A complete recap of trades that were completed before Thursday's trade deadline:

• The Houston Rockets traded Marcus Morris to the Phoenix Suns and Patrick Patterson, Cole Aldrich, and Toney Douglas to the Sacramento Kings for Thomas Robinson, Francisco Garcia, Tyler Honeycutt, and a future second-round pick.
• The Miami Heat traded Dexter Pittman and a future second-round pick to the Memphis Grizzlies for the rights to Ricky Sanchez and cash considerations.
• The Washington Wizards traded Jordan Crawford to the Boston Celtics for Leandro Barbosa and Jason Collins.
• The Oklahoma City Thunder traded Eric Maynor to the Portland Trail Blazers for a trade exception and the rights to Georgios Printezis. The Blazers waived Ronnie Price to clear a roster spot for Maynor.
• The Thunder also acquired Ronnie Brewer from the New York Knicks for a future second-round pick.
• The Atlanta Hawks traded Anthony Morrow to the Dallas Mavericks for Dahntay Jones.
• The Suns traded Sebastian Telfair to the Toronto Raptors for Hamed Haddadi and a future second-round pick.
• The Orlando Magic traded J.J. Redick, Gustavo Ayon, and Ishmael Smith to the Milwaukee Bucks for Beno Udrih, Tobias Harris, and Doron Lamb.
• In a separate deal, the Magic traded Josh McRoberts to the Charlotte Bobcats for Hakim Warrick. 
• The Golden State Warriors traded Jeremy Tyler to the Hawks for a second-round pick. They also traded Charles Jenkins to the Philadelphia 76ers for an additional second-round pick.

We've already heard news on Rudy Gay and Royce White this morning, and that's not the only news coming out of the Southwest Division. The latest is right here:

• Gay isn't the only high-dollar asset the Grizzlies may be looking to unload, as the team has also reportedly been gauging Zach Randolph's value. HoopsWorld's Alex Kennedy hears that one possible destination for Randolph is Houston, as the Rockets would love to bring him on board (Twitter link).
• Guard Toney Douglas, who's dropped out of the Rockets rotation in favor of recent signee Patrick Beverley, plans to ask coach Kevin McHale why his minutes have disappeared once the team returns from its road trip, notes Jonathan Feigen of the Houston Chronicle. "They didn’t tell me anything," Douglas said. "I don’t know what’s the reason. I will (ask). We’ve been traveling. I’ll give it time to develop, see how it is. I just want to know the reasoning, that’s all, and I’ll feel better." 
• After McHale benched three starters, including Jeremy Lin, to begin the second half last night, SB Nation's Tom Ziller delves into what's gone wrong with the Rockets point guard amid a seven-game losing streak.
• The future is bright in New Orleans, where the Hornets have begun to play better with the return of Eric Gordon, as fellow SB Nation scribe Paul Flannery chronicles.

With this season's deadline still three months away, the trade market likely won't be too active for at least a few more weeks. However, as Steve Kyler of HoopsWorld writes, things could start to pick up on December 15th, when most players who signed over the summer are eligible to be dealt. Kyler looks at a few specific trade candidates in his latest piece, so let's round up the highlights....

• Josh Smith, Paul Millsap, and Al Jefferson are a few players in the final year of their contracts whose respective teams aren't planning to deal. However, the Hawks and Jazz could reconsider their stances as the deadline approaches, if there's an increasing concern that those players will leave in free agency.
• While there's no urgency in Toronto to move Jose Calderon, the Raptors are expected to explore deals. Kyler suggests that small forwards like Omri Casspi and Wilson Chandler are worth keeping an eye on as potential Raptors targets, adding that Chandler isn't in the Nuggets' long-term plan.
• The Rockets likely aren't done dealing, with players like Daequan Cook, Toney Douglas, and Marcus Morris among the team's possible trade candidates.
• DeJuan Blair continues to be available, but the Spurs are still seeking a first-round pick, and it's unclear if any team would pay that price for a player that could sign elsewhere at season's end.
• Anderson Varejao isn't likely to be moved, but if the Cavaliers were to consider a deal, it would have to include Luke Walton and his $6.09MM salary.
• Similarly, if the Kings explored a Tyreke Evans trade, Sacramento would want to include either John Salmons or Francisco Garcia.
• The Timberwolves would be open to moving Derrick Williams if they could land a good veteran player for him.
• Kyler also names Hedo Turkoglu, Tayshaun Prince, Tyrus Thomas, and Wesley Johnson as trade candidates, though all those players could be tough to move due to their salaries.

WEDNESDAY, 1:44pm: The Knicks and Rockets have officially completed the sign-and-trade that will send Camby to New York, the Knicks announced in a press release.

