Knicks president Donnie Walsh recently rejected a three-team deal that would have sent Anthony Randolph to Indiana, a first-round pick to Portland and Rudy Fernandez to New York, according to a team source.

The Knicks have been linked to Fernandez, who wants out of Portland and has listed New York as one of his preferred destinations.

The Trail Blazers want a first-round pick for Fernandez, which means the Knicks need to get a third team involved.