Alan Hahn of Newsday wrote:
Multiple sources confirmed that the Knicks have discussed a potential blockbuster trade between the teams that would land the fifth overall pick and allow the Knicks to keep their spot at No. 8. The deal likely would have to include one of the team's most valuable assets, swingman Wilson Chandler, which would be a difficult decision.
This scenario also might include Larry Hughes going back to Washington in exchange for guard Mike James, a Long Island product, and a big man such as Etan Thomas or Brendan Haywood. All of the players involved have expiring contracts.
The bold move by the Knicks, however, would not be to target Thabeet or even Spanish guard Ricky Rubio. It appears more likely that Davidson's Stephen Curry or Memphis' Tyreke Evans are the more coveted prospects.
The Knicks then could use their own pick at No. 8 to land Arizona power forward Jordan Hill, if he still is on the board. If not, there is Duke's Gerald Henderson or USC's DeMar DeRozan to consider as potential replacements for Chandler.
There has been speculation that the Knicks - who are owned by Cablevision, which also owns Newsday - might make a push for Rubio, who has fallen out of favor with several of the top five teams.