Knicks and Rockets closing a deal that would bring Tracy McGrady to New York

Houston Rockets and New York Knicks are reaching an agreement (without Washington) to a trade, involving Tracy McGrady. Houston would send T-Mac, Joey Dorsey and Brian Cook, and 2011 first-round pick to New York in exchange of Jared Jeffries, Jordan Hill, either Al Harrington or Larry Hughes, 2012 first-round pick and maybe 2010 second-round pick. The completion of the deal is not inminent, but sources are confident that the trade will be done.

SOURCE: Yahoo! Sports