According to a report from ESPN's Dave McMenamin and Adrian Wojnarowski, Rose has left the Cleveland Cavaliers and is "seriously reevaluating his future in the National Basketball Association".
While Rose put up 18.0 points per game with the Knicks last season, representing his best production since 2011-12, injuries continue to hamper him.
A team source told ESPN that Rose's numerous injuries are "taking a toll on him mentally". He later went on to win the MVP with the team in 2010-11 season. He was averaging 14.3 points per game in his seven games this season. He signed a one-year, prove-it deal that was to be LeBron James' next project in the way of helping players rectify their respective careers.
Rose, 29, has played in just seven games this season due to complications from a sprained left ankle initially suffered October 20.
Since suffering a torn left ACL in the Chicago Bulls' opening game of the 2012 playoffs, Rose has been plagued with injuries, playing in just 237 out of a possible 412 regular-season games. It's very clear that Rose won't be at the stadium to play for the Cavs, but the team was already prepared to have Jose Calderon on the court as the starting point guard.