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New York Knicks trade Austin Rivers, acquire Terrance Ferguson

The New York Knicks are making at least one move on NBA trade deadline day. As part of a three-team deal with the Oklahoma City Thunder and Philadelphia 76ers, the Knicks are trading away Austin Rivers and adding Terrance Ferguson.

Three-way deal with Knicks. Terrance Ferguson to New York in the trade, per sources. https://t.co/NU3JgmUV0k

— Adrian Wojnarowski (@wojespn) March 25, 2021

Rivers is on his way out of New York. His tenure with the Knicks began with promise, but quickly fizzled out as injuries and inconsistent play relegated him to the end of the bench.