The Knicks have missed out on trading for Warriors PG D'Angelo Russell, with the Timberwolves striking a trade with Golden State to land the All-Star, per ESPN's Adrian Wojnarowski.
Woj adds that Minnesota is swapping Andrew Wiggins, a 2021 protected first-round pick and a 2022 second-round pick for Russell, Jacob Evans and Omari Spellman.
As of Thursday morning, the Knicks still hadn't closed the door on the possibility of trading for Russell, SNY's Ian Begley reported. Sources also said that before president Steve Mills was fired, some in the organization believed that significant progress was made toward a Russell deal.
The Warriors were seeking to shed money from future tax bills, and they were close to their goal of avoiding the luxury tax even before the Russell deal. Now that goal is definitely met.
Part of the Knicks' thinking is to keep enough assets -- even if they do trade for Russell -- to be able to trade for another disgruntled star if they become available.
Begley reported Monday that the Knicks had registered interest with Golden State about trading for Russell, adding that it was unclear how far talks had advanced.
Two of the names that came up in conversations with the Warriors about Russell were Bobby Portis and Frank Ntilikina, according to Begley.
Meanwhile, one player the whole league is keeping an eye on is Karl-Anthony Towns, who weighed in on the rumors surrounding him on Jan. 18.
"I think you've been around me long enough to know I don't go for all the [expletive]," Towns said. "I just do my job, go home and I know what the real story is. There's a reason those stories are made because people need to sell papers, sell links and clicks, whatever the case may be. I'm here to be a Minnesota Timberwolf. Very fortunate I have a head coach like [Ryan Saunders], a president and friend like [Gersson Rosas]. I'm not worried about all that nonsense."
But now that Russell -- a very close friend of Towns -- is on the Timberwolves, the All-Star center may have had his wish granted in wanting a more competitive team.
The Knicks' continued pursuit of Russell on Wednesday was first reported by Newsday.