Feb 17, 2010, 4:41 PM EDT
Remember just yesterday when the Tracy McGrady to the Knicks deal seemed like such a sure thing….
The Knicks reported back to the Rockets Wednesday with parameters on the level of protection they’d require on first-round picks that would be included in the deal, and the Rockets were pushing hard for less protection, two people familiar with the talks said. Sources have indicated that once the Rockets received New York’s final determination on pick protection, they would choose between offers from the Knicks and Bulls for McGrady, whose $23 million expiring contract is one of the most coveted assets before Thursday’s 3 p.m. deadline.
The discussion remained unresolved with 24 hours to go before the deadline, with the Knicks seeking to adequately protect a 2011 first-round pick that Houston would have the option of swapping with New York and a 2012 first-round pick that could go to the Rockets based on where it falls in the draft. The situation remained fluid, with one person familiar with the negotiations saying Houston was “asking for too much,” while a second person with a stake in the talks continued to say the Rockets viewed the Knicks’ offer as the most favorable they will be able to extract for McGrady.
At this stage of the negotiations, everybody is pushing for every little bit they can get, every last scrap. Like how much protection there is on first round picks that could be swapped in a couple years. Some reports have both sides close to killing the deal.
But if the core of the deal is sound, these details are not enough to kill it. If if fails, it is the key parts that didn’t fit.
The deal, as reported, is pretty simple for the Knicks — they get McGrady and his massive expiring contracts, which comes off the books and lets them try to go after big time free agents this summer. The Rockets would get Jared Jeffries, Larry Hughes, Jordan Hill and the chance to swap future first-round picks with the Knicks. Hill is a good prospect, Jeffries a good defender who brings a lot of effort every night. For this deal to really work for the Knicks, they have to get rid of Jeffries, due almost $7 million next year, the price to get the Rockets to take on that extra salary is Hill But now at least some reports out of New York have the Knicks saying Hill and the pick may be too steep a price.
It all sounds like posturing. The Knicks need the cap space (whether or not they sign LeBron James this summer, they needed to strip it down to rebuild anyway). The Rockets get some useful players for the money they were spending on a sidelined McGrady anyway. It sounds like both sides get a win, which makes it hard to see why draft pick protections will really kill the deal.
But stranger things have happened.
- Report: Wes Matthews reaches agreement to join Dallas Mavericks 0
- PBT Extra: Five best free agent signings in the first days of free agency 7
- Dwyane Wade agrees to one-year, $20 million deal to stay with Heat 53
- PBT Podcast: Talking best signings of free agency so far 0
- Report: Pacers agree to four-year, $44 million contract with Monta Ellis 22
- Report: Greg Monroe signing a maximum contract with Bucks 56
- Lakers, Knicks struggle on hectic first day of free agency 64
- Trail Blazers assistant coach: ‘We didn’t publicize it, but we lost LaMarcus Aldridge’ 9