Sacramento, CA (Sports Network) - The New York Knicks, Sacramento Kings and Houston Rockets have reportedly agreed to terms on a deal that will see Tracy McGrady wind up in the Big Apple.
The deal, being reported by ESPN.com, also has point guard Sergio Rodriguez heading to New York.
Houston will get guard Kevin Martin from Sacramento and forwards Jordan Hill and Jared Jeffries from New York and will also have the right to swap first- round picks in 2011 with the Knicks in addition to a take on New York's 2012 first-round pick.
Sacramento acquires forwards Carl Landry and Joey Dorsey from Houston along with guard Larry Hughes from New York.
McGrady is coveted for his enormous expiring deal, which could help a club knock significant dollars off the payroll at the end of the season. With several major free agents-to-be looming in the summer of 2010, teams like the Knicks are looking to shed as much salary as possible.
In his sixth season with Houston, McGrady has appeared in just six games in 2009-10 after undergoing microfracture surgery last year on his knee and has scored 19 points.
Martin was pulled from Wednesday's game against Golden State in anticipation of the trade. The report states that Kings coach Paul Westphal informed Martin of the impending deal.
The 27-year-old Martin has spent his entire career with Sacramento but was made expendable with the emergence of rookie Tyreke Evans. Martin suffered an injury early in the season that caused him to miss a significant amount of time, and he has averaged 19.8 points in 22 contests in 2009-10.
Landry, 26, has been a solid bench player for the Rockets the last three seasons and is averaging 16.1 points per game in 52 contests. Dorsey has played sparingly in his rookie season and averages 1.6 points in 7.7 minutes.
Hughes, 31, is in his 12th season in the NBA. Over 31 games this season, he has averaged 9.6 points, 3.5 rebounds and 3.5 assists per game over 26 1/2 minutes.
Rodriguez plays 13 minutes a game for the Kings and averages six points.
Hill, the eighth overall pick by New York in this year's draft, has averaged 4.0 points and 2.5 rebounds over 24 games.
Jeffries, a seven-year pro, has appeared in 52 games this season and averaged 5.5 points and 4.3 rebounds.
Dorsey has appeared in limited action over his two seasons in the league and over seven games with Houston this season he has averaged 1.6 points and 3.6 rebounds.