Trail Blazers To Trade Josh Hart To Knicks

The Knicks have reached an agreement to acquire Josh Hart from the Trail Blazers, tweets ESPN’s Adrian Wojnarowski. Portland will receive Cam Reddish and a first-round pick as part of the return.

Hart has an expiring $12.96MM contract, while Reddish is earning $5.95MM in the final year of his rookie deal, so at least one more player has to be included to match salaries.

Sources tell Michael Scotto of HoopsHype that Svi Mykhailiuk ($1.97MM) and Ryan Arcidiacono ($2.13MM) are also headed to the Blazers (Twitter link), which will satisfy the NBA’s matching rules.

The pick that New York is giving up is lottery protected for 2023, per Wojnarowski (Twitter link). If it doesn’t convey this year, it will turn into four future second-round picks. That’s presumably the Knicks’ own first-round pick, since the protection terms don’t match up with the other first-rounders they control.

New York appeared to be a late entry into the bidding for Hart, with the first rumors of a deal appearing earlier today. His toughness and tenacity on defense seem to make him a natural fit for coach Tom Thibodeau. The Cavaliers and Heat were among the other teams reported to have interest in trading for Hart.

The 27-year-old wing is expected to decline his $12.96MM option this summer and seek a long-term deal in free agency. He has been part of the starting lineup in Portland since the Blazers acquired him at last year’s trade deadline, and he’s averaging 9.5 points, 8.2 rebounds and 3.9 assists in 51 games this season.

The Knicks gave up a protected first-round pick last February to acquire Reddish, but he has fallen out of favor and hasn’t played since December 3. The 10th selection in the 2019 draft has washed out in Atlanta and New York, but he will have two months to audition for the Blazers, who can make him a restricted free agent with a $7.7MM qualifying offer.

Mykhailiuk, who signed a non-guaranteed deal with New York shortly before the start of training camp, has seen minimal playing time in 13 games.

Arcidiacono has played even less than his teammate, appearing in just 11 games and logging 26 total minutes in 2022/23. Due to the terms of his contract, he had the ability to veto any trade that involves him, but he has signed off on this one, tweets Ian Begley of

The Trail Blazers will gain some cap relief as a result of the deal and will move well clear of the luxury tax line after flirting with it for much of the season. Assuming no players are added to the deal and it remains a three-for-one swap, Portland will have to cut a player from its 15-man roster to make room for the newcomers.

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