Report: Bargnani to Knicks agreed to in principal
UPDATE 4: According to Marc Spears, the trade has been completed.
Raptors just completed trade the of Andrea Bargnani to the Knicks, a source told Yahoo! Sports.— Marc J. Spears (@SpearsNBAYahoo) July 1, 2013
Andrea Bargnani deal agreed to in principle. Can't be completed until July 10.— Marc J. Spears (@SpearsNBAYahoo) July 1, 2013
UPDATE: According to Howard Beck, the trade will not be approved by the NBA tonight and, therefore, the deal will have to be restructured to fit the 2013-14 cap figure.
UPDATE: Knicks trade for Bargnani will NOT be approved by NBA tonight. As a result, teams will have to restructure under 2013-14 cap figures— Howard Beck (@HowardBeckNYT) July 1, 2013
UPDATE 2: Howard Beck reports that the deal is done pending league approval.
UPDATE: Knicks and Raptors have agreed to deal to send Bargnani to New York. Awaiting league approval.— Howard Beck (@HowardBeckNYT) June 30, 2013
UPDATE: Adrian Wojnarowski reports that the deal is close to being finalized.
Y! Sources: New York finalizing agreement with Toronto to acquire former No. 1 overall pick Andrea Bargnani. http://t.co/bzSFqr3emN— Adrian Wojnarowski (@WojYahooNBA) June 30, 2013
According to the New York Times' Howard Beck, the Toronto Raptors and New York Knicks are discussing a trade that would send Andrea Bargnani to the Knicks while the Raptors would get Marcus Camby, Steve Novak, a first-round pick, and a second-round pick in return.
Knicks appear close to acquiring Andrea Bargnani from Toronto, per source. NY offering Camby, Novak, 2 picks (1st rd/2nd rd).— Howard Beck (@HowardBeckNYT) June 30, 2013
Link: Knicks Are Said to Be Favorites to Acquire Raptors’ Bargnani http://t.co/hAe9PaHH5u— Howard Beck (@HowardBeckNYT) June 30, 2013
Bargnani, a former first overall pick in 2006, has averaged 15.2 points, 4.8 rebounds in seven NBA seasons.