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Knicks pick Spanish teenager Sergio De Larrea after draft trade with Lakers

knicks-pick-spanish-teenager-sergio-de-larrea-after-draft-trade-with-lakers
Knicks pick Spanish teenager Sergio De Larrea after draft trade with Lakers

The Knicks just kept on trading on NBA draft night.

The newly-crowned NBA champs made three trades on Tuesday night to end up with a handful of second-round draft picks and cash considerations.

They briefly held the draft rights to Spanish teenager Sergio de Larrea, a 6-foot-6 guard who played for Valencia after moving back from No. 24 to 25 in a deal with the Lakers.

Two basketball players, one in a green and black uniform and another in an orange uniform, in action during the Asisa Joventut V Valencia Basket - Liga Acb Endesa - Semi Final Game 3.

Sergio de Larrea of Valencia Basket and Yannis Morin of Asisa Joventut in action during the Spanish League, Liga ACB Endesa, basketball Semi Final Game 3 match played between Asisa Joventut and Valencia Basket on June 14, 2026. Europa Press via Getty Images

But just after the final pick of the first round, the Knicks traded de Larrea to the Mavericks for No. 30 pick Koa Peat and two second-round picks. They then traded Peat to the Suns for three second-rounders, including No. 47 on Wednesday night, ESPN.com reported.

The Knicks got cash considerations back in the first deal with the Lakers, The Post confirmed. 

Knicks president Leon Rose talks on the phone during the Knicks-Hawks Game 3.

Knicks president Leon Rose talks on the phone during the Knicks-Hawks Game 3. Charles Wenzelberg / New York Post

The Knicks were actively looking to get out of the first round because they have limited space to stay under the second apron – which owner James Dolan recently said he wishes to avoid, though it’s to be determined if that desire becomes reality.

The Knicks are already bringing back Mohamed Diawara on a multiyear deal worth $10 million, The Post’s Stefan Bondy confirmed.

And they have multiple free agents to make decisions on – namely Mitchell Robinson, Landry Shamet and Jordan Clarkson along with Ariel Hukporti and Jeremy Sochan.

A Valencia Basket player in an orange uniform and a referee walk across a basketball court as a crowd in orange cheers in the background.

Sergio De Larrea, #5 of Valencia Basket celebrates at the end of the EuroLeague Play Off Game Five match between Valencia Basket and Panathinaikos Aktor Athens at Roig Arena on May 13, 2026 in Valencia, Spain. Euroleague Basketball via Getty

Jose Alvarado has a $4.5 million player option, too. 

Assuming Alvarado opts in, the Knicks – if they stash de Larrea – are now roughly $16.5 million under the second apron.

They would have been around $13 million under the second apron if they stayed at No. 24, made that pick and signed that player. 

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