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The Holdup Might be the 1st Rounder...


The Houston Rockets and New York Knicks are "making progress" in their Tracy McGrady trade discussions, according to a source close to the talks that spoke with ESPN.

Donnie Walsh is expected to speak with owner Jim Dolan on Wednesday to discuss the parameters of the deals that have been discussed, and what their next step should be.

Several sources say the main holdup to this point has been the Rockets insistence on asking for at least one future No. 1 pick as the price for taking on Jared Jeffries, who is owed $6.9M next season.

If the teams swap McGrady, Brian Cook and Joey Dorsey for Larry Hughes, Jeffries and Jordan, the Rockets would drop almost $2 million below the luxury tax threshold and would be eligible for a $4-plus million tax redistribution payment.

Via: http://basketball.realgm.com/src_wiretap_archives/64757/20100216/holdup_between_knicks_rockets_appears_to_be_future_pick/

I personally think a reason this deal won't happen till Thursday is maybe because Morey is trying to figure out what to do after this trade. I think he is seeing what he can get out of Hughes, Jeffries...

Thoughts...


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