The Knicks are asking for a first-round pick in exchange for Kyle O'Quinn, reports Frank Isola of the NY Daily News.
Isola doesn't note which teams the Knicks have engaged regarding O'Quinn.
O'Quinn, 26, averages 6.4 points and 5.6 rebounds in 55 games for the Knicks this season.
He is making $3.918 million this season and will earn $4.08 million next season and $4.25 million in 2018-19 before becoming eligible for free agency.
The NBA trade deadline is Thursday at 3 p.m. ET.
O'Quinn has been a pleasant surprise this season. His efficiency and per minute production has been eye-opening, especially given his failure to find a rhythm under Derek Fisher. Jeff Hornacek has entrusted O'Quinn with key minutes. He's been quite reliable off the bench and even serves as a double-double threat when filling in as a starter.
All of the sudden, last season's bench bust has become one of Phil Jackson's most underrated acquisitions to date. So why would the team want to part with O'Quinn?
The reality of the Knicks' situation is they've fallen short of competitive expectations. As they look to bounce back, it would make sense if they aim to regroup with a push towards younger talent. O'Quinn could stand to really help a contender. As such, he serves as a valuable asset at the trade deadline. Seeking out a first round draft for his services is an ambitious asking price. If a playoff team happens to bite the bait, it'd be difficult to turn that away, regardless of how well O'Quinn has played as of late.
The fact that the Knicks are gauging his value is further evidence they've got their eyes on the future.