What happened: The New York Knicks acquired the draft rights to Spanish forward Sergio De Larrea through a draft-day trade with the Los Angeles Lakers. Los Angeles had used the No. 25 pick in the 2026 NBA Draft to select De Larrea before flipping his rights to New York.

Why it matters: The move gives the Knicks a developmental prospect on a rookie-scale path while the Lakers convert the late first-round selection into other draft-night flexibility. For a New York roster built around win-now stakes, adding a younger international piece offers cost-controlled depth heading into the 2026-27 season.

What to watch: Watch for the Knicks' next draft-night moves and whether De Larrea is stashed overseas or brought into the rotation. Roster construction around the pick should clarify in the days ahead.