NBA Trade Rumors Update: Knicks Ready To Reel in Tracy McGrady

Keith SchlosserAnalyst IFebruary 16, 2010

NEW YORK - JANUARY 26:  Tracy McGrady #1 of the Houston Rockets looks on 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)
Chris McGrath/Getty Images

When the Wizards traded Caron Butler and Brendan Haywood to the Mavericks this past week, the Knicks’ hope for a three team deal to bring Tracy McGrady to New York came crashing down.

However, the Knicks and Rockets have renewed talks, and Yahoo! Sports is reporting that “an agreement is within reach.”

The new proposed deal would bring McGrady to New York, along with Brian Cook and Joey Dorsey, in exchange for Jared Jeffries, Jordan Hill, and either Larry Hughes or Al Harrington. According to Yahoo!, all signs point to Hughes being included in any potential deal over Harrington.

This should come as a relief to Knicks fans, as it would allow the team to pair Harrington’s offensive spark off the bench with any production McGrady provides.

The other rumor, however, is that Donnie Walsh wants to save Harrington to trade him to the Bulls in a deal involving Tyrus Thomas.

Either alternative stands to benefit the Knicks, whether it be McGrady/Harrington or McGrady/Thomas.

Trading away Jared Jeffries and Jordan Hill in such a deal would also help the Knicks free up over $9 million in cap room this summer, paving the way for two maximum contract signings. Lebron James would surely be more inclined to slip on a Knicks jersey if a Chris Bosh or Amare Stoudemire was in the locker room with him, and vice versa.

Three months ago, a McGrady-to-Knicks trade would have come with little to no pressure. As it stands now, the playoff hopes are fading and at this rate, with all the hype the media has brought to this deal, McGrady would be arriving in New York as the long-coveted savior.

McGrady’s reputation is presumably on the line, after failing to perform at the level of which was once capable. Can T-Mac still perform at an All-Star level? New York is the ultimate platform to prove it, insofar as the Knicks lack that true offensive star power.

With the Knicks, who currently use David Lee to run the offense, McGrady would be allowed to seek out his own shot in addition to finding opportunities for his teammates.

If McGrady were able to achieve success, or even better yet, guide the Knicks into the playoffs, his opportunities this summer would be endless as he searches for a new contract.

Proving he is still an All-Star player, as well as a good teammate would more than likely grant McGrady a nice contract with another team, or perhaps, even a locker next to Lebron James next season, providing everything goes the Knicks’ way.

The next few days should prove to be extremely busy for Walsh and the Knicks. Because of all the continued hype, a T-Mac trade is becoming expected by the fans. Walsh needs to be careful that he does not provide Knicks fans with a major let down. Acquiring McGrady would prove to fans, as well as 2010 free agents, that Walsh’s priority is to win by any means necessary.

As long as Larry Hughes is on his way to Houston in such a deal, Walsh will have proven himself and will at the very least, be getting my seal of approval.