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Calvin Watkins ESPN Staff Writer 

Rockets signed guard Isaiah Taylor to a three-year non-guaranteed deal. Thomas will stay with the D-League team and take one of the two open roster spots.

Ian Begley ESPN Staff Writer 

Knicks formally announce that they've signed Chasson Randle and waived Brandon Jennings. People around the league believe this is the start of a youth movement over the final 20-plus games in New York. It seems like the playoff push has officially been abandoned.

Ian Begley ESPN Staff Writer 

As of this morning, Kristaps Porzingis was unlikely to play tonight against the Toronto Raptors, according to a source. Porzingis suffered an ankle sprain Thursday against Cleveland and missed Saturday's game against the Philadelphia 76ers. If Porzingis is out, Lance Thomas will likely start against the Raptors.

Zach Lowe @ZachLowe_NBA

Basketball gods need to make Richaun Holmes into a star or something. Give the Philly fans something fun.

Tim MacMahon ESPN Staff Writer 

Rick Carlisle on the Heat: "They've made an amazing turnaround. Erik [Spoelstra] has thrust himself into the Coach of the Year conversation without question." He added that he isn't sure he's ever seen a better drive-and-kick team in his 33 years in the NBA.

Ramona Shelburne @ramonashelburne

Joakim Noah is having arthroscopic surgery on his left knee today, per source. It's same knee as 2014 but I'm told it's a recent injury

Ian Begley ESPN Staff Writer 

An exact timetable for Joakim Noah's return from a knee injury hasn't been determined yet, according to a source. He will be examined by team doctors before a timetable is determined. Noah is likely to miss the rest of the season, according to a source. He is in the first year of a four-year $72 million contract.

Ian Begley ESPN Staff Writer 

For those scoring at home, Phil Jackson tried to trade one of the big-name players he signed this summer (Derrick Rose), waived another (Brandon Jennings) and a third (Joakim Noah) will likely miss the season due to an undisclosed knee injury. Don't think Phil will be getting any votes for executive of the year.

Ian Begley ESPN Staff Writer 

Joakim Noah is likely to miss the rest of the season due to an undisclosed knee injury, sources say. Noah signed a 4-year $72 million deal with the Knicks over the summer and has been hurt or performed below expectations for much of the season. He's missed games throughout the season due to a knee ailment. The Vertical reported reported that he Noah likely to undergo knee surgery that will end his season.

Dave McMenamin ESPN Staff Writer 

Deron Williams was not with the Cavs yet as of Monday's shootaround. Kyle Korver, his teammate for three years in Utah, said Williams will be welcomed in Cleveland. "I really think it's an incredible fit," Korver said. "Deron's someone who can play with the ball, he can get us into sets, he's obviously been a great point guard for a lot of years."

Dave McMenamin ESPN Staff Writer 

Kyle Korver is officially listed as questionable for tonight's game against Milwaukee with a right knee bruise but he told reporters "I'll fight through it" and will play.

Marc Stein ESPN Senior Writer 

The Nets just announced the release of Luis Scola, who suddenly joins the buyout market.

Dave McMenamin ESPN Staff Writer 

LeBron James missed Monday morning's shootaround as he continues to recover from strep throat. He is questionable for tonight's game against Milwaukee.

Ian Begley ESPN Staff Writer 

Chasson Randle is expected to be a available for the Knicks tonight against the Raptors, per a source. Randle and guard Ron Baker will compete for minutes at backup point guard behind Derrick Rose. Jeff Hornacek and the coaching staff have been impressed by Baker. Randle played well in the club's offense in the preseason.