MONDAY, 6:47pm: The Knicks will acquire Marcus Camby from the Rockets via sign-and-trade in a deal sending Toney Douglas, Josh Harrellson, Jerome Jordan, and draft picks, sources told Wojnarowski (Twitter link).  Camby's deal will be a three-year pact worth $13.2MM with the final year partially guaranteed, according to Wojnarowski (Twitter links).  The big man will make $10MM in the first two seasons and $3.2MM in the final year, if he stays on.

The Rockets will get the Knicks' second round picks in 2014 and 2015, Wojnarowski tweets.  Meanwhile, the Knicks will pay Douglas' salary of $2.1MM in Houston.

Camby met with Knicks brass on Sunday and the two parties hit it off.  The 38-year-old proved last season that he still has plenty left in the tank as he averaged 9.0 rebounds per contest for the Blazers and Rockets.  Camby had said earlier in the offseason that he would like to return to Houston but changed his tone as he believed the club's moves were made with an eye on rebuilding rather than contending next season.  The Heat and Nets were also in on the big man.

Douglas, 26, began the 2011/12 season as a member of the Knicks' starting lineup but saw his minutes erode over time.  The guard was also hampered by shoulder issues throughout the year and finished the campaign with 6.2 PPG and 2.0 APG in 38 games.

Meanwhile, Harrellson and Jordan have non-guaranteed contracts and can be waived at no cost to Houston.  If they choose to hang on to either center, they will cost just $762K, the minimum for players with one year of NBA experience.

5:15pm: NBA.com's David Aldridge tweets that Nash has yet to make a final decision on where he wants to play. He adds that the Suns are waiting on the Hornets' decision on matching Eric Gordon's offer sheet before engaging in sign-and-trade talks.

2:25pm: The Mavericks and Raptors haven't conceded yet, and remain in discussions for Nash, tweets ESPN.com's Marc Stein.

12:35pm: The Lakers were also exploring a sign-and-trade deal for Nash, but their efforts so far have been blocked by the Suns' brass, who have no desire to send Nash to a division rival, tweets ESPN.com's Marc Stein.

12:07pm: The Knicks have emerged as the frontrunners for Nash, tweets Adrian Wojnarowski of Yahoo! Sports. According to Wojnarowski (via Twitter), the Knicks and Suns are in the "critical stages" of negotiating a sign-and-trade deal that would pay Nash $27-30MM for three years.

ESPN.com's Marc Stein tweets that the Knicks would prefer not to include Shumpert and are looking to include a third team to join the deal to avoid including him. However, they'll include Shumpert if they have to, a source tells Stein (Twitter link).

11:46am: While the Knicks and Suns haven't reached any agreement, the Knicks are offering a package headlined by Iman Shumpert, according to ESPN.com's Marc Stein.

11:32am: Berman now tweets that the Knicks and Suns are still working on a sign-and-trade deal, and that "nothing is done" at this point.

11:03am: Berman has since deleted his tweet, so it's unclear if his report stands. We'll keep you posted on the latest developments.

10:48am: The Knicks are "closing in" on a sign-and-trade deal to acquire Steve Nash from the Suns, tweets Marc Berman of the New York Post. In order to pay Nash a competitive salary and make a sign-and-trade palatable for the Suns, the Knicks will likely have to include Iman Shumpert and a handful of players on expiring contracts, including Toney Douglas, Jerome Jordan, Josh Harrellson, and Dan Gadzuric.

The Raptors, Mavericks, Lakers, and Suns are among the other teams in the running for Nash. Toronto appeared to deal a death blow to the Knicks' chances of a sign-and-trade for the veteran point guard when they agreed to sign Landry Fields to an offer sheet worth about $19MM. Fields had been viewed as the most likely candidate to be included in a sign-and-trade deal to the Suns.

Previous reports have suggested that if the Knicks do part with Shumpert in a sign-and-trade for Nash, it will likely be James Dolan's decision, as most members of the team's front office are reluctant to part with the young guard.

The Knicks decision to pick up Toney Douglas' team option for the 2012/2013 season on January 25 may impact their financial flexibility this offseason, writes Jim Cavan of The New York Times. The former Florida State star was struggling at the time but the team was left with few options at point guard as Linsanity was still a few weeks away from captivating the attention of the entire league. Douglas was relegated to the bench for the majority of the remainder of the season but will still cost the Knicks $2.1MM next season, limiting their options as they look to retain a series of free agents and add backcourt depth this summer.

Alex Raskin of NJ.com points out that while Douglas can be limited offensively, his defense could be an asset for the Knicks if rookie sensation Iman Shumpert misses significant time to start next season. While this is a nice bonus for the Knicks, it does not provide them with the type of point guard they are looking for to help complement Lin's skill set and foster his continued growth as a player. Simply put, the Knicks would be in a better position to attract the likes of Steve Nash, who resides in Manhattan during the offseason, if they hadn't picked up Douglas' option back in January.

