The Knicks are trading for Mudiay in a three-team deal with Denver and Dallas along with a second-round pick swap with Denver.

The New York Knicks will part with forward Doug McDermott, trading the Creighton product to Dallas in a three-team deal, which brings Denver Nuggets point guard Emmanuel Mudiay to the Knicks and the Mavericks’ Devin Harris to Denver, per ESPN’s Adrian Wojnarowski.

McDermott was acquired by New York in September 2017 from Oklahoma City, part of the package that sent Carmelo Anthony to the Thunder and Enes Kanter and a 2018 second-round pick (via Chicago) to the Knicks. McDermott averaged 7.2 points and 2.4 rebounds for the Knicks, appearing in all 55 games during the 2017–18 season including one start.

Denver sends a second-round pick to Dallas in exchange for Harris while sending Mudiay to the Knicks.

Emmanuel Mudiay, drafted seventh overall in 2015 (three spots behind Porzingis), is a 6’5″, athletic point guard who has seen his minutes shaved off by Denver in the last year. Mudiay started in the 66 games he played in during his rookie season but found his starting role diminished the next year; in 2017–18 Emmanuel has been relegated to the bench, where he has averaged 8.5 points, 2.2 rebounds, and 2.9 assists in 17.9 minutes. Before the NBA, Mudiay, then a top-ranked guard out of high school, spurned Larry Brown and SMU, instead finding a temporary home in the Chinese Basketball Association. Despite the one-year, international detour, Mudiay was drafted in the lottery by Denver. However, since the emergence of hot-shooting combo guard Jamal Murray, Mudiay has lost footing with the Nuggets’ organization. Mudiay averages 3.4 turnovers per 36 minutes and, per 100 possessions, his defensive rating is a terrible 112.

In addition to shipping off McDermott, New York will send a future second-round pick to Denver in a pick swap (while the Nuggets are sending a future second to Dallas, too).

UPDATE: 2:31 p.m. EST.

TKW’s own Jeffrey Bellone with an updated look at New York’s salary cap:

This post is updating.