MIL had the Jrue deal in place first, securing a PG upgrade over Bledsoe who was not good in the playoffs. Then tried to arrange an s-n-t deal for Bogdanovic. Things got awkward with the deal leaking 3 days before trades were allowed. The questionable nature of the deal timing might have been why Bogdan pulled out of it. Somewhat unclear, but it was a bit shady.
In any case, two wholly separate deals with the Bogdan trade = DiVicenzo, DJ Wilson and Ilya, players uninvolved in the JRue trade. So I don't see the any problem.
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My point was that a top-tier team in MIL wanted Bogdan starting for them at $18 or whatever, and ATL with playoff aspirations did as well. There was competition for his services and his contract is reasonable for his skill set (you usually pay a little extra in FA).
I would have tried to use FA to add a 4th legit Knick starter.
I would have used the draft for the same, but we went with Toppings instead.
FVV, who might now wish we made an offer and he came to NY. Or Bogdanx2. Or Christian Wood, who went to a troubled team for a very affordable price.
Any of those would have improved the NYK present and future.