Douglas began the 2011/2012 season as the Knicks starting point guard but quickly lost his job to Shumpert, who finished fifth in the Rookie of the Year vote announced early Tuesday. The Knicks explored trading Douglas in March when he fell out of the team's rotation thanks to strong play by Jeremy Lin but were unable to find a suitor. The 26-year-old point guard averaged 6.2 PPG and 2.0 APG in 38 games while playing a career-low 17.3 minutes per contest.

The Knicks find themselves with a mini-break after handling the Magic on Thursday night with a 96-80 victory.  They'll be back in action on Sunday and led by a familiar face at the point.  More on that and other items out of MSG..

• Coach Mike Woodson says the team will not add a point guard, reports Jacob Zwerling of ESPNNewYork.com. He believes the combination of Baron Davis, Toney Douglas and Mike Bibby, along with Iman Shumpert if necessary, is "plenty."
• General Manager Glen Grunwald looked to trade point guard Toney Douglas at the deadline but couldn’t find value for him as his stock had plummeted, writes Marc Berman of the New York Post.  Douglas has a year left on his pact at $2MM and is the only Knicks one-guard who isn’t a free agent after this season.  The Florida State product is now seeing regular time due to Jeremy Lin's season-ending injury.
• Ian Begley of ESPNNewYork.com wonders if the Knicks might consider bringing Isiah Thomas back to New York now that he has been let go as coach of Florida International University.  Begley points to owner James Dolan's admiration for the former Knicks coach/exec and his attempt to hire him as a consultant less than two years ago.
• Meanwhile, Berman doesn't expect the Knicks to offer Thomas a gig.  According to sources, Dolan isn’t ready to name Thomas to a formal position, even with Donnie Walsh’s position soon coming to an end.  Walsh has been granted permission by the club to explore GM opportunities elsewhere.

The Knicks are exploring trade options involving Toney Douglas, a source tells Jared Zwerling of ESPN New York. ESPN.com's Chris Broussard confirms the report.

Douglas, 25, averaged 10.6 PPG in 81 games for the Knicks last year, and begin this season as the team's starting point guard. However, following the emergence of Jeremy Lin, the return of Baron Davis, and the signing of J.R. Smith, Douglas has disappeared from New York's rotation. He hasn't played since February 15th, his only action in the last month.

Marc Berman of the New York Post suggested last week that the Knicks could listen to offers on Douglas. Berman speculated that New York would be seeking a couple of second-round picks for the former first-rounder.

The Knicks wrap up their four-game road trip in Milwaukee tonight, hoping to salvage a win after losses in Boston, Dallas, and San Antonio. In the meantime, here are a few Friday morning Knicks links:

• Unlike Tyson Chandler, who Mike D'Antoni called the Knicks' "most irreplaceable player," Carmelo Anthony has looked very replaceable lately, according to Marc Berman of the New York Post.
• Howard Beck of the New York Times argues that blaming Anthony for the Knicks' recent struggles is too easy. An overcrowded rotation means certain players may not be getting the minutes they require to be effective, says Beck.
• Toney Douglas is one player who has been a casualty of the Knicks' increased depth, and Berman writes that Douglas is trying not to think about the upcoming trade deadline. "I want to be a good teammate," Douglas said. "I don’t want to talk about that or deal with that. I can control what I can control. That’s me working out, being ready. I don’t want to get into all that."
• If the Knicks were to deal Douglas, they'd likely want a couple of second-round picks, says Berman.
• Moke Hamilton of Sheridan Hoops thinks current Blazers coach Nate McMillan is a good candidate to be the next coach of the Knicks.

Earlier this week, Steve Kyler of HoopsWorld began exploring trade options for all 30 NBA teams, sharing the latest rumors and rumblings along the way. Kyler discussed ten teams on Tuesday, and looks at ten more today. Here are some highlights from the piece:

• The Pacers aren't looking to trade anyone, but would take advantage of their cap space to absorb salary if it meant acquiring a draft pick as well.
• Lakers sources insist the team still views Pau Gasol as an All-Star and would only trade him if it meant getting another All-Star back. L.A. isn't currently pursuing Dwight Howard, and any move the team makes will probably involve its $8.9MM trade exception.
• If the Grizzlies do anything before the trade deadline, it will likely involve O.J. Mayo, who has drawn interest.
• Carlos Delfino is an attractive target for a few teams, but Beno Udrih is the more likely trade candidate to be dealt by the Bucks.
• Trade talk surrounding Deron Williams could pick up before March 15th, if the Nets become concerned about their chances of acquiring Dwight Howard and signing Williams long-term.
• Trevor Ariza and Jarrett Jack could be had, but the price for most Hornets is an unprotected first-round pick, which seems like a long shot.
• The Knicks may consider moving Toney Douglas for a draft pick, in part to clear a roster spot for a player waived after the trade deadline.