Dallas Mavericks agree to trade with New York Knicks for Kristaps Porzingis

Knicks and Mavericks agree trade for 'unicorn' Kristaps Porzingis, say reports

That was fast. The New York Knicks, per Marc Stein of the New York Times, are finalizing a trade that will send Kristaps Porzingis to the Dallas Mavericks.

Smith returned to the Mavericks lineup on January 23 after a two-week absence while trade rumors swirled.

ESPN's Adrian Wojnarowski later tweeted the details of the exchange.

Though Dirk Nowitzki may retire after this season, the Mavericks are hoping Porzingis, 23, and the 19-year-old Doncic can be the centerpiece of their team for years to come.

Hours later, NY traded Porzingis to the Mavericks in a deal that brought back two future first-round picks, Dennis Smith Jr.

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This was not the first sign of cracks in the relationship between Porzingis and the Knicks. But by trading him and adding the expiring contracts of Jordan and Matthews, New York could have up to $74 million in salary-cap space this coming summer - enough room for two max contracts. Then the Knicks will be set up to be big spenders - perhaps for two top players - in a free agent market that could include Kevin Durant, Kawhi Leonard, Kyrie Irving and more. This also firmly re-aligns the Mavericks timeline around opening a window to contention in two to three years which clarifies all sorts of other impending decisions they'll have to make about their roster.

The Knicks (10-40) have the worst record in the National Basketball Association and are already going to get a high pick in the entry draft.

In December, team president Steve Mills said the team was pleased with Porzingis' recovery from his ACL, and another round of testing scheduled for mid-February could clarify his timeline for his return.

Prior to his injury, Porzingis was on his way to becoming one of the top players in the league. Porzingis reportedly plans on signing the team's qualifying offer of $4.5 million, allowing him to be an unrestricted free agent a year ahead of schedule.

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