The Knicks and Trail Blazers were in "advanced discussions" on Thursday in a trade that would land Zach Randolph in New York.

The Knicks are said to be offering Channing Frye and Steve Francis.

The Blazers may prefer to bring back Malik Rose in the deal which would be possible in July.  The trade does not need to be completed on draft day because no picks are involved.

If Francis is the other player, another Blazer would need to be included in the trade to make it work under the salary cap.