NBA Trade Reaction: Knicks Roster Shake-Up, Nets Arena Flip

Double G Sports@DoubleGSportsCorrespondent IFebruary 19, 2010

NEW YORK - JANUARY 26:  Tracy McGrady #1 of the Houston Rockets drives 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

The New York Knicks gained more salary cap room by acquiring Tracy McGrady in a three team deal earlier today. The Houston Rockets and Sacramento Kings were the other two teams involved in the deal.

When Knicks president Donnie Walsh took over the team, he made it a point to open up cap space in order to make a splash in the free agent market after this season. That is when stars such as Lebron James, Joe Johnson, Dwayne Wade, and Chris Bosh become free agents.

Today's deal will save the Knicks $9.4 million in cap room. The Knicks acquire the veteran McGrady from Houston and guard Sergio Rodriguez from the Kings. The Knicks gave up Jared Jeffries, Larry Hughes, rookie Jordan Hill, and two conditional first round picks. Jeffries, Hill, and the draft picks go to Houston while Hughes ends up in Sacramento.

Giving up Jeffries saves the Knicks $6.9 million while trading Hill saves them an additional $2.5 million. Hill was a highly thought of rookie that never paned out in Mike D'Antoni's system.

The Knicks also sent Nate Robinson to...

Continue Reading at Nets-arena-flip-.aspx" title="Knicks and Nets face lifts" target="_blank">Double G Sports.

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