New York Knicks Reportedly Agree to Deal For Raptors' Andrea Bargnani

Maxwell Ogden@MaxwellOgdenCorrespondent IIIJune 30, 2013

According to Howard Beck of The New York Times, the New York Knicks have reportedly agreed to acquire Andrea Bargnani from the Toronto Raptors, but the NBA has yet to approve of the deal.

UPDATE: Tuesday, July 2, at 9:15 a.m. ET by Brandon Galvin

Andrea Bargnani tweeted the following to his fans:

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UPDATE: Monday, July 1, at 12:33 a.m. ET by Eric Ball

Marc Spears of Yahoo Sports reports that the trade will indeed happen:

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UPDATE: Sunday, June 30, at 9:46 p.m. ET by Eric Ball

According to Howard Beck of the New York Times, the trade won't get official approval tonight. Odds are the deal with have to be restructured per Beck:

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UPDATE: Sunday, June 30, at 7:30 p.m. ET by Tom Kinslow

Michael Grange of Rogers Sportsnet has more details on the package the Raptors will receive from the Knicks for Andrea Bargnani. 

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UPDATE: Sunday, June 30, at 7:05 p.m. ET by Tom Kinslow

Howard Beck of the New York Times has an update on the status of talks between the two teams and the package being sent to Toronto for Andrea Bargnani.

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Per Beck's report, the Knicks are offering Marcus Camby, Steve Novak and two draft choices.

That package would represent a steep price for the former first overall draft choice.  

Adrian Wojnarowski of Yahoo! Sports confirmed Beck's report that a deal between both sides has progressed in a meaningful way. However, Wojnarowski's reported trade package differs slightly from the initial report.

If a deal were to occur, it would continue a week of blockbuster trades.

Bargnani was taken in the 2006 NBA draft over the likes of LaMarcus Aldridge, Brandon Roy and Rudy Gay. Now 27, the Italian power forward has experienced a tumultuous career in which his strong numbers have been panned by critics both locally and across the NBA.

Most recently, the 7'0" power forward averaged 12.7 points and 3.7 rebounds in 28.7 minutes of action during the 2012-13 NBA regular season.

To swap Camby and Novak for Bargnani wouldn't be such a loss for the Knicks, as the former has struggled to stay healthy and the latter is equally as one-dimensional. With Bargnani possessing elite size, there is undeniable upside.

With that being said, the Knicks have just two players under 28 years old, and giving away two draft choices would be a disastrous decision.

Of their seven first-round draft picks since 2006, just two remain on the current roster. That includes 2013 draft choice Tim Hardaway Jr., which thus brings into perspective the Knicks' unwillingness to get younger and build through the draft.

This appears to be yet another example of New York attempting to build a contender through free agency and trades.

The Knicks are not alone in expressing their interest for Bargnani, as Marc Stein of ESPN reports that the Los Angeles Clippers are seeking a trade for he and DeMar DeRozan. 

With the offseason upon us, it seems like the blockbusters will continue.