Knicks 2012 NBA Draft Picks: Grades, Results and Analysis

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2012 NBA draft updates and analysis will be available for all 30 NBA franchises live on Bleacher Report.

Here you will find everything you need to know for the New York Knicks.

Slides will be added for every move made by general manager Glen Grunwald and the rest of the Knicks staff, so check back for all the updates, including information and analysis on every player acquired throughout the night.

Don't forget to stay tuned and check out the final slide, where you'll find draft grades for each move the team makes, as well as the overall grade for the Knicks' 2012 draft.

Pick No. 48 Kostas Papanikolaou

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Kostas Papanikolaou, F (Greece)

2011-12 Stats: 7.7 PTS, 4.4 REB, 1.0 STL

The New York Knicks' fans waited inside Madison Square Garden for nearly four hours to hear Kostas Papanikolaou announced as the 48th pick in the 2012 NBA draft.

He's not the pick fans were expecting to hear, but at that point in the second round, a number of the drop-dead shooters had already come and gone.

The 6'8" forward is not going to address the team's shooting needs, but he is an energy player who will play hard and defend aggressively.

The problem? There's a good chance he'll be stashed overseas while his game continues to develop.

Grade: C-

Final Analysis for New York Knicks

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The New York Knicks began the night with one pick in the draft, and that’s exactly how they finished it.

It’s not a surprise that the Knicks made no other moves on draft night, but it’s a disappointment.

The pick itself earned a C- minus on potential alone. Kostas Papanikolaou is a solid effort guy who can contribute on the defensive end; but only if he’s in New York.

Nobody expected greatness out of the Knicks in this year’s draft, but with shooters such as Darius Johnson-Odom, Robbie Hummel and Marcus Denmon still on the board, the Knicks missed out on prospects who could jump in and provide perimeter play in New York next year.

Overall Grade: D

Knicks Draft Plans

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The New York Knicks enter the 2012 NBA draft with just one pick as a result of the three-team trade that brought Tracy McGrady to town back in 2010.

With only the 48th pick in their possession, the Knicks' draft plan could be as simple as it comes—draft and keep quiet.

The team could certainly try and swing a deal to move up, but at this point it seems highly unlikely without a lot of trade bait on the roster as it stands.

This year's draft is one of the deepest in recent memory, and if they stand pat at No. 48, there's a chance they could find a decent steal deep into the second round.

Knicks Biggest Needs

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The New York Knicks need shooting.

The team shot just 33.6 percent from the three-point line this season, which was only good enough for 21st in the NBA.

This year's class is deep, and luckily for the Knicks, it's deep with shooters.

There are a number of long-range threats who will last deep into the second round, and if the Knicks are smart, they'll find one now instead of overspending in free agency.