According to ESPN’s Shams Charania, the New York Knicks have traded Guerschon Yabusele and $500,000 in cash to Chicago Bulls for Dalen Terry.

After completing this transaction, New York will see themselves have financial flexibility below the second apron. Chicago plans on keeping Yabusele to strengthen their frontcourt.

In 41 games this season, Yabusele is averaging 2.7 points and 2.1 rebounds.

In 34 games this season, Terry is averaging 3.5 points and 1.9 rebounds.

According to ESPN’s Shams Charania, the New Orleans Pelicans have traded Jose Alvarado to the New York Knicks for Dalen Terry.

The official full terms of this transaction sees New Orleans landing Terry and two second-round picks, and New York getting Alvarado. Originally, the Knicks traded for Terry from the Chicago Bulls when they traded away Guerschon Yabusele.

In 41 games this season, Alvarado is averaging 7.9 points, 2.8 rebounds, and 3.1 assists. He has a player option for the 2026-27 season.

In 34 games this season, Terry is averaging 3.5 points, 1.9 rebounds, and 1.3 assists.

According to The Athletic’s Sam Amick, Karl-Anthony Towns to this day is still upset the New York Knicks entertained the idea of trading him away to the Milwaukee Bucks for Giannis Antetokounmpo.

The 30-year-old seeing this unfold “led to hard feelings” and never really getting over it. This comes at a time where Towns has criticized, and openly expressed his frustrations, about his role within head coach Mike Brown’s offense multiple times throughout this season.

It’s unclear if the Knicks are going to make any moves at the deadline, but Towns’ name has been a recurring topic of discussion of being moved from New York. He has two years left on his contract, which sees him making $118 million in total.

This season, he is averaging 20.2 points, 11.6 rebounds, and 2.9 assists per game.