Knicks NBA trade deadline guide: What I’m hearing, most likely to get moved

The New York Knicks are approaching what is considered their most important NBA trade deadline this century, with owner James Dolan expecting a Finals appearance. The team faces a critical decision: whether to pursue Milwaukee Bucks superstar Giannis Antetokounmpo—a long-time target—now, in the coming week, or in the offseason, or to focus on the current season's title chances.

Despite expectations of only marginal moves before the deadline, even small adjustments could impact the Knicks' playoff run. The front office, led by president Leon Rose, must weigh immediate competitiveness against the opportunity to acquire Giannis.

Key players in trade discussions include Guerschon Yabusele, whom the Knicks have been trying to move, likely requiring attached draft assets due to his struggles and a $5.7 million player option for next year. The team is also interested in New Orleans Pelicans point guard Jose Alvarado for backcourt depth, though he prefers to stay with his current team, and the Knicks would face competition if he becomes available.

Karl-Anthony Towns is involved in trade rumors, with reported tensions from past Knicks talks for Giannis and no extension offered despite eligibility. Towns is having his worst offensive season since his rookie year, though his rebounding remains strong. Some executives believe he is not off-limits in trades, with a potential return focused on salary-matching players and minimal draft compensation if moved separately from a Giannis deal.