On the surface, this deal makes no sense for the Knicks. Bargnani could score a little bit, until this year when injuries limited him to 35 games a mere 12.7 points a game. It could be argued that the scoring drop was a one year blip, and it might be. However, Bargnani has two other very significant flaws. For a seven footer, Bargnani's rebounding is atrocious. For his career, he averages just 4.8 boards a game. That's barely more than someone that tall could get just standing there for 30 minutes. Bargnani is also considered a major defensive liability. Those that know more about hoops can further elaborate, but I have no idea where Bargnani fits on the Knicks roster, or why he'd be worth giving up three future draft picks. Obviously the Knicks are in win now mode, but this on its face feels like a misfire.
For the Raptors, clearly the relationship between Bargnani and the team has soured to the point this was necessary. They get out of the $22.25 million owned to Bargnani in the next two years, and get three picks to help them rebuild. Camby and Novak don't really matter to what Toronto is trying to do, but the move is addition by subtraction.
UPDATE: According to Howard Beck of the New York Times, the trade has not been approved by the NBA. We'll keep you informed of further developments.
UPDATE: Knicks trade for Bargnani will NOT be approved by NBA tonight. As a result, teams will have to restructure under 2013-14 cap figures— Howard Beck (@HowardBeckNYT) July 1, 2013