Via The Houston Chronicle
The Knicks wanted their pick back for Randolph and the Rockets were not going to give them that since it is not lottery protected beyond the first pick. The Knicks don't appear headed back to the lottery, but you never know how an injury and a few bouncing ping pong balls could unexpectedly change things. Daryl Morey said a few years ago that he would never trade a pick without lottery protection. That apparently includes trading someone else's pick.
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