Per SNY's Ian Begley, the Knicks and Pelicans "have had at least one conversation" about a deal involving Davis.
One thing that could work in the Knicks' favor is ESPN.com's Adrian Wojnarowski's report that Pelicans executive vice president David Griffin is "working to find multiteam trade scenarios that could redirect assets for players or picks" to make a deal more beneficial to New Orleans.
The Knicks' most valuable asset is the No. 3 overall pick in the 2019 NBA draft. Mitchell Robinson did show promise as a rookie with 7.3 points and 6.4 rebounds in 66 games, but teams like the Lakers and Celtics could theoretically offer a stronger package for Davis built around young players.
The Lakers have Brandon Ingram, Kyle Kuzma, Lonzo Ball and Josh Hart. The Celtics could lead with an offer centered around Jaylen Brown or Jayson Tatum.
If Griffin can get other teams involved in discussions, the Knicks don't have to worry about building a package with their own players and future draft picks to make a strong enough offer for Davis.
The Pelicans don't have to rush into a deal for Davis, especially since they own the No. 1 overall pick in next week's draft, as they pursue the best trade possible.