Knicks Closing In On Trade For Karl-Anthony Towns

The Timberwolves and Knicks are close to a blockbuster deal that would send Karl-Anthony Towns to New York. The Knicks’ package would center around Julius Randle and Donte DiVincenzo, according to The Athletic’s Shams Charania and Jon Krawczynski (Twitter links).

The two parties are still working through the details but talks have intensified over last 24 hours, ESPN’s Bobby Marks tweets. Minnesota is also receiving the first round pick that the Pistons owe the Knicks, according to Steve Popper of Newsday (Twitter link).

The Knicks are sending DaQuan Jeffries and draft compensation to the Hornets to facilitate the deal, Charania adds (Twitter link). However, Jeffries is not currently on New York’s roster, so how he fits in to the deal remains to be seen.

It’s a stunning turn of events right before the start of training camp. New York was already involved in a major deal this offseason, trading for the Nets’ Mikal Bridges.

The addition of Towns would give the Knicks more flexibility with their lineup but would come at a large long-term cost in terms of payroll. Towns’ monster four-year, $220MM extension kicks in this season. He’s due to make $49,205,800 this season and his salary escalates over the life of the contract.

Randle has a $28,939,680 salary this season and has a $30.9MM player option next offseason. DiVincenzo is in the second year of a four-year, $46.87MM contract, including a $11,445,000 salary this season.

New York can’t take back more salary than they’re sending out since it’s over the $178.1MM first apron, while the Timberwolves can’t take more money than they’re sending out, cap expert Yossi Gozlan points out (Twitter link).

The Timberwolves could save $26.5MM in payroll and luxury tax penalties, though they’d still be over the second apron, Gozlan adds in another tweet. Randle also had a trade bonus worth $4.1MM, according to Gozlan (Twitter link).

Long-term salary cap implications would certainly factor into Minnesota’s decision, if the deal goes through. Towns has also suffered a number of injuries during his career and that could also be a factor in the Timberwolves’ thinking.

The Pistons, Hawks and Heat are among the other teams the Knicks talked to regarding potential Randle trades, SNY TV’s Ian Begley tweets.

Towns would give the Knicks a dynamic frontcourt scoring option to complement All-Star guard Jalen Brunson. He could also fill the center spot, which is in flux with Mitchell Robinson sidelined by injury and Isaiah Hartenstein signing as a free agent with Oklahoma City. Towns could also slide over to the power forward spot at times when Robinson returns.

Randle would replace Towns as the Timberwolves’ power forward, while DiVincenzo would provide Minnesota with a solid 3-point shooting wing. He’s coming off a career year in which he averaged 15.1 points.

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