Since re-engaging with the Jazz in trade talks, the Knicks have made an offer for guard Donovan Mitchell that includes Evan Fournier, Obi Toppin, and five first-round picks, according to Shams Charania and Tony Jones of The Athletic.
According to The Athletic’s duo, two of the five first-round picks the Knicks offered were unprotected. Those two picks would have to be New York’s own, since all the extra first-rounders the team has acquired from other clubs have some form of protections on them.
Charania and Jones also report that New York’s offer included “additional salary.” The Knicks would have to add at least one player to Fournier and Toppin in order to match Mitchell’s $30.35MM cap hit — Miles McBride and Cam Reddish are perhaps the most likely candidates to be that additional player.
A report in mid-July, when the Jazz and Knicks first engaged in serious discussions about Mitchell, indicated that Utah was seeking six first-round picks, plus young players like Quentin Grimes and Immanuel Quickley, in exchange for the All-Star guard.
New York appears to have moved toward closing that gap, but Utah will presumably continue to haggle over the protections on the picks as well as the young Knicks players included in the return. The Jazz would probably also rather acquire Derrick Rose and his expiring contract for salary-matching purposes than Fournier and his multiyear deal, but could relent on that point if most of the rest of their asking price is met.
Mitchell remains under contract for at least three more seasons with a player option for 2025/26 and reportedly hasn’t made a trade request, so Utah has conveyed no urgency to move him. However, if the Jazz can secure a return that matches or exceeds the one they got for Rudy Gobert earlier this summer, the expectation is that they’ll pull the trigger.