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Report: Knicks ownership may reconsider trade for Lowry if team continues to struggle

Dec 14, 2013, 11:00 AM EDT

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The Raptors are rebuilding, and so not surprisingly, just about every player on the roster not tied to the team’s long-term plans is available in trade. Kyle Lowry is a skilled point guard that could help many teams, and with an expiring deal for just $6.1 million, he would come at a palatable price.

But the Raptors won’t just give him away, because they don’t have to — his salary comes off the books at the end of this season, so if nothing else, Toronto will get the cap space it desires for Lowry when the season is finished.

The recent deal the team made that sent Rudy Gay out of town and netted Greivis Vasquez does make Lowry expendable, however, and if assets are to be had in exchange for Lowry, the Raptors will make that deal — which is why both the Knicks and the Nets have been heavily rumored to be in the mix for his services.

The latest report on the Knicks front was that ownership shot down the deal that was close to being completed, partially because they didn’t want to give up a first round draft pick or a young player like Tim Hardaway Jr. or Iman Shumpert, but also in part because New York didn’t want to be seen as being taken advantage of by Raptors GM Masai Ujiri once again.

After Friday night’s loss in Boston, however, the Knicks may be forced to reconsider.

From Frank Isola of the New York Daily News:

The next 48 hours could determine whether James Dolan will trade a piece of the Knicks’ future — in the form of either a young player or a first-round pick — to acquire Toronto Raptors point guard Kyle Lowry.

With starting point guard Raymond Felton expected to be sidelined two to three weeks with a strained hamstring, Dolan could be forced into reconsidering a deal for Lowry if the Knicks continue to struggle against the Hawks on Saturday. …

Ujiri would prefer to receive another first-round pick, but there are reports that the Raptors would be amenable toward acquiring either Iman Shumpert or Hardaway in place of the pick. According to a source, the Knicks would prefer to keep Shumpert out of the deal for the purpose of including him in a future trade and perhaps package him with Amar’e Stoudemire.

The Knicks cannot possibly give up another first round pick (and they don’t even have any left to give until 2018), but they do like Hardaway and as the report noted, the team would like to retain Shumpert for inclusion in a larger deal for a more impactful piece — all of which makes New York’s choices here less than desirable.

It would seem to be inevitable that Lowry is dealt and that the Knicks will try to make a deal to shore up the roster. Whether or not the team caves to Ujiri once more remains to be seen, but it’s clear they need to get something done to see if they can turn things around.

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