Knicks make moves, score T-Mac & cap room

In a blockbuster 3-team deal, the New York Knicks have not only landed Houston Rocket Tracy McGrady, but also have cleared cap room for the upcoming 2010 free agent wars. It was reported earlier on Thursday that the Rockets and Kings were working out a deal to trade Kevin Martin and several players in exchange for McGrady and other players. Right before the NBA trade deadline struck, the Knicks managed to acquire Tracy McGrady and Sergio Rodriguez (Kings).

The Knicks have now traded away Nate Robinson, Darko Milicic and Jared Jeffries, freeing up plenty of cap space to sign two max free agents. That could mean their #1 choice Lebron James will suit up as a Knick starting in 2010-11, and that another player such as Chris Bosh or Dwyane Wade will join him in the lineup. The Knicks may have upped their status as potential title contenders for that next season with these moves, which at first appeared odd with them simply trading away Nate Robinson to the Celtics for bench player Eddie House.

The Houston Rockets now acquire Jared Jeffries (Knicks) along with Kevin Martin from the Kings. Also, Sacramento picks up Larry Hughes (Knicks), Carl Landry and Joey Dorsey both from the Kings. Tracy McGrady will be a member of the Knicks but has an expiring contract as well, and has mentioned a desire to play for a playoff contender like the Lakers or Cavaliers. However, the Cavaliers wouldn't exactly be a contender if King James is long gone.

Confused yet? The important things to note are that Kevin Martin is now a Rocket, and Tracy McGrady is now a New York Knick. Oh and that the Knicks just might be able to woo King James with enough money to have him switching from a red-maroon Cavs jersey to Knicks blue and orange for 2010-11.

Read more about today's trade here at NY Daily News.