How to make sense of Karl-Anthony Towns’ value, Giannis’ unrest and the Knicks’ trade options

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New York Knicks center Karl-Anthony Towns reacts while on the court in the first half at Madison Square Garden in New York, New York, Tuesday, January 27, 2026. Karl-Anthony Towns reacts to a call during the Knicks' win over the Kings on Jan. 27, 2026. JASON SZENES/ NY POST

It’s silly season — the time of year when rumors spread because teams are testing the winds or agents whisper into existence whatever suits their agenda.

After all, you can’t spell agent without agenda. Close enough.

So I’m here to try to separate fact from fiction from gray areas. And yes, there’s a lot of gray area.

Let’s start with the two hottest topics involving the Knicks:

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