The Grizzlies have engaged in advanced discussions with the Knicks that will Darko Milicic in New York by week's end, unless Memphis winds up needing Milicic's expiring contract in another draft-related trade.

Sources say that the proposed swap would send Milicic to the Knicks for Quentin Richardson and cash. Milicic is scheduled to earn $7.5 million next season in the final year of a three-year deal he received from the Griz in 2007; Richardson has a player option for next season at $8.7 million.