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Knicks Trade First-Round Picks for Five Second-Rounds, Save $10.8M

6/25/2026

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Summary

Story summary

The Knicks exited round one of the 2026 NBA Draft to acquire five second-round picks and cash.
They traded their No. 24/25 first-round slot, the 31st, 47th and 55th picks, and sent No. 25 pick Sergio de Larrea to Dallas for Koa Peat and two second-round picks.
Leon Rose said preserving $10.8 million of salary-cap space before second apron motivated the trades, sending Peat to Phoenix for three second-round picks and cash.

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Story summary

The Knicks exited round one of the 2026 NBA Draft to acquire five second-round picks and cash.
They traded their No. 24/25 first-round slot, the 31st, 47th and 55th picks, and sent No. 25 pick Sergio de Larrea to Dallas for Koa Peat and two second-round picks.
Leon Rose said preserving $10.8 million of salary-cap space before second apron motivated the trades, sending Peat to Phoenix for three second-round picks and cash.