Knicks Donnie Walsh rejected trade for Rudy Fernandez?

According to a team source, Knicks president Donnie Walsh recently rejected a three-team deal that would have sent Anthony Randolph to Indiana, a first-round pick to Portland and Fernandez to New York.

Because the Trail Blazers are insisting on receiving a first-round pick in return for Fernandez, the Knicks likely need to recruit a third team in order to complete a deal. The Blazers apparently have little interest in Wilson Chandler. Fernandez, who is currently playing for Spain at the world championships in Turkey, was fined by the NBA for publicly asking for a trade.