11:59pm: The trade is now official, according to a Knicks press release.
9:23pm: After trading the No. 19 pick to Charlotte, the Knicks have agreed to trade away their No. 21 selection as well, according to Shams Charania of The Athletic (Twitter link). It’s going to the Clippers, who have used it to select Tennessee wing Keon Johnson, per Charania.
According to ESPN’s Adrian Wojnarowski (via Twitter), New York will receive the No. 25 pick and a future second-rounder from Los Angeles in the deal. That second-round pick will be Detroit’s 2024 selection, Woj adds (via Twitter).
Johnson had been viewed as a potential lottery pick, but some teams had concerns about his medical records, according to Jeremy Woo of SI.com, who notes (via Twitter) that the swingman still has significant upside.
Meanwhile, although Knicks fans may be disappointed that the team traded away one of its first-rounders and moved down four spots with the other, the moves allowed the team to add two extra future draft picks and will create even more cap room for free agency — New York will only have to account for the cap hold for the No. 25 pick now, rather than Nos. 19 and 21.