Donnie Walsh is not ready to pull the plug on the season. In fact, according to multiple sources, the Knicks president is working to make an aggressive play to acquire exiled Houston Rockets star Tracy McGrady before next Thursday's trade deadline.
Newsday has reported that Walsh went to see McGrady's progress as he works out with a personal trainer in Chicago and, according to a person with knowledge of the situation, Walsh was mulling another visit as the deadline neared.
A source told Newsday Wednesday that Walsh was working to find a third team to step in and help him execute a trade that would involve multiple players. With all of his roster spots filled, Walsh cannot take on two-for-one trades unless there is a third team that can acquire the extra player. It was not known if this deal involved McGrady or if it was a separate situation. Walsh is also believed to be seeking a point guard at the deadline, with Milwaukee's Luke Ridnour, who is being shopped by the Bucks, a strong possibility.
Yahoo! Sports reported the Knicks, Rockets and Wizards had discussions about a three-team deal that would send McGrady to the Knicks, who are owned by Cablevision, which also owns Newsday, with Al Harrington going to Washington and Caron Butler and Brendan Haywood going to Houston.
The Washington Post confirmed the talks took place, but added it "doesn't have legs right now." ESPN.com listed the Knicks among five teams involved in McGrady talks, along with the Wizards, Bulls, 76ers and Suns.
McGrady, 30, is a low-risk gamble for the Knicks because the seven-time All-Star is in the final year of his contract, which will pay him $23 million this season.
The Knicks are believed to be his most ideal scenario because it would allow him the opportunity to dominate the ball and showcase himself before he hits free agency this summer. The Knicks (19-32), who are six games out of a playoff spot, would hope to catch lightning in a bottle.