The New York Knicks are pursuing Toronto point guard Kyle Lowry with a package of Raymond Felton, Metta World Peace and a 2018 first-round draft pick, league sources told Yahoo Sports.

The Knicks refused a Raptors proposal that would've included Iman Shumpert and Felton, sources told Yahoo Sports. WIthout a first-round pick or Shumpert, there is no traction for a deal. The Knicks have no appetite for including Shumpert or rookie Tim Hardaway Jr. in a package.

Knicks owner Jim Dolan is sensitive to the public perception that Toronto general manger Masai Ujiri bamboozled New York in the Carmelo Anthony trade, and the chance of getting panned for giving up too much in a deal for Lowry has become a hurdle in these talks, league sources told Yahoo Sports.

Ujiri was the GM of the Denver Nuggets when he negotiated a deal that included Danilo Gallinari, Wilson Chandler, Felton, Timofey Mozgov and a first-round pick for a package that included Anthony and Chauncey Billups.

Toronto is discussing deals for Lowry with an ever-growing list of teams, league sources said.

Several teams are pursuing Lowry, but the Knicks' most direct competition for him could come from the Brooklyn Nets, who are also exploring the possibility of a deal, league sources said. Brooklyn has resisted the inclusion of its 2020 first-round pick in a package, nor one of its top young players, including rookie Mason Plumlee, sources said.

Within the Knicks, there's hesitance on including the draft pick, but there's no chance a deal for Lowry could get done without it, sources said. Nevertheless, there's still doubt on how long New York will keep a pick on the table, sources said.

Toronto officials have been scouting and calling European contacts on Bojan Bogdanovic, a 24-year-old shooting guard with whom the Nets own the rights, league sources told Yahoo Sports.

The Knicks have lost Felton for two to three weeks with a hamstring injury. He has been largely ineffective for most of the season.

Lowry has wanted a trade for most of the season and the Raptors became more motivated to move him after acquiring point guard Greiveis Vasquez in a deal with the Sacramento Kings.

World Peace, who signed as free agent this summer, can't be traded until Sunday, per league rules. Freshly signed free agents aren't eligible to be included in trades until Dec. 15.