Knicks, Rockets Getting Closer to McGrady Trade

Adrian Wojnarowski and Marc Spears of Yahoo! Sports are reporting the Knicks and Rockets are inching closer to a deal that would send Tracy McGrady to New York. 

According to Wojnarowski and Spears;

The Knicks and Rockets have designed the framework of a deal that would unload New York’s Jared Jeffries, Jordan Hill and either Al Harrington or Larry Hughes for McGrady, Joey Dorsey and Brian Cook.

As talks stood on Monday, the price of dumping the burdensome contract of Jeffries – who is owed $6.9 million next season – comes with the Knicks and Rockets exchanging 2011 first-round picks and the Knicks’ 2012 first-round choice going to Houston. New York also might include a 2010 second-round pick.

The breakdown of the trade is as follows:

Knicks Receive:
G Tracy McGrady (Due $23 million in 2010 & contract expires)
F Joe Dorsey (Due $880,000 in 2010 & 2 years left on contract after this year)  
F Brian Cook (Due $3.5 million in 2010 & contract expires) 
Houston’s 2011 First Round Pick

Rockets Receive:
F Jordan Hill (Due $2.5 million in 2010 & 1 year left on contract after this year)
F Jared Jeffries (Due $6.5 million in 2010 & 1 year left on contract after this year)
F Al Harrington (Due $1o million in 2010 & contract expires) or G Larry Hughes (Due $13 million in 2010 & contract expires)
Knicks 2011 First Round Pick
Knicks 2012 First Round Pick