Well that’s all she wrote…

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.
  • mplakers

    more money to sign free agents with. looks like everybody is gearing up to “beat la”
    spurs pick up jefferson
    cavs get shaq

    and now rockets are looking to get stoudemire

    man we just won the championship and already i can’t wait till next year to see all the battles!

  • 123kid

    great job mitch!

  • http://www.visionofthefans.com Chris Manning

    Check this out. It’s actually about 3 million with that pick:

    “You can sell a 1st round pick for roughly 500k to 1 mill (I actually read that yesterday, believe it or not), PLUS save 1.5 – 2mill in guaranteed salary, which actually becomes 3-4 mill given lux tax implications. So in total, it theoretically gives us an extra 3.5 to 6 mill. in savings.”

  • Russ

    smart move for the Lakers…

    we don’t really need any rookies. we have a solid team as it is…

    i would have loved to see a new Laker, but we don’t really need anyone so i think we made the right move.

    I think we should look to trade our second round picks for some cash too. If we didn’t need our first round pick, lord knows we wont need our second round ones.

    now we just gotta sign odom and ariza…DO IT MITCH

  • http://www.visionofthefans.com Chris Manning

    To put it in perspective, we just earned money for Brown’s salary next season. It really gives us great room for negotiations to re-sign Odom and Ariza. Wonderful move by Mitch.

    Bravo!

  • http://www.myspace.com/guszo gus26

    we really don’t need to trade our second round picks.. we should draft players that are over seas and are about 2-3 years away.. because second round players don’t have guarenteed contracts.. for that same reason they could just draft a couple guys.. and then cut them..

  • http://www.visionofthefans.com Chris Manning

    Oh also, I believe the Lakers still have the 42nd and 59th picks in the second round of the draft.

  • barcalakerfan4life

    good move but why not get rid of some of the bums on our team?

  • kobe8

    i like it

  • ricky

    Mitch did a fantastic job selling that pick for $3 million. That can really be used to help us re-sign Lamar and Trevor. I would assume Shannon will be re-signed as well, he is such a great energy guy and an athletic, defensive-minded player. As long as we can secure those 3 back onto our roster, we should be fine. Also, I still worry about the point guard situation because Derek is going to be 35 by next season. Do we start him, or have possibly Jordan start instead?

    What about guys like Sun, Josh, and DJ? They all have non-guaranteed contracts if I’m correct. I hear DJ will be back and I hope Josh and Sun will be too. It will only give us more depth of the bench.

    How about trades? Should we look to make any deals? If so, who is on the out? Sasha? Luke? Morrison?

    If Sasha can regain his 07-08 form, I say he is worth keeping around. Luke has shown he is an important part of running the offense because he can do multiple things, pass, rebound, hustle, make smart decisions, and score on occasion. I would love to have Luke back cause he’s a good team mate, but his contract is really unattractive. Adam has not done much since coming into the NBA and he is in his last year. Even still, I’m curious to see what he can do if given more playing time. He was such a prolific scorer in college that it would be a shame to trade him them have him flourish elsewhere. He is still young and I would like to see him get better, but at the same time, he has an expiring contract I think between $4-5 million that we could possibly package in a deal to get a solid veteran who can contribute sooner.

  • Jesse Robinson

    This is good news, this is a weak draft anyhow so if we can resign Ariza and Odom we can make some good moves next year in the draft, we obviously have a great team already and alot of young players that are getting better!

  • Justin Fisher

    Get rid of two players and thir contracts, Sasha and Sun, save even more money, and hope we get a steal with one of the second rounders.

  • lainok

    you can’t get rid of sasha’s contract with out another team either trading, or buying it out. and after the season he had, no one is going to throw down 10 million on two seasons for him, especially with the economy the way it is. So like it or not, sasha isn’t going anywhere. To make some room, we drop powell and sun. Powell has had bright moments, so we might be able to trade for a smaller contract with him. Sun I just don’t think has what it takes. dj is fighter and should be kept around. He’s worth the paycheck just for the moral he lifts the team with.

  • Justin Fisher

    With Orlando just trading for Vince Carter..(yikes) Cleveland now with Shaq and the Spurs trading for Richard Jefferson, we may have to improve in at least one area to have a chance of repeating..

  • Myself

    This is getting ridiculous. Are the other teams that nervous about the Lakers that they are making all these trades, I didn’t see teams worrying so much last year after the celb***hes winning the championship. I believe the leagues knows the Lakers are the real deal and not a one done team like those leprechauns.

