Boom. In the quiet, with less than 24 hours before the start of Wednesday’s 2024 NBA Draft, the New York Knicks have pulled off a blockbuster trade with the Brooklyn Nets.
According to Adrian Wojnarowski of ESPN, the Knicks are shipping out four future unprotected first-round picks, a protected first-round pick via the Milwaukee Bucks, an unprotected swap, a second-rounder and Bojan Bogdanovic for Mikal Bridges.
BREAKING: The Brooklyn Nets have agreed in principle on a trade to send F Mikal Bridges to the New York Knicks for Bojan Bogdanovic, four unprotected first-round picks, a protected first-round pick via Bucks, an unprotected pick swap and a second-rounder, sources tell ESPN. pic.twitter.com/TEGsIpoa3b
— Adrian Wojnarowski (@wojespn) June 26, 2024
In a follow up tweet, Woj added: “The Knicks pay a steep price to land one of the league’s most coveted trade assets and the Nets get a massive haul to replenish assets and embark on a rebuild with mass cap space and future draft picks.”
With Jalen Brunson, fresh off his first All-Star bid, the All-NBA Second team, and having finished fourth in MVP voting, along with Josh Hart and Donte DiVincenzo, Bridges will now round out the Villanova Knicks.
The Knicks go deeper into the Villanova national championship roster — bringing Mikal Bridges to join his old teammates and close friends Jalen Brunson, Josh Hart and Donte DiVencenzo. pic.twitter.com/G544CT02zI
— Adrian Wojnarowski (@wojespn) June 26, 2024
The Nets once depleted their draft warchest for James Harden, who they then traded for Ben Simmons back in 2022. So this allows Brooklyn, who has reportedly turned down numerous other offers for the quintessential 3-and-D stud in the past, to restock and then some.
The next major question for the Knicks is what this could mean, if anything, for OG Anunoby’s future?
The former Raptor recently opted out of his one-year player option. And all insiders seem to agree that he’s all but certain to re-sign in New York. Would adding Bridges, someone who essentially plays the same small forward position as OG, change the equation? Could this be a form of “insurance” should Anunoby somehow walk? There have at least been rumors that OG’s camp was not satisfied with the extension offers he received from Knicks’ President Leon Rose — fueling rumors out of Philadelphia, a team named by numerous sources as having interest.
But there is still plenty of room to keep him around in New York if they trim in other places.
According to Yossi Gozlan, previously with Hoops Hype, the Knicks are now hard-capped yet could still theoretically retain both Anunoby and Isaiah Hartenstein.
The New York Knicks are now hard capped to the $178.7 million first apron by taking back more salary than they’re sending out.
This will have roster-building implications.
They could still re-sign OG Anunoby and Isaiah Hartenstein, but they’ll need to reduce payroll elsewhere.
— Yossi Gozlan (@YossiGozlan) June 26, 2024
Where would they cut costs then? We’ve already seen rumors that Mitchell Robinson could be on the move, with the Wizards being one team named.
Another former All-NBA Second Teamer, Julius Randle, also has a hefty salary, and should offer back some value if the Knicks looked to move the former Lakers and Pelicans power forward too. If they truly want to avoid the hard cap, then it makes sense why SNY’s Ian Begley had this to add:
NYK free agent C Isaiah Hartenstein is expected to be a top target for several opposing teams in free agency. With the offers that Hartenstein is expected to command on open market, it’s become increasingly unlikely that NYK will be able to retain Hartenstein, per SNY sources
— Ian Begley (@IanBegley) June 26, 2024
A little tidbit: Bogdanovic for Bridges would mean the Knicks taking on money in this trade, which would hard cap them at the first apron. If they found a way to guarantee Diakite and Jeffries and include them in the deal to Brooklyn, they would not be hard capped.
— Fred Katz (@FredKatz) June 26, 2024
As far as the Sixers are concerned, well, you can figure out the bad news rather quickly. Not only does Bridges’ name go off the trade market, he lands with the very team that just knocked Joel Embiid and the squad out of the playoffs back in May.
In many ways, Mikal would have made a perfect fit playing alongside Joel Embiid and Tyrese Maxey — and it doesn’t make things any easier to swallow remembering the Sixers once drafted the rangy wing before quickly trading him on Draft Day 2018.
