Raptors, Knicks Working On Kyle Lowry Trade

December 12 2013 at 2:43pm CST By Chuck Myron

2:47pm: The Raptors are sticking to their asking price of a quality young player or a first-round pick in return for Lowry, notes Chris Mannix of SI.com, tweeting that negotiations could take a while. Lowry has plenty of interest in playing for the Knicks, but Felton’s injury doesn’t help the chances of the Knicks landing Toronto’s point guard, reports Marc Berman of the New York Post, who says several teams including the Raptors have inquired about Hardaway.

1:56pm: The chances that Shumpert is part the deal are slim, according to Bleacher Report’s Howard Beck, who says the Raptors aren’t high on him and the Knicks prefer to keep him for now (on Twitter).

1:39pm: Shumpert’s name has come up in discussions between the Raptors and Knicks, tweets Ian Begley of ESPNNewYork.com. In his piece on rumors around the league, Jared Zwerling of Bleacher Report wrote that Shumpert, along with Felton, would “most likely” be part of a deal for Lowry.

1:04pm: Isola can’t envision Hardaway being part of the deal, citing owner James Dolan’s affection for the rookie (Twitter link).

12:53pm: The Nets and Warriors are also interested in Lowry, according to Frank Isola of the New York Daily News, while Stein says the Knicks may be forced to put Tim Hardaway Jr. into the deal (Twitter links).

12:47pm: The Raptors are trying to elicit more offers for Lowry, and that’s why they’re leaking the news of their talks with the Knicks, tweets Ryan Wolstat of the Toronto Sun.

12:38pm: Kyle Lowry has been mentioned prominently among Raptors who could be on the move as GM Masai Ujiri aggressively reshapes the team, and he’s at the center of trade talks between Toronto and the Knicks, reports Marc Stein of ESPN.com. The trade would likely feature Raymond Felton and at least one other Knick heading north of the border unless a third team jumps in, Stein also notes (on Twitter).

The Knicks had interest in trading with the Nuggets for Andre Miller, but they’ve shifted their focus to Lowry, according to Adrian Wojnarowski of Yahoo! Sports (Twitter link). The Raptors are looking for a first-round pick in the deal, Bleacher Report’s Howard Beck notes (via Twitter), but the earliest first-rounder the Knicks can deal away is their 2018 pick.

Lowry is among nine Raptors with an expiring contract, as I examined earlier today, and his $6.21MM salary might make him an attractive target for teams looking for a starting point guard. The Knicks will miss Felton for the next two to three weeks as he recovers from a strained hamstring, as Newsday’s Al Iannazzone tweets. While that’s certainly not a long-term absence, New York may feel as though a quick fix is necessary to avoid falling further behind in the Eastern Conference. The Knicks are 6-15, but that’s just two and a half games out of a playoff spot, given the struggles of so many Eastern teams this year.

The teams hooked up on the Andrea Bargnani trade over the summer, though that happened while former Knicks GM Glen Grunwald was still in charge in New York. New Knicks GM Steve Mills has yet to make a major move since taking over shortly before the season.

A one-for-one swap of Lowry and Felton, who’s making about $3.6MM, wouldn’t work under salary-matching rules. The Knicks would have to include about $1.5MM more in outgoing salary. They could accomplish that by throwing Iman Shumpert into the deal, and while Shumpert has been at the centerpiece of most of the trade chatter involving the Knicks this year, it’s not clear whether he’s a part of these talks.

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