Adrian Wojnarowski of Yahoo! Sports is reporting the Knicks have purchased the 29th overall pick in tonight's NBA Draft from the LA Lakers. Los Angeles GM Mitch Kupchak said yesterday the team would likely try to move the pick to have enough money available to sign Lamar Odom and Trevor Ariza in the offseason.
Wojnarowski says this means the Knicks will target a PG with their own 8th pick and a big with the 29th selection. I would think that it could also mean New York wants to package the two picks together (perhaps with something else included) to try to move up and select Ricky Rubio, or to be sure they can land Stephen Curry, who might not fall past the Timberwolves and their two consecutive picks.