Sources said that the Knicks have paid $3 million for the pick and are also giving the Lakers their second round pick in 2011 in order to acquire the 29th overall pick.

The Knicks appear to be targeting Georgetown 6-8 forward DaJuan Summers with the selection.

Other reports indicate that Jack McClinton or Josh Heytvelt could be the target.

Via New York Daily News

New York Knicks, Los Angeles Lakers

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