The New York Knicks and Houston Rockets have agreed to a sign-and-trade that will send Marcus Camby back to New York, according to Adrian Wojnarowski of Yahoo! Sports.
Camby will sign a 3-year, $13.2 million deal. The Rockets will receive Toney Douglas, Josh Harrelson and Jerome Jordan along with second round picks in 2014 and 2015.
Camby was deciding between a few teams including the Miami Heat but would have had to take much less money to go play in South Beach.
The Knicks have also come to terms with their two shooters from last season, Steve Novak and J.R. Smith.
Novak has agreed to a 4-year, $15 million deal with New York and Smith a 2-year, $2.8 million deal.
New York is putting together what feels like a better roster than last season’s. Not getting Steve Nash was devastating but they are still making progress.
Indiana Pacers center Roy Hibbert is a restricted free agent this summer and agreed to a 4-year, $58 million offer sheet with Portland. Indiana expectedly plans to match that offer.
Free agents cannot officially sign until July 11 and at that point, teams will have three days to match any offer sheets that are signed.
The Orlando Magic are still working on getting a deal done to trade Dwight Howard. Yesterday, a third team (the Cleveland Cavaliers) was brought into the mix with Orlando and Brooklyn. Now the Nets are looking to involve the Los Angeles Clippers as well.
Brooklyn wants to trade MarShon Brooks to the Clippers for another first rounder to use in the package they will send Orlando in exchange for Howard.
The deal still looks like highway robbery for the Nets and it is unclear if the deal is really close enough for the Magic to say yes.
The Clippers would make out great if they can swap a first round pick for Brooks who had a very nice rookie campaign.