The deal would see Randle and Donte DiVincenzo wind up in Minnesota and Towns in New York. The Knicks are set to add a center in Towns to shore up their biggest weakness, and Minnesota is adding shooting and versatility in its quest to exceed last season's run to the Western Conference finals.
Minnesota also will receive a 2025 top-13-protected first-round pick from New York via the Detroit Pistons, sources said.
The Charlotte Hornets are the third team in the trade, sources added, and they are expected to receive draft compensation for helping make the deal work financially.
Talks between New York and Minnesota had taken place all summer but picked up steam in the past few days when Charlotte was brought in as the third team, sources said.
The trade was not expected to be completed for a few days.
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