"The New Orleans Hornets decided to sell their pick to the New York Knicks and chose Josh Harrellson, senior center from Kentucky for New York.

The Hornets will receive cash considerations from the Knicks for the transaction, reportedly about $1 million, according to league sources.

"We had a number of guys ont he board we thought could help us when those guys weren't available anymore, we decided to trade the pick," General Manager Dell Demps said.

"In the second round, there were a number of guys we targeted and when we could not get those guys, we decided to trade the pick. We do have roster spots available, but we didn't want to pick someone just to be picking. We had a group of guys we were hoping would be there.""