The Atlantic Division champions and the Toronto Raptors have agreed to a deal involving the former No. 1 overall pick, a person with knowledge of the details said Monday.
Coming off an injury-shortened season that was his worst since his second year in the league, Bargnani will have a new home on July 10, once next season's salary cap has been set and deals can become official.
The Knicks will get the forward from Italy in exchange for three players and three draft picks, the person told the Associated Press on condition of anonymity because the talks were to remain private.
Toronto will receive Knicks reserves Steve Novak, Marcus Camby and Quentin Richardson, who will be dealt in a sign-and-trade scenario. The Knicks are also sending the Raptors a 2016 first-round pick and two second-round picks.
Bargnani, the No. 1 pick in 2006, has two years and about $22.2 million remaining on his contract. The Raptors have made the playoffs only once since drafting him.
He averages 15.2 points for his career but dropped to 12.7 per game last season on less than 40% shooting while playing in only 35 games, missing the last month because of a sprained right elbow. The 7-footer averages only 4.8 rebounds for his career and largely played on the perimeter in Toronto, but his three-point shooting tumbled to about 30% in each of the last two seasons.
Bargnani, who averaged a career-best 21.4 points three seasons ago, finished with his worst scoring and shooting numbers last season since he posted career worsts of 10.2 points and 38.6% shooting in 2007-08.
Celtics want to keep Rondo
Boston Celtics General Manager Danny Ainge says he's not trying to trade point guard Rajon Rondo.
But he says he'll keep listening to calls.
Ainge says teams could believe that since the Celtics have unloaded coach Doc Rivers and stars Paul Pierce and Kevin Garnett, they're looking to dump everything of value. But he says the team wants to keep Rondo as it tries to rebuild through the draft.
"Maybe the assumption is that we'll give away any of our players," Ainge said, listing not just Rondo but Jeff Green, Courtney Lee, Brandon Bass, Jared Sullinger and first-round draft pick Kelly Olynyk as players who have attracted interest. "There's been calls for all those guys. And maybe the assumption is we are just changing everybody, but we're not. We're starting to get younger."
Ainge said he was in no rush to hire a coach, and he repeated — definitively — that he would not take the job himself. But asked for a similar pronouncement to put the end to Rondo trade talks, Ainge said, "I always listen to calls and listen to what ideas are, but we have no intentions of moving Rajon."