Thunder Acquire No. 11 From Knicks, Select Ousmane Dieng

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9:24pm: Commissioner Adam Silver officially announced the trade between the Thunder and Knicks on the NBA’s draft broadcast. According to Silver, New York is receiving three conditional future first-round picks in the deal.

8:13pm: The Knicks selected French forward Ousmane Dieng with the No. 11 pick in tonight’s draft, but he won’t play for them.

New York is trading Dieng to the Thunder, according to Shams Charania of The Athletic (Twitter link). Oklahoma City is sending the Knicks multiple first-round picks in the deal, per ESPN’s Adrian Wojnarowski (Twitter link).

That gave the Thunder back-to-back picks, since they also owned the No. 12 selection via the Clippers. That pick isn’t part of the trade with the Knicks, Wojnarowski tweets. OKC used that pick on wing Jalen Williams from Santa Clara.

Dieng, who played last season with the New Zealand Breakers, is considered the top international prospect in the draft and will give OKC another lengthy big man to pair up with No. 2 pick Chet Holmgren.

New York tried in vain to move up and acquire guard Jaden Ivey and ultimately decided to move down in the draft. By trading out of the first round, the Knicks reduce their salary cap obligations for this year, giving them more elbow room to dump salary if needed for another trade, perhaps as soon as a few days from now, cap expert Nate Duncan tweets.