Knicks Acquire Marcus Camby Via Sign-And-Trade

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.

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Free Agent Rumors: Lucas, Camby, Lewis

Jeff Green reached an agreement to remain with the Celtics on Saturday, while Aaron Brooks became an unrestricted free agent after the Suns withdrew their qualifying offer to the guard. What will Sunday bring? Here are the latest rumors on a number of free agents still on the market:

Earlier updates:

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Mavericks, Cavaliers, Rockets May Interest Bynum

Yahoo's Adrian Wojnarowski tweets that the Mavericks and Cavaliers are teams with cap space that could interest Andrew Bynum during his pending free agency in 2013. He also mentions the Rockets as another potential suitor. The Lakers recently exercised Bynum's $16.1MM team option for the 2012-13 season, and the 24-year-old center is currently slated to become a free agent next summer. 

Odds & Ends: Magic, Beasley, Rockets, Cousins

The Celtics have had a mixed bag of an offseason thus far as they've managed to retain major pieces such as Kevin Garnett and Jeff Green, but lost Ray Allen last week to the Heat. The latest news out of Boston makes the Jason Terry signing look even more important as Avery Bradley is expected to miss the start of the season as he undergoes surgery on his right shoulder later this week. While he could be back shortly after the season begins, the young guard will miss training camp and could be out until mid-December, writes Steve Bulpett of the Boston Herald. Let's check in around the league to catch up on the latest news and stories making headlines…

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Latest On Marcus Camby

7:31pm: Chris Mannix of Sports Illustrated tweets that the Heat are not interested in including Joel Anthony or Norris Cole in any sign-and-trade deals. Also, Rashard Lewis appears to be their number one target (Twitter link), thus making Camby less of a priority right now. 

5:08pm: Mark Berman of Fox 26 in Houston reports that the Rockets are willing to work out a sign-and-trade with any team, not just the Heat or the Knicks. 

4:50pm: Jared Zwerling of ESPN.com notes via Twitter that Camby's meeting with the Heat, originally scheduled for this morning, was postponed, not canceled. 

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Dwight Howard Rumors: Saturday

There wasn't much movement on the Dwight Howard talks yesterday but the Nets, Lakers, Hawks, Mavericks, and Rockets are all still in play for the Magic star.  Of course, four of those teams could have pause about trading for Howard as he says that he won't agree to an extension with any club other than Brooklyn.  We'll keep track of the latest Howard rumors in this post..

  • Ken Berger of CBS Sports writes that the Rockets continue to have their eye on Dwight and are continuously exploring ways in which they can acquire draft picks and cap space. After dealing Kyle Lowry to the Raptors for a future first-round pick this past week, it is understood that Houston is engaging in sign-and-trade talks involving Marcus Camby under the premise of accumulating more draft picks, which could later be used to sweeten a trade offer to the Magic

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Suns Pull Qualifying Offer To Aaron Brooks

SATURDAY, 5:38pm: According to a tweet by Alex Kennedy of HoopsWorld, the Suns have officially withdrawn their qualifying offer to Brooks, making him an unrestricted free agent. 

3:10pm: Kennedy and Brooks have deleted their tweets, and Jonathan Feigen of the Houston Chronicle, reporting mutual interest between Brooks and the Rockets, refers to Brooks as a restricted free agent. So, it appears the issue has not yet been finalized.

2:04pm: Alex Kennedy of HoopsWorld confirms the Suns have withdrawn the qualifying offer, making Brooks an unrestricted free agent (Twitter link).

FRIDAY, 10:45pm: It appears that the Suns have withdrawn their qualifying offer to Aaron Brooks after the guard sent out a tweet reading, "Unrestricted :-)."   If Phoenix has in fact pulled the qualifying offer from Brooks, he is now an unrestricted free agent.

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Rockets Rumors: Camby, Brooks, Felton, Sessions

Earlier today, we learned that the Rockets are no longer the frontrunner for Marcus Camby as the big man isn’t overly thrilled with the direction that the club seems to be going in.  While the veteran hopes to play for the here-and-now, Houston’s moves this summer indicate that they plan on rebuilding.  Here’s the latest on Camby and the Rockets..

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Free Agent Rumors: Meeks, Sessions, Gee, Cavs

The Rockets are now in play for free agent guard Ramon Sessions, a source tells Jeff Caplan of ESPNDallas.com.  The 26-year-old is said to be seeking a starting job and the security of a multiyear deal, something that the Mavericks seem prepared to offer.  We ran down the day’s free agent rumors earlier today, here’s the latest batch..

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Rockets No Longer Frontrunner For Camby

4:09pm: Marc J. Spears of Yahoo! Sports confirms (via Twitter) that the two teams Camby is visiting in the coming days, the Heat and Knicks, are the frontrunners to land him.

3:23pm: If the questions I received in yesterday's live chat were any indication, Rockets fans aren't entirely on board with the direction of the team's offseason so far. It seems that stance may extend to the team's free agents as well, as a source tells Chris Tomasson of FOX Sports Florida (Twitter link) that Houston is no longer Marcus Camby's preferred destination. According to Tomasson, Camby's tune has "changed greatly" this week, and he's now wary about re-signing with the Rockets, since the team appears to be rebuilding.

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