July 1 (Bloomberg) -- The New York Knicks reached an agreement to acquire former No. 1 draft pick Andrea Bargnani from the Toronto Raptors for Steve Novak, Marcus Camby and a first-round selection in 2016, the New York Times reported, citing an unidentified person involved in the talks.
The 7-foot Bargnani, 27, has averaged 15.2 points and 4.8 rebounds a game since being taken by the Raptors with the first overall pick in the 2006 National Basketball Association draft. He’s owed $22.25 million over the next two seasons and unloading his contract was a priority for new Raptors General Manager Masai Ujiri, the Times said.
The trade can’t be officially completed until July 10, when the NBA’s moratorium on trades and signings is lifted.
Bargnani averaged 12.7 points in 35 games, including 25 starts for the Raptors last season. He’d join Carmelo Anthony, Tyson Chandler and Amar’e Stoudemire in a Knicks’ frontcourt that lost Rasheed Wallace and Kurt Thomas to season-ending injuries in 2012-13. Camby is 39 and owed $8.6 million over the next two seasons, while the 30-year-old Novak, a three-point shooting specialist, has three years and $10.9 million left on his deal with the Knicks.
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