The Knicks have officially announced their part of the trade with the Hornets, indicating that this deal will actually be split into two separate transactions.  

The Knicks and Pistons can’t complete their half of the trade until Detroit opens up cap room in July. 

9:47pm: Zach Lowe of ESPN confirms (via Twitter) that the Bucks’ 2025 first-rounder is headed to the Knicks in the deal.  

That means the trade, as reported so far, looks like this:  Pistons acquiring Jalen Duren and Kemba Walker

Knicks acquiring Bucks’ 2025 first-round pick (top-four protected; from Pistons). 

Hornets acquiring Nuggets’ 2023 first-round pick (top-14 protected),  Knicks’ 2023 second-round pick, the Jazz’s 2023 second-round pick, 

Hornets acquiring Nuggets’ 2023 first-round pick (top-14 protected),  Knicks’ 2023 second-round pick, the Jazz’s 2023 second-round pick, 

either the Mavericks’ or Heat’s 2023 second-round pick (whichever is  more favorable), and the Knicks’ 2024 second-round pick (all from  Knicks). 

According to Rod Boone of The Charlotte Observer (Twitter link), the Hornets are receiving the Nuggets’ 2023 first-round pick, 

the Knicks’ 2023 second-round pick, Utah’s 2023 second-round pick,  either Dallas’ or Miami’s 2023 second-round pick (whichever is most  favorable), and the Knicks’ 2024 second-round pick. 

All of those second-rounders belonged to New York, while the Nuggets’  2023 first-rounder (top-14 protected) was held by the Thunder — it’s  presumably one of the picks headed to the Knicks in the Ousmane Dieng trade. 

Boone’s report suggests that the Bucks’ 2025 first-rounder will go from  Detroit to New York rather than to Charlotte, but we’ll await further  confirmation to be sure.