It's official. As speculated the Knicks send Quentin Richardson along with cash to Memphis for Darko Milicic.
This gives New York another expiring contract. Milicic's contract will take over $7 million off the Knicks payroll heading into the 'Summer of LeBron'.
--As expected, the Knicks purchased the draft rights to the 29th overall pick for $3 million. They ended up taking Florida State Guard Toney Douglas.