The Knicks acquired Tracy McGrady on Thursday in a three-team trade with the Sacramento Kings & the Houston Rockets, according to a person involved in the negotiations.
The Kings will receive Carl Landry & Joey Dorsey from Houston & Larry Hughes from the Knicks.
The Knicks will get McGrady from Houston & the Kings’ Sergio Rodriguez, a point guard they have long wanted. The Rockets will receive Kevin Martin, the Kings’ star guard, as well as Jordan Hill, the Knicks’ 2009 lottery pick, & Jeffries.
The trade gives the Knicks what they most coveted: McGrady’s hefty $23 million expiring contract. One times it ends in July, the Knicks will gain significantly more freedom under the salary cap to pursue marquee free agents like Cleveland’s LeBron James, Miami’s Dwyane Wade & Toronto’s Chris Bosh.
The Rockets will also receive the Knicks’ first-round pick in 2012 & the right to swap first-round picks with the Knicks in 2011. The 2011 pick is protected only if it is No. 1 in the draft. The 2012 pick is protected if it falls anywhere in the first three picks.
The Kings-Rockets trade was first reported by KRIV-TV in Houston & The Houston Chronicle early Thursday.
The Kings will receive Carl Landry & Joey Dorsey from Houston & Larry Hughes from the Knicks.
The Knicks will get McGrady from Houston & the Kings’ Sergio Rodriguez, a point guard they have long wanted. The Rockets will receive Kevin Martin, the Kings’ star guard, as well as Jordan Hill, the Knicks’ 2009 lottery pick, & Jeffries.
The trade gives the Knicks what they most coveted: McGrady’s hefty $23 million expiring contract. One times it ends in July, the Knicks will gain significantly more freedom under the salary cap to pursue marquee free agents like Cleveland’s LeBron James, Miami’s Dwyane Wade & Toronto’s Chris Bosh.
The Rockets will also receive the Knicks’ first-round pick in 2012 & the right to swap first-round picks with the Knicks in 2011. The 2011 pick is protected only if it is No. 1 in the draft. The 2012 pick is protected if it falls anywhere in the first three picks.
The Kings-Rockets trade was first reported by KRIV-TV in Houston & The Houston Chronicle early Thursday.
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