Knicks waiving former No. 2 overall pick Michael Kidd-Gilchrist

The Knicks will place veteran forward Michael Kidd-Gilchrist on waivers, according to Shams Charania of The Athletic.

Kidd-Gilchrist was in a difficult position because New York had 15 other players with guaranteed contracts for the upcoming season. An illness slowed him throughout training camp, and he didn’t appear in any preseason games. Kidd-Gilchrist had an Exhibit 10 deal, which would have paid him the minimum salary for one year if he had made the team.

The Knicks believed it was worth gambling on the 27-year-old, who was the second overall choice in the 2012 draft. His career has sputtered in recent years, and he played a combined 25 games last season for the Hornets and Mavericks.

New York still has to trim two more players off its roster before Monday’s deadline.