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A Televised report says that the New York Knicks and The Portland Trail Blazers have agreed to a trade in principal. According to the reports, the Knicks would acquire forward Zach Randolph, guard Dan Dickau, and forward Fred Jones, in exchange for guard Steve Francis and forward Channing Frye. The report which came live during televised coverage of the NBA Draft at Madison Square Garden received cheers from Knicks fans, including filmmaker Spike Lee who was there for the Draft.

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