NY POST – The Knicks and Rockets were closing in on a blockbuster deal yesterday that not only would bring Tracy McGrady to New York — but more important, could open up $9.5 million of additional cap space that would give the Knicks a chance to sign two All-Star free agents to maximum contracts this summer.
“We’ve made progress,” a source involved in the talks told The Post, an indication an agreement could be reached today.
The price the Knicks could pay for getting Jared Jeffries ($6.9M) off their books in this Rockets trade is giving up on their disappointing rookie lottery pick Jordan Hill, and possibly a 2012 first-round pick.
Another league source said last night the holdup is that Knicks president Donnie Walsh is still unsure he wants to surrender Hill. Still, Hill remains on the table as talks continue.
The bottom line is Donnie Walsh has to find a way to get this deal done. Although I’ve always been a fan of his I could give a rats ass about T-Mac, this deal is all about cap room.
Unless you have been living on the Moon for the last 2 years you are well aware that this Summers NBA Free Agent class may be the most talented, and deepest free agent class we have ever seen in any sport, period. So the importance for the Knicks to shed as much cap room as possible going into this off-season is huge. As the Knicks payroll stands today they would not be able to sign two max contracts, only one. Making the chances of Lebron landing in NYC that much less. If this deal were to get done the Knicks would rid themselves of Jarred Jeffries ugly contract, which would ultimately allow them to sign two max contracts this summer. Right now I see this as the Knicks only chance of luring Lebron James to NY next season, so to say this is a very important move for the Knicks is a huge understatement.
Cross your fingers Knicks fans……






















