Reports surfaced Saturday night that the Knicks were close to acquiring Raymond Felton through a sign-and-trade with the Blazers. Well, apparently whatever was holding the deal back is no longer, as the Knicks acquired Felton, according to a report from Frank Isola.
The Knicks have acquired Raymond Felton and Kurt Thomas from Portland for Jared Jeffries and Dan Gadzuric, sources tell the Daily News
— Frank Isola (@FisolaNYDN) July 15, 2012
This is a bit of a reunion deal for the Knicks as they acquire two players with previous stops in New York. Felton played 54 games for the Knicks during the 2010-11 season while Kurt Thomas spent seven seasons in New York (his last was 2004-05). Felton posted the best numbers of his career during his first stint with the Knicks, averaging 17.1 points and 9.0 assists per game. Felton will reportedly sign a three-year $10 million contract.
Blazers will sign guard Raymond Felton to a three-year, $10 million deal and then trade him to Knicks in sign and trade, source tells Y!
— Marc J. Spears (@SpearsNBAYahoo) July 15, 2012
The acquisition of Felton likely confirms the Knicks will not match the offer sheet Jeremy Lin signed with the Houston Rockets. Instead New York will rely on Jason Kidd and Felton to hand the point guard duties.
For more on the Knicks, visit Posting and Toasting and SB Nation New York. For more on the Blazers, check out Blazer's Edge. And for more on the Rockets, visit The Dream Shake and SB Nation Houston.
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