As for Paul George? Well, the Knicks were one team that had been rumored to potentially have interest in PG should the nine-time All-Star opt in to his one-year player option. Brian Windhorst, Marc Stein and other reporters had previously named the Knicks as a team to watch should the Clippers’ former All-NBA forward pass up the chance to hit free agency — where Daryl Morey and the Sixers would almost certainly have a $212M max four-year deal waiting for the Palmdale native… assuming they don’t surprise us between now and July 1 like the Knicks just did.
With this move, George may lose one option he may have had in an opt-in and trade scenario. That is likely the one part of this move that Morey will — at least momentarily — enjoy. But the Golden State Warriors have already been named as another team to keep close watch on if PG doesn’t wind up hitting free agency but rather seeking trade from his native L.A.
The Athletic’s Fred Katz has been reminding fans that Anunoby is likely re-signing with the Knicks. And with this news bomb, Katz doesn’t appear to be changing his tune much:
One thought: A team that thinks it will lose OG Anunoby probably doesn’t trade away four unprotected first-round picks before free agency begins.
— Fred Katz (@FredKatz) June 26, 2024
Same goes for SNY’s Ian Begley:
Told that Knicks’ trade for Mikal Bridges does not change their hope that they can re-sign free agent OG Anunoby. That remains a priority for the club.
— Ian Begley (@IanBegley) June 26, 2024
If the Knicks really started to feel a cap crunch, in the instance they do keep Anunoby on a deal somewhere in the (rumored) $35M annual-range, perhaps Hartenstein would ultimately become New York’s casualty of this Bridges blockbuster.
The Nets were not done either.
More fro Woj on X:
“Another massive deal: Brooklyn has a deal with Houston to return the Nets’ 2026 first-round pick for a 2027 Phoenix Suns first-round pick, sources tell ESPN. Rockets also acquire 2025 right to swap Houston/OKC first for 2025 Suns first-round pick. More details coming on picks deal.”
Most importantly in the deal, per sources: Houston relinquishes the right to swap a Houston/OKC first-round pick for Brooklyn’s 2025 first-round pick. The Nets control their own pick as they go into a full rebuild — especially important in talented 2025 draft. https://t.co/jUR0f5lSjM
— Adrian Wojnarowski (@wojespn) June 26, 2024
So not only do the Nets “make up” for some of the picks they lost in that Harden deal by moving Bridges to the Knicks, they recouped some of their own picks they once moved in 2020-2021.
That means… wait for it… you guessed it… the Nets can finally tank and “improve” their own picks — something they couldn’t do back when the Boston Celtics possessed Brooklyn’s lottery picks — helping Danny Ainge and subsequent execs like Brad Stevens begin building the current 2024 champs back in 2016.
On the Rockets side of things, Woj had this to add:
The implications of the Rockets landing the Suns’ picks? Houston wants to trade for Kevin Durant and that becomes far easier if they can return the Suns’ picks that they gave up in the Durant deal to the Nets. Suns have said they’re keeping Durant for now, but that could change…
— Adrian Wojnarowski (@wojespn) June 26, 2024
Rockets possess a pick swap with Suns in 2025, Suns’ pick in 2027 and could end up with the Suns’ pick in 2029 based on contingencies. If the Suns are ever faced with breaking up team, Houston’s also in prime position to pursue a younger Devin Booker. For now, Phoenix is trying… https://t.co/p29C3XSpe2
— Adrian Wojnarowski (@wojespn) June 26, 2024
So now Morey and co. can keep watching the clock hoping that there isn’t a news bomb that PG has opted in; unless of course the Sixers have one of these shockers brewing themselves.
And oh right, maybe Kevin Durant could be available too, I guess? Add Durant to your wish list along with PG, Jimmy Butler, Anunoby and Brandon Ingram.
Must be nice….
Nets surely didn’t want to trade Mikal Bridges to NYK but Bridges’ side was prepared to force the issue by telling teams he wanted to be w/NYK, per SNY sources. Bridges’ side made it clear to BKN that he wanted to be w/NYK, reunite w/Villanova teammates Brunson, Hart, DiVincenzo
— Ian Begley (@IanBegley) June 26, 2024