Why the Knicks needed help from FIBA and the EuroLeague to complete the Karl-Anthony Towns trade
“So, in order to be signed-and-traded by the Knicks to the Hornets, Washington had to get a LOC from FIBA that says he’s free and clear from his contract with Partizan. Then, to re-sign with Partizan after clearing waivers from Charlotte, Washington has to get another LOC from FIBA.