Marcus Camby Is Returning To New York

The Houston Rockets and the New York Knicks have come to terms on a sign-and-trade that will send Marcus Camby to New York. The terms of the deal are as follows:

Houston receives:

  • Toney Douglas
  • Josh Harrellson
  • Jerome Jordan
  • Knicks’ 2014 Second Round pick
  • Knicks’ 2015 Second Round pick
  • Cash considerations to cover Douglas’ salary.

New York receives:

  • Marcus Camby

Camby will sign a three-year, $13.2 million deal with the third-year partially guaranteed. According to Marc Spears, the first two years will guarantee Camby $10 million. The monetary value of the deal is irrelevant, since the Knicks will be capped out anyways. The only financial implications this will have is on Dolan’s wallet. Camby will prove to be a very valuable backup for Tyson Chandler, and will help on both the offensive and defensive ends of the floor.

Updated financials after the jump…

Yes, it might appear like the Knicks gave up a lot for Marcus Camby, but in reality, they didn’t give up a role player. Douglas and Jordan wouldn’t have seen playing time this season unless several players got injured, and were likely to be included in a sign-and-trade anyways. I would’ve preferred to keep Harrellson, but with Novak inking a four-year deal today, his minutes would have decreased as well. Now, the Knicks have a very serviceable big man in Camby that will allow for Tyson Chandler to get some legitimate rest, night in and night out.

After this trade, the Knicks still have one non-gaurenteed contract they can trade. Dan Gadzuric and his $1,352,181 contract can be sent out in a deal, which would allow the Knicks to take back $2,128,271 in first-year salary. They will also have around $1 million to sweeten the deal, if they only give the Rockets enough money to cover Douglas’ contract.

Also, the Knicks likely included two second-round picks so they could preserve Gadzuric for another sign-and-trade.

As well as $1 million, the Knick can part with the rights to Ahmad Nivins, Georgios Printezis and Kostas Papanikolaou, but since none of them are under contract, they wouldn’t help the Knicks take back more salary.

Unless Jason Kidd will accept a deal that pays him the $2,128,271 in the first year, the mini-MLE will be his, and the Knicks will be left to recruit a shooting guard by dangling Dan Gadzuric’s contract in a sign-and-trade. Of course, the Knicks will also have veteran’s minimum contracts available to hand out.

I’m happy to have Camby back in New York, and despite giving up a lot of players, the Knicks gained one player that will contribute, for three players that would struggle to find playing time. Like it or not, Grunwald is making moves to improve this team.

Good deal in my books.

  • Pavlos Georgiou

    yeah grunwald looks like he gets the job done- hes serious about winning now – he wants veterans- keepin only young Lin and shumpert

  • Seymore Buddha

    2.2-3 mil FOR LEE he’s sitting right there in Houston.

    • Jonah Kaner

      Yeah, but he’ll likely get more than that. I don’t think he’ll get less than $3-4 million.

  • Nacho FP

    What do you expect now? do you think that we’ll see new moves at Knicks squad or this is it ?

    • Jonah Kaner

      Well, right now their main priority is getting JR Smith to re-sign for the $2.8 million. After that, I think they’ll look to add another SG.

      With that said, I wouldn’t expect any major moves to go down.

  • Anonymous

    How about Balkmans contract? It’s still in the books! Isn’t that a valuable asset??

    • Jonah Kaner

      Good point. Been researching a bit and it looks like he can be included. Updating now.

      • Anonymous

        Thanks for the clarification!

  • Brian Kalinka

    What about Michael Redd? I don’t think a lot of teams would offer him more than the veterans minimum.

  • big b

    can the knicks package jr smith and dan in sign and trade for oj mayo. we need a playmaker and oj would love to eat up minutes

    • Brian Webster

      Knicks can only sign JR for max of $2.8M so 150% of that would be $4.2M + the $2.1M for Gadzuric not positive if they can get OJ for $6.3M or if Memphis would want those 2 back in return. But I’m more sure since I think JR is signing at a discount with the Knicks at $2.8M that he wouldn’t do it to be traded to Memphis.

      • Jonah Kaner

        Spot on, Brian. If he re-signed, he’d be doing the Knicks a favor, but I doubt he’d agree to a sign-and-trade below his market value just to help the Knicks.

  • Brian Webster

    Why not include Gadzuric instead of Jorts and Jordan aren’t they about equal value contractually? If another deal can’t be struck they could at least provide some value and promise to develop for the Knicks. They’d also be more appealing to deal to another team and they already sweetened this deal with picks and $. Do Rockets really like one or both or are they just non guaranteed contracts they plan to cut? If they are cut could Knicks bring one or both back?

    • big b

      no, not after a year i believe

    • Jonah Kaner

      The Knicks couldn’t sign Jordan or Harrellson if their waived until July 1 next year. There’s a season long restriction.

      For the Rockets, I think it has to do with attractiveness for a potential DH12 deal. Harrellson is a cheap, serviceable player the Magic might want to keep – or use in another trade for that matter – while Gadzuric is an insta-cut.

      • Brian Webster

        That would be a great worthwhile byproduct of this trade if Rockets can use the pieces Knicks gave them in any way to snag Howard. That would huge for Knicks outlook in division and thus conference. But this Nets deal seems too far along and a foregone conclusion.

  • Harris_Tweeter

    Don’t we also have the bi annual exception?

    • Jonah Kaner

      No. “This exception cannot be used if the team has already used the Bi-Annual, Non-Taxpayer Mid-Level or Taxpayer Mid-Level exceptions.”

      Knicks will be using their taxpayer MLE on Kidd…

  • Scoise

    Can anybody make a hi-res version of that banner pic? That has computer background material written all over it.

    • Jonah Kaner

      I’d love to, unfortunately I can’t find a high quality version of the original image. If you do, I’d be more than happy to put it together.

      • Scoise

        I looked for a while but couldn’t find anything and then decided to ask here…

        oh well, I’d much rather see him on the court than on my computer screen anyway!