On January 24, 1960, New York sent Ray Felix, the 1960 fourth-round pick that became Ben Warley and $25,000 to Minneapolis for Dick Garmaker and the 1960 second-round pick that became Dave Budd. Basketball-Reference's league, Knicks, Lakers and executive ledgers all confirm the player-and-pick exchange, while Pro Sports Transactions preserves the $25,000 cash term. Garmaker then gave New York 97 games across the rest of 1959-60 and 1960-61, and Budd played all 353 games of his five-year NBA career for the Knicks. Felix produced 189 regular-season games for the Lakers through 1961-62, while Warley never appeared for the franchise after being drafted. The deeper realized return favors New York.
New York and Minneapolis completed a five-asset transaction on January 24, 1960. The Knicks sent Ray Felix and their 1960 fourth-round pick, later used on Ben Warley, while the Lakers sent Dick Garmaker and their 1960 second-round pick, later used on Dave Budd. Pro Sports Transactions also records $25,000 moving from New York to Minneapolis, a term not shown on the Basketball-Reference team or league transaction pages.
Garmaker gave New York immediate scoring and playmaking. He played 26 games after the trade in 1959-60 and 71 more in 1960-61, totaling 97 Knicks games, 1,441 points and nearly 3,000 minutes. His 1960-61 season was especially useful: 15.6 points, 3.9 rebounds and 3.1 assists per game. The second-round pick became Dave Budd, who then spent his entire five-year NBA career with New York. Budd played 353 games for the Knicks, averaged 7.1 points and 4.6 rebounds, and supplied a steady frontcourt rotation role through 1964-65.
Felix became a useful but declining center for Minneapolis and then Los Angeles. He played 31 games after the trade in 1959-60, 78 games in 1960-61 and 80 more in 1961-62, totaling 189 regular-season appearances for the Lakers after the exchange. His post-trade Lakers scoring was modest, but he still provided rebounding and veteran center minutes during the franchise's move to Los Angeles and remained on the roster through the 1962 Finals season. The fourth-round pick became Ben Warley.
The trade looks very different once the draft outcomes and post-trade careers are followed through. Minneapolis received 189 games from Felix, no NBA games from Warley and the documented cash payment. New York received 97 games from Garmaker plus 353 from Budd, including several seasons of useful rotation production. The Knicks therefore turned an aging center, a lower pick and cash into two players who collectively delivered 450 games.
Knicks Win — Minneapolis B, New York A-. On January 24, 1960, New York sent Ray Felix, the 1960 fourth-round pick that became Ben Warley and $25,000 to Minneapolis for Dick Garmaker and the 1960 second-round pick that became Dave Budd. Basketball-Reference's league, Knicks, Lakers and executive ledgers all confirm the player-and-pick exchange, while Pro Sports Transactions preserves the $25,000 cash term. Garmaker then gave New York 97 games across the rest of 1959-60 and 1960-61, and Budd played all 353 games of his five-year NBA career for the Knicks. Felix produced 189 regular-season games for the Lakers through 1961-62, while Warley never appeared for the franchise after being drafted.