seven minutes. With the team turning its attention to developing the younger players, Jack finds himself buried on the bench.

Jack is expected to move to the bench for Thursday's game against the Magic with Emmanuel Mudiay having replaced the veteran as the Knicks' first-team point guard during practice the past two days, Al Iannazzone of Newsday reports.

EDGE Analysis

Jack was never viewed as a part of the Knicks' long-term plans and was signed to a one-year deal in the offseason to act as a placeholder in the starting five until rookie lottery pick Frank Ntilikina was ready to take over the top point-guard role. While Ntilikina's development on the offensive end has been slow, he'll still benefit from an uptick in minutes in the second half, but it's the 21-year-old Mudiay, a 2015 lottery pick who struggled with efficiency during his two-plus years with the Nuggets, who will get the first opportunity to replace Jack. It's expected that Mudiay and Ntilikina will handle nearly all the minutes at point guard going forward, meaning Jack could very well fall out of the rotation entirely. With averages of 7.7 points (on 42.4 percent shooting from the field), 5.9 assists and 3.2 rebounds in 26.0 minutes per game in his 56 starts this season, Jack didn't offer much fantasy value outside of very deep leagues.

Jack scored five points (1-5 FG, 1-1 3Pt, 2-2 Ft) while adding five assists, two rebounds and a steal in 28 minutes during Wednesday's 118-113 loss to the Wizards.

EDGE Analysis

Although he didn't do much with the opportunity, Jack led all Knicks point guards in minutes on the night, seeing his largest workload in six games. There's no telling which of Jack, Emmanuel Mudiay or Frank Ntilikina will emerge as the leader at the position after the All-Star break, or indeed whether any of them will, so the situation is likely best avoided for fantasy purposes unless the division of labor becomes more predictable.

Jack, according to coach Jeff Hornacek, is a strong candidate to see decreased minutes following the acquisition of Emmanuel Mudiay from the Nuggets on Thursday's trade deadline, Ian Begley of ESPN.com reports.

EDGE Analysis

With Kristaps Porzingis (knee) out for the season, there already seemed to be little reason to deploy the team's veterans for extended run. The acquisition of Mudiay only lesses the chances Jack will remain fantasy relevant in standard formats, especially considering the presence of both Frank Ntilikina and Trey Burke.