The Knicks reached a decision on Wednesday to acquire Kyle Lowry from the Raptors, reports Frank Isola of the New York Daily News. However, Knicks owner James Dolan had second thoughts about the trade on Thursday and has vetoed it for now, Isola says. In addition to second-guessing the move, Dolan was “enraged” that details of the proposed swap had been leaked to the media, according to the Daily News report.
Adrian Wojnarowski of Yahoo! Sports reported on Thursday that the Knicks and Raptors had discussed a package of Raymond Felton, Metta World Peace, and a 2018 first-round pick for Lowry. Assuming that was the deal the Knicks were prepared to make, the club couldn’t have finalized it until Sunday, when World Peace becomes trade-eligible. That means Dolan could reconsider the move by then, and eventually approve it if the Raptors are on board, but for now he has “cold feet about trading a future asset,” according to Isola.
“There are two problems,” said Isola’s source. “Dolan didn’t like that someone from his group leaked it to the media, and the other problem is the Knicks seem to have too many (people) involved with making decisions.”
The source added that while the two sides had a deal ready to go, Dolan “didn’t want to get fleeced again by Masai [Ujiri],” which echoes what we heard from Wojnarowski. The Yahoo! scribe wrote that Dolan is sensitive to the public perception that Ujiri has gotten the best of the Knicks in trades that sent Carmelo Anthony and Andrea Bargnani to New York — the current Raptors GM was the top decision-maker for the Nuggets when Denver traded Carmelo to the Knicks in 2011.
The Raptors are said to be seeking either Iman Shumpert or Tim Hardaway Jr. if New York is unwilling to include a future first-round pick in its offer. Assuming Dolan and the Knicks don’t decide to move forward with a trade for Lowry, it could open the door for the crosstown Nets to land him. However, Wojnarowski reported on Thursday that Brooklyn has resisted offering a first-rounder or Mason Plumlee for the Raptors’ point guard so far.