The Knicks completed the trade with Toronto to acquire Andrea Bargnani by including free agent Quentin Richardson in the revised trade.
The Raptors will receive Marcus Camby, Steve Novak, Richardson, a 2016 first-round pick and second-rounders in 2014 and 2017. In order to make the deal meet salary cap requirements, Richardson signed a three-year deal with only one year guaranteed, according to a league source.
Howard Simmons/New York Daily News
The addition of Quentin Richards to the Andrea Bargnani trade package seals the deal between the Knicks and Raptors.
Because it is a sign-and-trade, the deal can’t be official until the NBA moratorium is lifted July 10. Richardson needed to be included because players’ salaries changed on July 1.
The Knicks next order of business will be to re-sign J.R. Smith. The club also wants to re-sign point guard Pablo Prigioni and small forward Chris Copeland.