  • Justin Fisher

    Sorry to make matters worse, but the Houston Rockets are about to add Amare Stoudamire and Barbosa for Tracy McGrady and two bench players..Lakers better act fast, this may be a one and done.

  • LakersFirst

    [Comment ID #77163 Will Be Quoted Here]

    Don’t worry, Stouadmire can’t defend Gasol and Barbosa is overrated. Houston will also have a tough time resigning Artest. Everyone is gearing up to play the Lakers, but let’s face, it the Lakers with LO, Bynum and Gasol are a force to be reckoned with.

    DON’T WORRY.

  • LakersFirst

    [Comment ID #77160 Will Be Quoted Here]

    Vince Carter – HAHAHAHHAHAHA. That’s funny. Orlando gave up Rafer Alston and Courtney Lee for him. Vince Carter is past his prime. Courtney Lee was a good rookie (last year was his first year) and they are giving it up for Vince Carter? Orlando does this because they think Vince Carter can be their “closer”, instead of Turkoglu, who they might not even be able to resign. The magic starting five would be

    Howard
    Lewis
    Turkoglu (if they resign him)
    Nelson
    Carter

    But you know what…. they have no bench.

  • LakersFirst

    Now that Rafer Alston is moved to New Jersey, if I’m the Lakers, I strongly consider a way to acquire the services of Rafer Alston, a quick speedy point guard – which the Lakers need. No disrespect to Jordan Farmar, but I’m not sure he is fully panning out the way the Lakers were hoping.

    New Jersey already has a starting point guard in Devin Harris, whom they are going to give an extension to, why do they need a point guard like Alston who will probably want to start?

  • Justin Fisher

    I send Lakers.com those suggestions, and a Rafer move will be great, we need to add someone after today.

  • LakersFirst

    [Comment ID #77179 Will Be Quoted Here]

    The Lakers are NOT in a desparate rush to get anyone (don’t make silly trades as a knee-jerk reaction to what the rest of the league did). The Lakers concentration is to resign their free agents first. That’s the first step.

  • gus26

    with all the pgs that were selected in this draft.. there should be a servicable pg or maybe even a starter somewhere that we can pick up.. we should have snagged up sergio rodriguez but we missed that.. but there is jack in indiana… watson in OKC.. new jersey now has a bunch of pgs.. maybe they’ll waive speedy.. and there is a bunch of FA like kidd.. m.bibby.. and andre miller..

  • MR JUAN_YOUR WARLOCK

    Sounds like The Lakers 2nd round pick-(Chinemelu Elonu), has the potential to churn this late second round pick, into one of the best players ever to go 59th overall, in the history of the NBA draft! …An absolute steal of a deal!

  • YellowPurpleFever

    [Comment ID #77166 Will Be Quoted Here]

    Thats a great idea, for Rafer. If we can package Sasha for Rafer is an excellent choice for PG after Fish retires. Brown can come in to relief Kobe. Famar can be 3rd PG. We will keep the team intact.

  • hellbydante

    All we need is to keep our players and have them improve on their game during the off season… we do not need to bring another player who demands the ball… and how will they adjust to phil’s system? the magic are loading their starting lineup with scorers who are only effective when they have the ball… shaq is slow getting up and down the court… once bynum can get back into his dominant form, oour front court will be devastating… we are a very young team with so much potential… plus it was with this team which won a championship.. imagine how last season’s experience can add to their confidence entering next season… with kobe’s and fish’s guidance and vision on the court, look for another incredible run next season!… lakers are a complete team with players who are willing to sacrifice, fill in the gaps and play within the system…

  • Al The Laker fan you should meet

    Hello Rafer Alston is 33yrs old how in the hell is he the future…He’s not nearly in the same physical shape as Fish and plyas no D.

  • Al The Laker fan you should meet

    I have no faith in Rafer Alston as our PG…I’d rather have Keyon Dooling or Tyronn Lue at least they play D

  • TOUCHING_MYSELF

    Thanks to the NYC, you just helped pay for about 40% of Ariza’s salary for a year! You guys are like our new SUGAR DADDIES! Now can we interest you guys in a “great” shooter in Sasha? How about a “very competent and confident” point in Farmar? Seriously, you guys would love them!

    On the serious tip though, they’d actually thrive under D’Antoni’s system! It’s straight up RUN AND GUN! No need for D! Famar definitely loves to run and Sasha could probably do will in that system where he’ll get a bunch of open looks!