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.

Related

    Dame Owns a Game-Winner for the Ages

    'The moment it went in was the most incredible basketball moment I've ever witnessed'

    NBA logo
    NBA

    Dame Owns a Game-Winner for the Ages

    'The moment it went in was the most incredible basketball moment I've ever witnessed'

    Sean Highkin
    via Bleacher Report

    Embiid Is Completing the Process

    NBA logo
    NBA

    Embiid Is Completing the Process

    Yaron Weitzman
    via Bleacher Report

    Dame Is the Most Lethal Man in Playoffs

    NBA logo
    NBA

    Dame Is the Most Lethal Man in Playoffs

    Paul Kasabian
    via Bleacher Report

    Jokic’s Passing, Defense the Keys to Series Turnaround

    NBA logo
    NBA

    Jokic’s Passing, Defense the Keys to Series Turnaround

    Paul Kasabian
    via Bleacher Report