Knicks Get Major Cap Relief ; Trade for Mcgrady, Shed Big Contracts

Summary


GREENBURGH, N.Y. -- The Knicks are now officially on the July 1 clock.

Thursday's on-the-fly three-team deadline deal brought them seven- time All-Star Tracy McGrady, plus point guard Sergio Rodriguez, but something far more important.

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Knicks Get Major Cap Relief ; Trade for Mcgrady, Shed Big Contracts

It gives them a league-high $30 million-plus of salary-cap space for the July 1 opening of the Summer of LeBron James and Friends, enough coin to belly-flop straight into the free agent pool and sign two mega-names.

Team ...

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