According to a report from the New York Post, the New York Knicks have reached out to the Suns to facilitate a trade for 27-year-old point guard Eric Bledsoe.
— SLAM Magazine (@SLAMonline) July 13, 2017
The report states that the Knicks are also considering 31-year-old point guard Ramon Sessions to come in and mentor their 18-year-old rookie point guard Frank Ntilkina.
Bledsoe is coming off of a career year, averaging 21.8 points, 6.3 rebounds and 4.8 rebounds per game before being shut down (to facilitate tanking) and would be a huge get for the Knicks as a very good starting point guard in the middle of his prime.
The trade would make very little sense for the Suns though as the Knicks have almost zero assets the Suns would be interested in to acquire Bledsoe save for a 1st round pick in 2018 which the Knicks would likely not be willing to part with.
Here is a potential trade that could work financially according to the ESPN Trade Machine:
Courtney Lee would have to be involved in any deal to make the salaries work and while he is a 3-and-D guy, he makes little sense for a rebuilding Suns team that already has Devin Booker and Brandon Knight at the moment. Hernangomez would be a nice piece though and if the Knicks were willing to throw in their unprotected 1st round pick in 2018 the Suns would at least have to consider the offer.
Otherwise, you can pretty safely assume the Knicks will not be acquiring Eric Bledsoe this summer.