Knicks announce Bargnani trade, re-sign Prigioni

New York adds former No. 1 overall pick from Toronto in exchange for players, picks
07/10/2013 1:11 PM ET
By Lou DiPietro

The Knicks acquired the former No. 1 overall pick in a trade with Toronto.(AP)
Andrea Bargnani is officially a New York Knickerbocker, as the team officially announced his acquisition as soon as the NBA's signing and trade moratorium ended on Wednesday.

Bargnani, who was the No. 1 overall pick in the 2006 NBA Draft, was acquired in principle from Toronto last week for a package that included center Marcus Camby, forwards Steve Novak and Quentin Richardson, and three draft picks: a first-rounder in 2016 and second-rounders in 2014 and 2017.

Injuries limited the 27-year-old Italian to 35 games with the Raptors last season, and he averaged 12.7 points and 3.7 rebounds; for his career, the 7-footer has averages of 15.2 points, 4.8 rebounds, and 0.9 blocks per game over seven seasons.

The Knicks also officially announced that they have re-signed guard Pablo Prigioni, who averaged 3.5 points and 3.0 assists over 78 games as a 35-year-old NBA rookie last season, to a three-year deal that could be worth up to $6 million.

"We are very excited to have Pablo back in a Knicks uniform," GM Glen Grunwald said in a statement. "He is one of our catalysts on both the offensive and defensive end. His tenacity, leadership and experience played an integral role in our team's success down the stretch, and into the postseason."

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