Houston Rockets Looking Into Tracy McGrady/Shaquille O'neal

ERIKContributor IJune 17, 2009

NEW YORK - JANUARY 26:  Tracy McGrady #1 of the Houston Rockets smiles against the New York Knicks on January 26, 2009 at Madison Square Garden in New York City.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Chris McGrath/Getty Images)

A person with knowledge of the situation said the Houston Rockets are engaging in very preliminary discussions involving offers for Tracy McGrady and, the source said, the Knicks have shown some interest. However, much like the inquiry about Shaquille O'Neal, it is believed to be strictly due diligence at this point on the part of Walsh. NY Newsday Blog

The oft-injured McGrady, a seven-time all-star who over the last year endured surgeries on his shoulder (arthroscopy) and knee (microfracture procedure), played just 35 games this past season. He has one year and $23 million left on his contract, which, for the Knicks, would make acquiring him a low risk, especially if it doesn't cost them more than an expiring contract. NY Newsday Blog