An eight-year pro, Kanter appeared in 44 contests for the Knicks this season, averaging 14.0 points on.536 shooting, 10.5 rebounds and 1.9 assists in 25.6 minutes a night.
Kanter, 26, publicly expressed his frustrations with his lack of playing time in the weeks leading up to the trade deadline, but the Knicks were unable to find a trade partner due to his $18.6 million contract.
The Blazers were Kanter's choice over several serious suitors, including the Los Angeles Lakers, sources said. Portland signed Kanter to a $70M offer sheet in 2015, which OKC matched.
Enes Kanter is heading Northwest.
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The Blazers are now sitting in fourth place in the Western Conference with a record of 33-23.
Kanter began this season with the New York Knicks.
Kanter had fallen out of the Knicks' rotation, losing his starting spot after just five games, as the Knicks pile up the losses and prioritize their younger players. But after playing in 44 games - including 23 starts - Kanter fell out of favor when the team made a decision to shift its priorities toward developing their young big men.
Kanter is the Blazers' third midseason addition, joining Rodney Hood and Skal Labissiere, who were acquired in trades with the Cleveland Cavaliers and Sacramento Kings, respectively.