Steve Nash Rumors: Knicks Emerge As Leader In Sign-And-Trade Arrangement, According To Report

After it looked like the Toronto Raptors were the favorites to land Steve Nash, the New York Knicks have surged back into the lead, according to Yahoo! Sports' Adrian Wojnarowski. The Knicks are looking at a sign-and-trade arrangement that would likely center around promising young guard Iman Shumpert, according to ESPN's Marc Stein. However, they are also looking for a third team that can provide assets so they wouldn't have to deal Shumpert.

After it's all said and done, the Knicks would likely sign Nash to a three-year contract worth between $27-30 million, according to Wojnarowski. The current arrangement has the Knicks sending Shumpert, Douglas and three other players back to Phoenix.

It looked like any sign-and-trade arrangement between the Phoenix Suns and Knicks would fall apart once the Toronto Raptors signed guard Landry Fields to a three-year offer sheet. Previous reports suggested that Fields was one of the cornerstones the Suns wanted in any sign-and-trade. However, it looks like the two sides are vigilant in getting a deal done even if Fields isn't involved.

For more on the Suns, please visit Bright Side of the Sun and SB Nation Arizona. For more on the Knicks, visit Posting and Toasting and SB Nation New York.

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