The Knicks express excitement at the addition of Towns, which remains unofficial, while lamenting the departures of Julius Randle and Donte DiVincenzo.

The New York Knicks' NBA title odds are on the move after trading for Karl-Anthony Towns. Here's how the trade impacted the markets.

But since the trade has not officially been finalized yet, the Knicks were not allowed to talk about it at the NBA 's media day. Multiple players, and the team's head coach, Tom Thibodeau, dodged questions regarding Towns and the players traded for him.