New York Knicks

The Pelicans waived forward Matt Ryan, the team announced. Since entering the league, he's played for the Celtics, Lakers, Timberwolves, and Pelicans. However, he hasn't done much to benefit fantasy managers, averaging just 4.4 points in 63 games. Ryan could find a new team relatively soon. Yet, he'll likely spend most of his time at the end of the bench, which isn't ideal for fantasy purposes.

Per Adrian Wojnarowski of ESPN, New York Knicks forwardOG Anunobyintends to sign a five-year, $212.5 million contract extension with the Knicks. The extension includes a player option and trade kicker. He became an unrestricted free agent bydeclining the player optionfor the final season of the four-year, $72 million contract he inked with Toronto in 2020. Anunoby averaged 14.1 points, 4.4 rebounds and 1.5 assists in 34.9 minutes during 23 contests for New York in the regular season. The 26-year-old was sidelined for most of the final two months of the regular season with a loose bone fragment in his right elbowthat required surgery.

According to ESPN's Adrian Wojnarowski, the Nets traded forward Mikal Bridges to the Knicks on Tuesday night. In exchange, Brooklyn will receive multiple unprotected first-round draft picks and forward Bojan Bogdanovic. The former Villanova Wildcat took a step backward in 2023-24, averaging 19.6 points, 6.5 fewer than he had in 27 games in Brooklyn during the 2022-23 campaign. While the Nets had scoffed at numerous offers from other clubs around the National Basketball Association, Bridges will now reunite with former Villanova teammates Jalen Brunson, Josh Hart, and Donte DiVincenzo. Without question, the move makes New York an even bigger threat in the Eastern Conference, considering Bridges is the most durable player in the league. He was also in the running for a Defensive Player of the Year award at one point in his career. At any rate, the 27-year-old has plenty to offer fantasy managers, even though he'll have more competition for scoring opportunities with the Knicks.

Brooklyn Nets forward Mikal Bridges has been linked with three teams as the 2024 NBA Draft draws nearer. According to Yahoo Sports' Jake Fischer, Bridges is a "player to monitor" among the Utah Jazz's "most aggressive aspirations." Fischer has also listed the Houston Rockets and New York Knicks as potential suitors for Bridges. Previous reports have suggested that the Nets aren't interested in any deals involving the former All-Defensive First Team member. However, they might end up getting an offer which is too good to refuse. League sources have told Fischer that Brooklyn has actively tried to trade into this week's draft. Houston holds the No. 3 pick, Utah has the No. 10 selection, and New York boasts two late first-round picks.

New York Knicks forward OG Anunoby declined his $19.9 million player option on Monday, putting him in line to hit unrestricted free agency on June 30. Anunoby began the 2023-24 campaign by appearing in 27 games for the Toronto Raptors. But he was dealt to New York ahead of the trade deadline, where he averaged 14.1 points, 4.4 rebounds, and 1.7 steals. Unfortunately, the 26-year-old was limited to only 23 appearances with the Knicks during the regular season because of an elbow issue. Anunoby also missed time in the postseason because of a hamstring injury. Without question, the 2017 No. 23 overall pick was a difference maker for the Knicks, so the team will do everything possible to keep him. However, he's expected to double his annual salary on the open market.