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Sources -- Knicks to acquire Mikal Bridges from Nets - ESPN

On the eve of the NBA draft, the Knicks and Nets made their first trade with each other since 1983 and did so in dramatic fashion, as New York agreed in principle to acquire Mikal Bridges from Brooklyn for Bojan Bogdanovic, five first-round draft picks, a first-round pick swap and a second-round selection, sources told ESPN's Adrian Wojnarowski on Tuesday.

Brooklyn will receive unprotected New York picks in 2025, 2027, 2029 and 2031, along with an unprotected pick swap with New York in 2028. Brooklyn also will receive a top-four protected 2025 first-round pick via the Milwaukee Bucks, as well as a 2025 second-rounder.

The Knicks will acquire a 2026 second-round pick from the Nets to complete the deal.

Bridges, 27, has never missed a game in his NBA career, averaged 19.6 points this past season for Brooklyn and is seen as one of the elite «3-and-D» players in the league.

The deal is the fifth between the two New York franchises since the Nets entered the NBA in 1976 — and the first since the Nets traded Len Elmore to the Knicks for a 1984 second-round pick (used on Tom Sluby) on June 22, 1983.

Almost 41 years to the day later, the teams struck a true blockbuster trade with massive reverberations for both franchises moving forward.

With the Knicks, Bridges reunites with former Villanova teammates Jalen Brunson, Josh Hart and Donte DiVincenzo, who led the Wildcats to the 2016 national championship. Brunson, Bridges and DiVincenzo went on to win a second title together two years later.

Now, they'll look to help end a 52-year championship drought next spring for the Knicks, who won a playoff series in back-to-back seasons this past spring for the first time in 24 years (New York beat the Philadelphia 76ers, then lost to the

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