The New York Knicks continued to spend for quality depth before the end of the July Moratorium, agreeing to terms with veteran center Marcus Camby on a three-year, $13 million contract Monday in a sign-and-trade deal with Houston that will send Toney Douglas, Josh Harrelson and Jerome Jordan to the Rockets, along with two future second-round picks.
The 38-year-old Camby is still a productive player, averaging 7.1 points and 9.3 rebounds last season in 24 minutes a night for the Rockets after being traded to Houston from Portland for Jonny Flynn and Hasheem Thabeet. In New York he’ll be the backup to starter Tyson Chandler at center and spot Amar’e Stoudemire at power forward. It will be Camby’s second tour of duty in New York, after playing for the Knicks from 1998-2002.
His deal, according to a source, is only partially guaranteed for the third season, meaning it will either be a two-year deal for $10 million or revert to the three-year, $13 million deal if New York decides to keep him.
Douglas saw significant playing time as a rookie, but injuries and the electric play of Jeremy Lin consigned him to a deep reserve role last season. But in Houston, Douglas will be one of the few point guards on the roster. The Rockets have committed to giving Lin a four-year deal worth $28 million when the free-agent moratorium ends on July 11, but the Knicks are almost certain to match.
New York also agreed to terms last week with Jason Kidd to be Lin’s backup next season. Houston lost free agent Goran Dragic to the Suns in a free-agent deal and opted to trade last season’s starter at the beginning of the year, Kyle Lowry, to Toronto for a conditional Lottery pick.
The Rockets continue to amass assets in an attempt to acquire either Dwight Howard from Orlando or Andrew Bynum from the Lakers. In the last two weeks, Houston has acquired forwards Jon Brockman and Jon Leuer from Milwaukee in a trade sending center Samuel Dalembert to Milwaukee, taken Jeremy Lamb, Royce White and Terrence Jones in last month’s Draft after getting an extra pick from Minnesota for forward, Chase Budinger gotten the future Lottery pick from Toronto and gotten the three Knicks’ players.
Houston still has guard Kevin Martin, who’ll be entering the final year of his contract and forwards Luis Scola, Marcus Morris, Chandler Parsons and Patrick Patterson on its roster, and the Rockets are expecting 2011 first-round pick Donatas Motiejunas to come over next season from Europe.