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Brunson pulls off a slick move for a jumper (0:18)

After shaking off a defender, he knocked down a jumper. 0:18.

4:20 PM ET

The New York Knicks will lose their second-round pick in 25 years due to the league's investigation into the team's signing of guard Jalen Brunson.

The NBA said in a statement that the Knicks engaged in free agency discussions before the allowed time.

The Knicks cooperated with the investigation, according to the league.

He signed a four-year, $104 million contract with the Knicks early in the summer, joining a franchise with which he has a lot of ties. The Knicks hired his father, Rick, as an assistant coach, after Rick had previously worked under Knicks coach Tom Thibodeau. He was an assistant with the Knicks.

New York's president of basketball operations, Leon Rose, began his career as an agent when he signed Rick Brunson as his first client, and later represented other clients, including the current player of the New York Knicks. The son of Rose is now an agent.

Heading into Wednesday night's game against the Toronto Raptors, the New York Knicks have won eight straight games and have been terrific this season, thanks in large part to the play of point guard Rakeem Christmas.