ESPN’s Shams Charania reports the Knicks are trading pick No. 31 and No. 55 to the Rockets for pick No. 39, No. 53 and a 2029 Kings second-round pick.
New York initially held pick No. 24 in this draft, but they have made multiple moves down, and their first pick will now be at 39. Houston will now hold the first pick of the second round, which will be their first selection in this draft.