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Yet Another Update: Knicks Deal Reached

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ESPN Reporting:

The Rockets get Kevin Martin, Jordan Hill and Jared Jeffries from New York and will have the right to swap first-round picks with New York in 2011 as well as take on New York's 2012 first-round pick.

I don't know how I feel about taking Jeffries now. That probably eliminates the Rockets' cap space, making signing Scola/Lowry for a reasonable price this summer much more difficult.

And, yeah, if there's more updates, we'll try to put them here, I guess. It's getting kinda crowded.