Knicks, Rockets, Kings 3-Way Trade Done (Confirmed)

[LarBrd33]

This one stings.   Kevin Martin was one of the 3 players I wanted.   The other 2 aren't going anywhere (Iggy and Deng).

[Donoghus]

Sounds like its a done deal and 3 way.

The Kings have traded Tracy McGrady to the Knicks, sources tell Y! Sports.

Houston will receive Kevin Martin, while Sacramento will acquire Carl Landry, Larry Hughes and Joey Dorsey.

New York will also receive Sergio Rodriguez.

[Lucky17]

Sounds like its a done deal and 3 way.

The Kings have traded Tracy McGrady to the Knicks, sources tell Y! Sports.

Houston will receive Kevin Martin, while Sacramento will acquire Carl Landry, Larry Hughes and Joey Dorsey.

New York will also receive Sergio Rodriguez.

Hollinger also reports:

Marc Stein just reported that three-way deal with Knicks is done -- TMac to Knicks, Hughes to Sac, Jeffries to Hou with 2012 first and right to swap in 2011. Landry, Dorsey to Sac, Martin to Hou, no word on Sergio. Looks like Hill stays in NY.

Looks like the finer points ought to be confirmed soon.

[WeMadeIt17]

Its done. All over Espn and Realgm and it is done! Now lets get Nate in here for the game tonight!

[Donoghus]

Alright, I'll upgrade to confirmed.  Sounds reliable enough.

[Roy Hobbs]

The Houston Rockets, Sacramento Kings and New York Knicks have agreed to terms that will expand the Houston-Sacramento deal into a three-way trade that lands Tracy McGrady with the Knicks, according to NBA front-office sources.

The Knicks will acquire McGrady and Sergio Rodriguez from Sacramento, sources said.

The Rockets get Kevin Martin, Jordan Hill and Jared Jeffries from New York and will have the right to swap first-round picks with New York in 2011 as well as take on New York's 2012 first-round pick.

Sacramento obtains Houston's Carl Landry and Joey Dorsey and New York's Larry Hughes.

If that's accurate, it's a nice haul for the Rockets.

[Donoghus]

The Houston Rockets, Sacramento Kings and New York Knicks have agreed to terms that will expand the Houston-Sacramento deal into a three-way trade that lands Tracy McGrady with the Knicks, according to NBA front-office sources.

The Knicks will acquire McGrady and Sergio Rodriguez from Sacramento, sources said.

The Rockets get Kevin Martin, Jordan Hill and Jared Jeffries from New York and will have the right to swap first-round picks with New York in 2011 as well as take on New York's 2012 first-round pick.

Sacramento obtains Houston's Carl Landry and Joey Dorsey and New York's Larry Hughes.

If that's accurate, it's a nice haul for the Rockets.

And the pressure in NYC continues to mount....

[Greenbean]

From Hollinger's Chat:

Marc Stein just reported that three-way deal with Knicks is done -- TMac to Knicks, Hughes to Sac, Jeffries to Hou with 2012 first and right to swap in 2011. Landry, Dorsey to Sac, Martin to Hou, no word on Sergio. Looks like Hill stays in NY.

Looks like we are not latching on to that deal. Also it's insane how much cap room the Knicks will have. They got rid of Hughes and Jeffries in the deal.

Edit: Sorry if this is somewhere else.

[buellj814]

From Hollinger's Chat:

Marc Stein just reported that three-way deal with Knicks is done -- TMac to Knicks, Hughes to Sac, Jeffries to Hou with 2012 first and right to swap in 2011. Landry, Dorsey to Sac, Martin to Hou, no word on Sergio. Looks like Hill stays in NY.

Looks like we are not latching on to that deal. Also it's insane how much cap room the Knicks will have. They got rid of Hughes and Jeffries in the deal.

Edit: Sorry if this is somewhere else.

really they just cleared jeffries because hughes was expiring anyway.. the knicks will figure out a way to mess it up in the end

[Donoghus]

So the Knicks would decline Sergio's qualifying offer of $2.8 million for next season, correct?

Trying to piece together their salary number for next season now.

Are they still floating around lower $20 millions on the books for next year now?

[Greenbean]

From Hollinger's Chat:

Marc Stein just reported that three-way deal with Knicks is done -- TMac to Knicks, Hughes to Sac, Jeffries to Hou with 2012 first and right to swap in 2011. Landry, Dorsey to Sac, Martin to Hou, no word on Sergio. Looks like Hill stays in NY.

Looks like we are not latching on to that deal. Also it's insane how much cap room the Knicks will have. They got rid of Hughes and Jeffries in the deal.

Edit: Sorry if this is somewhere else.

really they just cleared jeffries because hughes was expiring anyway.. the knicks will figure out a way to mess it up in the end

Without a doubt they will. Also didnt realize Hughes was expiring. I forgot they started this process way before now of acquiring expirings.

[buellj814]

So the Knicks would decline Sergio's qualifying offer of $2.8 million for next season, correct?

Trying to piece together their salary number for next season now.

Are they still floating around lower $20 millions on the books for next year now?

if they decline sergio's offer, which they will, they will be around 19 to 20 million

[Fan from VT]

The Houston Rockets, Sacramento Kings and New York Knicks have agreed to terms that will expand the Houston-Sacramento deal into a three-way trade that lands Tracy McGrady with the Knicks, according to NBA front-office sources.

The Knicks will acquire McGrady and Sergio Rodriguez from Sacramento, sources said.

The Rockets get Kevin Martin, Jordan Hill and Jared Jeffries from New York and will have the right to swap first-round picks with New York in 2011 as well as take on New York's 2012 first-round pick.

Sacramento obtains Houston's Carl Landry and Joey Dorsey and New York's Larry Hughes.

If that's accurate, it's a nice haul for the Rockets.

Agreed, Roy. Hill+better 2011 pick +2012 pick = makes up for losing Landry and getting stuck with Jeffries next year.

Too bad it wasn't us, that would have been sweet.

[Donoghus]

Way to go New York. 

Latest: A source told ESPN.com that the Knicks pick in 2011 is Top 5 protected. In 2012 the Knicks pick is only Top 1 protected

[Donoghus]

So the Knicks would decline Sergio's qualifying offer of $2.8 million for next season, correct?

Trying to piece together their salary number for next season now.

Are they still floating around lower $20 millions on the books for next year now?

if they decline sergio's offer, which they will, they will be around 19 to 20 million

Is that with all necessary cap holds?  Sounds a bit low to me but you could be right.