T-Mac traded in 3-team deal
Tracy McGrady is heading to the New York Knicks, who now have more than $9 million of additional salary-cap space to use in free agency this summer.
The Houston Rockets, Sacramento Kings and New York Knicks have agreed to terms that expanded the Houston-Sacramento deal into a three-way trade.
The Knicks acquired McGrady and Sergio Rodriguez from Sacramento; the Rockets get Kevin Martin and Hilton Armstrong from Sacramento, and Jordan Hill and Jared Jeffries from New York.
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