Tracy McGradyThe New York Knicks acquired McGrady and his massive expiring contract in a three-team swap with the Houston Rockets and the Sacramento Kings, a person with knowledge of the negotiations said Thursday.
The Rockets will get Kevin Martin and Hilton Armstrong from Sacramento and Jordan Hill, Jared Jeffries and draft considerations in 2011 and 2012 from New York.
Most important, the Rockets finally found a taker for McGrady, the troublesome seven-time All-Star they've been looking to trade for almost two months.
The Rockets acquired McGrady in June 2004, hoping that he and Yao Ming would return the franchise to prominence. He averaged 22.4 points and 5.7 assists in five seasons in Houston before this one, but he was always blamed -- sometimes unfairly -- for the team's string of playoff busts.
In December, when it became clear he was no longer part of the team's plans, McGrady's representatives asked the Rockets to look for trade options and Houston agreed. McGrady offered no ill will in a statement posted on his personal Web site on Thursday.
"I have tremendous respect for (owner) Leslie Alexander and have enjoyed playing for the Rockets over the last six years," McGrady wrote. "It has definitely been the most profound part of my career. I've learned a lot about myself from various situations, both good and bad that have occurred here. It was my hope when I came to Houston that I wouldn't leave, but I do understand this is the business side of basketball."
The Kings will get New York guard Larry Hughes and Houston forwards Carl Landry and Joey Dorsey.
Hughes has a much-valued expiring contract and Landry is Houston's second-leading scorer (16.1 points) and third-leading rebounder (5.5 per game).
The Knicks will also get guard Sergio Rodriguez from the Kings, though the lure of the deal was McGrady and his expiring $23 million contract. New York is eager to drop its payroll and become a major player in this summer's free-agent sweepstakes.
Most important, the Rockets finally found a taker for McGrady, the troublesome seven-time All-Star they've been looking to trade for almost two months.
The Rockets acquired McGrady in June 2004, hoping that he and Yao Ming would return the franchise to prominence. He averaged 22.4 points and 5.7 assists in five seasons in Houston before this one, but he was always blamed -- sometimes unfairly -- for the team's string of playoff busts.
In December, when it became clear he was no longer part of the team's plans, McGrady's representatives asked the Rockets to look for trade options and Houston agreed. McGrady offered no ill will in a statement posted on his personal Web site on Thursday.
"I have tremendous respect for (owner) Leslie Alexander and have enjoyed playing for the Rockets over the last six years," McGrady wrote. "It has definitely been the most profound part of my career. I've learned a lot about myself from various situations, both good and bad that have occurred here. It was my hope when I came to Houston that I wouldn't leave, but I do understand this is the business side of basketball."
The Kings will get New York guard Larry Hughes and Houston forwards Carl Landry and Joey Dorsey.
Hughes has a much-valued expiring contract and Landry is Houston's second-leading scorer (16.1 points) and third-leading rebounder (5.5 per game).
The Knicks will also get guard Sergio Rodriguez from the Kings, though the lure of the deal was McGrady and his expiring $23 million contract. New York is eager to drop its payroll and become a major player in this summer's free-agent sweepstakes.
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