New York City had a lot going on Thursday night for the 2013 NBA Draft and for the city's two teams.

Brooklyn's brand new Barclays Center hosted the draft and the hometown Brooklyn Nets made the biggest non-draft pick splash of the night.

The Nets pulled of a deal, first reported by ESPN's Chris Broussard, with the Boston Celtics to acquire Kevin Garnett, Paul Pierce and Jason Terry in exchange for Kris Humphries, Gerald Wallace, Kris Joseph, MarShon Brooks, Keith Bogans and three future first round picks.

Just an hour later, the New York Knicks, who play in Manhattan's Madison Square Garden, drafted University of Michigan shooting guard Tim Hardaway Jr. with the 24th pick in the first round. Hardaway's father was also a first round NBA draft choice in 1989, going 14th overall to Golden State.

Both New York NBA teams are looking to build on disappointing playoff exits earlier this year and ultimately to rival the two-time-defending-champion Miami Heat. While the Nets have made more noise this offseason (last week they signed former Net great Jason Kidd as their head coach), it was the Knicks who perhaps better prepared themselves for the long run.

Knicks general manager Glen Grunwald told the New York Times his team needed a guard due to the expiring contract of J.R. Smith.

"We only have two players under contract next year at the guard position; it's a definitely a need," Grunwald said. "The primary reason we drafted him was we felt he was the best player available."

Hardaway Jr. played for a Michigan team that lost the 2013 NCAA National Championship game to Louisville University. Hardaway Jr. established himself as a sharpshooter for the Wolverines, setting the freshman record for three-pointers in a season.

"We were impressed with his interview," Grunwald added. "We were impressed with his shooting, his athleticism and his overall demeanor."

Drafting Hardaway Jr. takes pressure off the Knicks' front office to resign Smith, who could demand a lucrative contract following an impressive season.

Grunwald also said he was excited to hand the teams' first-round pick over to Allan Houston, a former Knick great who famously rivaled Tim Hardaway Sr. and his Miami Heat team back in the late 1990's.

"I think the wound has healed for Allan," Grunwald said of Houston, who is the Knicks' assistant general manager. "I know Allan is excited about this, too. Hopefully, Allan can add something to his development because they are similar players."

While Brooklyn added Pierce, Terry and Garnett (all at least 35 and all with at least one NBA championship), the Knicks have added depth and youth to their team. The Nets' drafted Duke University's Mason Plumlee two picks before the Knicks took Hardaway Jr.