The Toronto Raptors officially dealt former No. 1 overall pick Andrea Bargnani to the New York Knicks on Wednesday in exchange for three players and a package of draft choices.
The Raptors received 3-point specialist Steve Novak, veteran center Marcus Camby and swingman Quentin Richardson from New York, as well as the Knicks' first-round pick in 2016 and second-rounders in the 2014 and 2017 drafts.
Bargnani, taken first overall by Toronto in the 2006 draft, is coming off a disappointing an injury-plagued campaign in which the 7-foot Italian averaged 12.7 points and 4.8 rebounds while playing in just 35 games. The versatile forward did average a career-best 21.4 points in 2010-11, however, and 19.5 points the following season, and is a career 36.1 percent shooter from 3-point range.
"We collectively decided that a fresh start for both parties was the best way to move forward," Raptors president and general manager Masai Ujiri said in a statement. "We wish Andrea all the best."
Novak, a seven-year veteran, owns a career 43.3 success rate from beyond the arc and averaged 6.6 points as a key player off the bench for the Atlantic Division champion Knicks this past season.
The 39-year-old Camby was selected second overall by the Raptors in the 1996 draft and spent the first two of his 17 NBA seasons with Toronto. He averaged just 1.8 points, 3.3 rebounds and 10.4 minutes over 24 games with the Knicks in 2012-13.
Richardson had been out of the league for the majority of last season before joining the Knicks in April and appearing in five of the team's 12 playoff contests. The 33-year-old has averaged 10.3 points and 4.7 rebounds over a 13- year career spent with five different teams.