The reported three-team trade would land McGrady in New York in exchange for Al Harrington who would depart for Washington and either Larry Hughes, Jared Jefferies or Eddy Curry would be sent to Houston.
The deal also includes the Wizards sending Caron Butler and Brendan Haywood to the Rockets.
I have always been a fan of Mcgrady, but regardless of what happens between the Knicks, Rockets and Wizards in the upcoming week, McGrady would not add much talent to the New York Knicks.
That's because Tracy McGrady is not the player he once was. In fact, he is hardly a shell of his former self.
McGrady, 30, has not stepped foot in an NBA game in over a year due to season ending knee surgery that sidelined him for the second half of the 2009 campaign.
While the Knicks are possibly unloading two disgruntled players in Al Harrington and Larry Hughes/Eddy Curry, they are acquiring one who has outstayed his welcome in Houston.
McGrady was supposed to be a factor for the Rockets this year, but because of a dispute over playing time with head coach Rick Adelman, he has been banished from the team.
McGrady was once one of the top players in all of basketball, leading the league in scoring twice and a seven-time All-Star selection.
Although McGrady has posted some of the most impressive statistics of this era, McGrady will always be known for his inability to come up big when it mattered most. McGrady has made the playoffs seven times in his career, but has failed to make it out of the first round.
However, what makes McGrady so appealing to New York is his contract.
General manager Donnie Walsh has made no secret of his desire to clear cap room for the 2010 off-season in hopes of luring one or more of the top free agents in the 2010 class to New York.
Walsh will do anything to bring LeBron James and others to New York, even if it means sacrificing wins.
Although McGrady makes a league high $23 million, his contract expires at the end of the season, making him all the more appealing to New York.
Walsh believes he can clear cap space by getting rid of Harrington and others and at the same time, improve the current Knicks team.
Head coach Mike D'Antoni recently said that the Knicks have "lost their fight," and it is hard to argue with him.
The Knicks have lost their last three and 12 of their last 16. New York is currently 19-32 and have dropped six games behind the eighth and final playoff spot in the East, currently held by Chicago.
It also appears as though D'Antoni has lost control of his team. Recently Nate Robinson was seeing cursing him out in a game against Sacramento. D'Antoni previously benched Robinson for 14 straight games in December and has had spats with Eddy Curry and Larry Hughes, two of the players who have been linked to McGrady in trade talks.
While the Knicks would benefit from a much needed trade to salvage a season that looks to be slipping away, Tracy McGrady would provide little more to Knicks than an expiring contract. But that may be just what the Knicks are looking for.