The Knicks are considered a longshot to acquire the second overall pick despite Tuesday's report from the Commercial Appeal.

The Knicks could take back a contract from the Grizzlies for Cuttino Mobley's deal, of which 80 percent is covered because he retired with to a heart condition.

A person with knowledge of the situation said the Knicks understand they likely would be a third or fourth option for the Grizzlies, who, according to the report, are also receiving interest from the Celtics and Rockets.