The Nets have agreed in principle to trade forward Mikal Bridges to the Knicks for Bojan Bogdanovic, four unprotected first-round picks, a protected first-round pick via the Bucks, an unprotected pick swap and a second-rounder, ESPN’s Adrian Wojnarowski reports.

It’s a stunning development for both New York clubs. The Knicks’ draft capital heading to Brooklyn will be their 2025, 2027, 2029 and 2031 first-rounders. The protected pick that the Bucks owed the Knicks was their 2025 first-rounder. The unprotected pick swap will come in 2028, while the second rounder will be in 2025. The Knicks will receive the Nets’ 2026 second-round pick along with Bridges, according to Wojnarowski.

The Nets have also worked out a separate deal with the Rockets involving draft picks, according to Wojnarowski.

It’s a huge haul for the Nets, who acquired Bridges from the Suns in the 2023 Kevin Durant blockbuster. Bridges appeared in all 82 games this past season, averaging 19.6 points, 4.5 rebounds and 3.6 assists.

He made a trade request to be dealt to the Knicks, Ian Begley of SNY TV notes. Bridges is entering the third year and a four-year, $90.9M contract. He wanted to rejoin former Villanova teammates Jalen Brunson, Donte DiVincenzo and Josh Hart and was prepared to tell any other teams looking to trade for him that he’d eventually sign with the Knicks as a free agent.

Bridges is due to make $23.3M next season. Bogdanovic has a $19M contract for next season and was obviously placed in the deal solely for salary purposes. He may not be a Net for long — only $2M of his contract is guaranteed. It’s also possible some smaller contracts will be thrown into the deal to match up the numbers.

The Knicks will apparently still look to re-sign OG Anunoby, who has decided to opt out of his contract and become an unrestricted free agent, Wojnarowski notes. Bridges will obviously take some of the scoring load off Brunson and Julius Randle.

The Knicks are preparing to lose Isaiah Hartenstein in free agency, according to Begley. Hartenstein is expected to be a top target for several teams in free agency and the Knicks — who only own his early Bird rights — can offer a max of four years and approximately $72M.

In the agreed-to trade with the Rockets, the Nets are trading a 2025 Suns pick swap, 2027 Suns first-rounder and a first-rounder and swap in 2029 in exchange for their own 2025 pick swap and a 2026 first-rounder from the James Harden trade, The Athletic’s Shams Charania tweets.

The Rockets’ motivation is to use the draft capital to help acquire an impact player. While the Rockets are intrigued about pursuing a Durant deal, Phoenix is inclined to run it back with its core group. Thus, the Rockets are now determined to use the Suns' picks to be aggressive on deals elsewhere, Wojnarowski tweets.