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Lakers sell first round pick to Knicks for $3 million

June 25, 2009 | 11:00 am

UPDATE (4:40 pm):  Not gonna lie, this morning's deal with the Knicks takes some of the thunder out of the evening, but we'll keep the comments flowing, and follow us on Twitter (latimeslakers) for updates.  I'm in El Segundo, so if anything interesting does actually happen, it'll get passed along ASAP.  BK

Well, so much for all that stuff I posted about 15 minutes ago.'s Andy Katz is reporting that the Lakers, who made no secret about their desire to unload their first round pick in Thursday's NBA Draft, have done just that, selling the 29th selection to the New York Knicks for $3 million.  The money, presumably, will be used to help bring back free agents Trevor Ariza, Lamar Odom, and Shannon Brown, as well as avoid any obligation to pay a first round pick. 

Technically, my understanding is the Lakers will still be required to make a pick, but for practical purposes, the choice belongs to the Knickerbockers.   

None of this should be a shock to anyone, given GM Mitch Kupchak's comments following the team's exit interviews, and again on Wednesday in El Segundo.  The Lakers still have two picks in the second round.