Yahoo! Sports: New York Knicks officials are telling peers they have purchased the Lakers’ No. 29 pick.
The Knicks are planning to draft a point guard with their choice at No. 8, and sources say they’re targeting a big man at 29.
Lakers GM Mitch Kupchak said on Wednesday the team hoped to sell its pick and use to money to help re-sign free agents Lamar Odom and Trevor Ariza.
UPDATE: The NBA champion Los Angeles Lakers have sold the No. 29 pick in the first round of the NBA draft to the New York Knicks for $3 million, multiple sources told ESPN.com’s Andy Katz.
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