Knicks discuss deal for McGrady

The Houston Rockets are in the discussion stages of a complicated, three-team trade that would send Tracy McGrady(notes) to the New York Knicks, sources told Yahoo! Sports.

The centerpieces of the trade would include the Washington Wizards shipping forward Caron Butler(notes) and center Brendan Haywood(notes) to the Rockets. The Knicks would send Al Harrington(notes) to the Wizards. For the Wizards’ part, they would still need another player, as well as a draft pick and cash to make this a workable scenario, sources said.

Other players and contracts would still need to be agreed upon for a deal to come together, but there is a framework to the discussions.

The Rockets have been peddling McGrady’s expiring contract of $23 million since exiling him in late December.