Update: Camby has agreed to a three-year deal with the Knicks, worth $13.2 million, Adrian Wojnarowski of Yahoo! Sports reports.
Recommendation: The final year of Camby's contract will include a partial guarantee. The deal is part of a sign-and-trade that will send Toney Douglas, Jerome Jordan, Josh Harrellson and two future second-round draft picks to the Rockets. At 38 years old, Camby does not bring much in terms of fantasy value, but he does provide the Knicks with an interior defensive presence off the bench.