The Houston Rockets have agreed to a sign-and-trade sending veteran center Marcus Camby to the New York Knicks. In return the Knicks will send Toney Douglas, Josh Harrelson, Jerome Jordan and 2014 and 2015 second round picks. The Knicks will also send cash to cover Douglas’ $2.1 million contract. Camby will reportedly receive a 3-year contract worth $13.2 million with the final season only partially guaranteed.
Knicks pursued a sign-and-trade deal because they are over the cap. They also re-signed three point specialist Steve Novak to a four-year $15 million contract earlier today. The Knicks are also prepared to match the Rockets offer of $28.8 million to retain Jeremy Lin. The Knicks are looking at some serious financial costs in the coming years although I’m sure it’s nothing for owner James Dolan.
Camby is known for his shot-blocking and rebounding abilities that are sure to help the Knicks, two areas they lack. Camby averaged 4.9 points, 9.0 rebounds, 1.8 assists and 1.4 blocks per game last season. He’ll serve as Tyson Chandler’s back-up in New York.