The Phoenix Suns may have to lower their asking price if they want to strike a deal on the Eric Bledsoe front.

Marc Berman of the New York Post reported on Tuesday that the New York Knicks rejected the Suns’ offer of Bledsoe for 19-year-old rookie guard Frank Ntilikina and 23-year-old big man Willy Hernangomez, finding it “ridiculous.”

The report is consistent with Adrian Wojnarowski of The Vertical also saying Tuesday that the Suns’ pursuit of a talented youngster for Bledsoe as well as the loss of leverage from the guard clearly wanting out are obstacles to a deal.