Niiiiiiice Hughes and not Harrington, that leaves the Bulls trade openThe Knicks and Rockets are reportedly finalizing a trade to send Tracy McGrady to New York.
The Knicks have agreed to give the Rockets the right to swap first-round picks in 2011 and the Knicks will send the Rockets their 2012 first-round pick. Details on protections attached to the two picks is the sole issue remaining to be resolved.
The trade creates approximately $9.5 million additional salary cap room this summer and likely gives the Knicks the ability to offer two maximum contracts.
New York would package Jared Jeffries, Jordan Hill and the expiring contract of Larry Hughes to Houston.
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