Report: Kristaps Porzingis Traded from the New York Knicks to the Dallas Mavericks

Huge news in the NBA as one of basketball's brightest young stars is on the move.

According to Adrian Wojnarowski of ESPN, Kristaps Porzingis is being traded from the New York Knicks to the Dallas Mavericks.

New York has agreed with Dallas on trade that includes Kristaps Porzingis, Courtney Lee, Tim Hardaway Jr., for Wesley Matthews, Dennis Smith Jr. and DeAndre Jordan, league sources tell ESPN. Players and agents are being notified of particulars. Deal may include more draft assets.

— Adrian Wojnarowski (@wojespn) January 31, 2019

"New York has agreed with Dallas on trade that includes Kristaps Porzingis, Courtney Lee, Tim Hardaway Jr., for Wesley Matthews, Dennis Smith Jr. and DeAndre Jordan, league sources tell ESPN. Players and agents are being notified of particulars. Deal may include more draft assets."

Shams Charania of The Athletic & Stadium is reporting that Trey Burke will be included in the deal as well.

This blockbuster trade is on the heels of a report that Porzingis met with Knicks management about his concern regarding the "franchise's losing, its past dysfunction and his own uncertainty over creating sustainable organizational success." This report from ESPN was released only hours earlier to the news of the trade deal between the Knicks and Mavericks.

Porzingis is currently on the shelf recovering from a torn ACL that ended his season last year. It was initially believed that Porzingis could be on the verge of returning to the court but now that he's on the Mavericks, that timetable could change. However, the team would almost certainly like to see their new acquisition on the court with current Rookie of the Year candidate Luke Doncic before Porzingis is set for free agency this summer.

Charania is reporting that Porzingis informed the Mavs that he will sign a qualifying offer with the team.

Sources: All-Star Kristaps Porzingis is planning to inform the Dallas Mavericks his intent is to sign the qualifying offer in restricted free agency this summer.

— Shams Charania (@ShamsCharania) January 31, 2019

Despite the injury, Porzingis has shown to be one of the best players in the NBA when on the court. The Mavericks are hoping Porzingis and Doncic can form a young nucleus to build around moving forward.

Meanwhile, the Knicks receive their own player to build around in Dennis Smith Jr. and clear out enough cap space for 2 max salary players. The team will look to hit the reset button once again and hope the allure of playing for the storied franchise in Madison Square Garden can land them their own "Big 3" to feature in the Eastern Conference.

h/t Bleacher Report