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Frank Isola: The Knicks have acquired Raymond Felton and Kurt Thomas from Portland for Jared Jeffries and Dan Gadzuric, sources tell the Daily News Twitter
Marc J. Spears: Blazers will sign guard Raymond Felton to a three-year, $10 million deal and then trade him to Knicks in sign and trade, source tells Y! Twitter
Ken Berger: Knicks have acquired Raymond Felton and Kurt Thomas from Portland for Jared Jeffries, Dan Gadzuric and 2016 2nd-round pick, source confirms. Twitter
Frank Isola: Knicks also receive rights to two players currently in Europe and send Portland a 2016 second round pick Twitter
Marc Berman: One agent in deal confirms Felton sign and trade is all done. Twitter
MONEY WISE, this is a VERY GOOD DEAL for a player of Felton's caliber...