Knicks buy Lakers’ #29 pick for $3 million; Lakers look to use money to re-sign Odom & Ariza - Laker Nation

Knicks buy Lakers’ #29 pick for $3 million; Lakers look to use money to re-sign Odom & Ariza

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.