UPDATE: Thu 1:52pm EST
ESPN is now reporting that the Knicks have acquired Tracy McGrady and Sergio Rodriguez in a three-way deal with Houston and Sacramento.
UPDATE: Thu 8:47am EST
ESPN reporting that the Kings and Houston Rockets have a deal to send McGrady for Kevin Martin.
The deal hammered out Wednesday night would send Martin, Kenny Thomas, Hilton Armstrong and Sergio Rodriguez to the Rockets for McGrady, Sixth Man Award contender Carl Landry, Joey Dorsey and an undisclosed amount of cash.
However the Knicks aren’t out of the loop just yet…
Multiple sources told ESPN.com that the Rockets and Kings will spend Thursday trying to make this a three-way deal that lands McGrady with the New York Knicks, who have been McGrady’s preferred destination ever since he and the Rockets mutually agreed in late December to find the 30-year-old a new team via trade.
During the Knicks game tonight, they’re reporting that Nate has been traded to Boston for Eddie House and J.R. Giddens (NBDL stats). Of course they repeated numerous times that the deal is not official yet, but this is the second straight night that Nate hasn’t been with the team.
The trade will save the Knicks $1.8 million and give the Wolves a center to audition for the rest of the season. Milicic has been mired at the end of Mike D’Antoni’s bench for months and has publicly said he’s likely to return to Europe to play basketball when his contract expires this summer.