D'Angelo Russell is leaving Golden State, but he won't be moving back to New York City.
Russell then went to Golden State in a sign-and-trade deal. He is in the first season of a four-year, $117.3 million contract.
The 6-foot-4 Russell, who can play both point guard and shooting guard, is averaging a career-high 23.6 points this season.
Names the Knicks had reportedly floated in talks with Golden State for Russell included former lottery picks Kevin Knox and Frank Ntilikina as well as power forward Bobby Portis.
The Knicks fired team president Steve Mills on Tuesday, but were reportedly still pursuing Russell afterward, with general manager Scott Perry running the team's basketball operations. The Knicks are on the verge of hiring player agent Leon Rose to be their new president, according to multiple reports Thursday.