According to a report by New York Times writer Howard Beck, the Knicks are on the verge of sending Steve Novak, Marcus Camby, and two picks (2016 1st, and possibly a 2nd rounder) to the Raptors for former 1st overall pick, Andrea Bargnani.
And now confirmed by Yahoo’s Adrian Wojnarowski:
The deal brings an end to Bargnani’s time in Toronto, one that was of mostly disappointment.
He was a career 15.2 PPG and 4.8 REB player for the Raptors, but never developed to the Dirk Nowitzki-type they thought they were getting with the first overall pick of the 2006 draft.
He carries over two more years of his contract: $10,750,000 in 2013-14 + $11,500,000 in 2014-15 [Early termination year, but likely he opts-in]. The Raptors had been looking to dump his contract for a while and finally found a taker in the Knicks.
New York, for its own part, is in a tough cap situation, making less ideal trades such as this desirable.
They will part with Steve Novak and Marcus Camby, both signed to long-term deals last off-season and did not live up to them this year.
Novak, a surprising find for the Knicks in 2011-12, saw his 3-point percentage fall off from 47.2% to 42.5% this year, leading to 0.7 less 3’s made per game.
Camby, perpetually injured throughout his career, saw more of the same last season as he only made appearances in 24 games and had a career-low minutes per game at 10:24.
Novak had three years remaining on his deal, while Camby had two. With both seeing little time off the bench this year, the Knicks saw a way to take their contracts and add someone who could be of use.
A major problem Knicks fans may have with this trade is the loss of a future 1st round pick. If you think about it, if the Knicks are where they should be going forward, that pick will be in the late-20s, an area where the Knicks could find a way to buy a pick if necessary.
Along with this, Bargnani, Tyson Chandler, and Amare Stoudemire will all have expiring contracts going into ’14-15. These could wind up being commodities to either rebuild in the prior off-season, or trade for picks mid-season.