Sources: Shumpert deal not imminent

The New York Knicks continue to engage in trade talks with the Denver Nuggets on a potential Iman Shumpert-for-Kenneth Faried trade, according to sources close to the process.

But sources told ESPN.com that multiple teams have approached the Knicks with interest in Shumpert and said New York remains undecided about whether to trade its coveted perimeter defensive specialist.

The New York Daily News reported earlier Wednesday that Shumpert-for-Faried trade talks "have intensified" but added that no deal was imminent.

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