The Knicks and former Kings vice president of basketball operations Scott Perry have agreed to a five-year deal for Perry to become their new GM, the Knicks announced Friday.
The Knicks will send a 2019 second round draft pick and cash considerations to the Kings in exchange for hiring Perry as their GM, reports Sam Amick of USA Today.
"It is an honor to be joining Steve [Mills], Jeff [Hornacek] and the New York Knicks as we begin a new chapter for this beloved franchise," Perry said in the Knicks' press release. "I am excited for this opportunity and the responsibility bestowed upon me. As a general manager, I will work tirelessly to develop a culture that demands results, commitment and pride from everyon fortunate enough to be associated with our team -- from our staff to our players. Nothing comes close to Madison Square Garden for basketball and it is our right and responsibility to showcase that tradition of excellence, day and night."
The move came just after the Knicks reportedly settled on Steve Mills as their next team president, according to The Record's Steve Popper.
The team met with Perry on Wednesday and were discussing parameters to make him the new GM, according to Adrian Wojnarowski and Ian Begley of ESPN.
The Kings granted the Knicks permission to interview Perry, reports Wojnarowski.
Perry, 53, had been promoted to vice president of basketball operations by the Kings in April. He spent the prior five seasons serving in a similar capacity with the Orlando Magic. Prior to joining the Magic, Perry worked in the front office for the Pistons and as the assistant GM for the Seattle Supersonics (now the Oklahoma City Thunder) from 2007-2008.
"One of the top evaluators of talent in the NBA," one NBA executive who has worked with Perry told Marc Berman of the NY Post. "The evidence is Sacramento's free agency this year."
It was clear the Knicks wanted to keep Mills -- who has been running the day-to-day operations -- as president after ex-Cavs GM David Griffin removed his name from consideration. Griffin wanted full autonomy in basketball-related decisions, and the Knicks would not allow him to have that power.
However, Mills is expected to have that authority moving forward.