Yahoo: The New York Knicks are trading for Andrea Bargnani, because of course they ar

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As first reported by Howard Beck of the New York Times and subsequently confirmed by Yahoo! Sports NBA columnist Adrian Wojnarowski , the Toronto Raptors will send Andrea Bargnani to the New York Knicks in exchange for sharpshooting reserve Steve Novak, backup center Marcus Camby, New York's 2016 first-round draft pick and a pair of future second-rounders — at a minimum. The two sides were unable to finalize the initial iteration of the deal before the clock struck midnight on Monday morning, marking the start of the league's new fiscal year and the onset of new salary figures for all the players involved in the deal. Bargnani's salary increased by $750,000, while the total amounts owed to Novak and Camby decreased by just over $510,000; for the deal to work under the salary-cap rules in the NBA's collective bargaining agreement, the Knicks will have to send another player north of the border, with minimum-salaried reserves Quentin Richardson and Earl Barron appearing to be likely targets. The inability to finish the transaction before the calendar flipped to July 1 reportedly doesn't indicate cold feet by either side in getting it done — in fact, Yahoo! Sports NBA columnist Marc J. Spears reported shortly after the midnight ET opening of free agency that the two sides had completed and agreed in principle on a revamped deal — but the specific adjustment isn't yet known, and the contents of the deal could still shift before pens can be set to paper on July 10, following the league's moratorium on trades and free-agent signings. The persistent interest makes all sorts of sense from Toronto's perspective. While former Raptors personnel boss Bryan Colangelo was inexorably tied to Bargnani after not only drafting him first overall in 2006 but also giving him a (head-scratching, even at the time) five-year, $50 million extension in the summer of 2009, a new Raps regime led by recently hired former Denver Nuggets general manager and reigning NBA Executive of the Year Masai Ujiri had no such sentimental attachment; after taking the Raptors' reins on June 1, Ujiri reportedly made moving Bargnani his "first order of business." There was quite a bit of skepticism as to whether he'd actually be able to complete that business, though, for several reasons:

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