Report: Marcus Camby, New York Knicks agree to three-year deal

Marcus Camby has agreed to sign a three-year, $13.2 million deal with the New York Knicks, Yahoo! Sports‘ Adrian Wojnarowski reported on Twitter Monday night. The deal is part of a sign-and-trade between the Knicks and Houston Rockets. In return, the Rockets will receive Toney Douglas, Jerome Jordan, Josh Harrellson and two second-round picks.

Marcus Camby has reached agreement on a deal with the Knicks, league sources tell Y! Sports.

— Adrian Wojnarowski (@WojYahooNBA) July 9, 2012

Houston and New York agreed on a sign-and-trade deal sending Douglas, Harrelson, Jordan to Rockets for picks, sources said.

— Adrian Wojnarowski (@WojYahooNBA) July 9, 2012

The Rockets will get the Knicks’ second round picks in 2014 and 2015, source tells Y! The Knicks will pay Toney Douglas’ salary in Houston.

— Adrian Wojnarowski (@WojYahooNBA) July 9, 2012

Camby has agreed to a three year, $13.2 million deal with the Knicks, source tells Y! The final year includes a partial guarantee.

— Adrian Wojnarowski (@WojYahooNBA) July 9, 2012

The Knicks had been reported as the front-runners for Camby after the Miami Heat signed free-agent guard Ray Allen over the weekend. The San Antonio Spurs and Brooklyn Nets had also expressed interest in signing Camby.

Because they executed a sign-and-trade with the Rockets, the Knicks can now sign point guard Jason Kidd, their other prized free-agent acquisition, to their full mid-level exception. The Knicks also intend to match the four-year, $28.8 million offer sheet that point guard Jeremy Lin recently signed with the Rockets.

The 38-year-old Camby played in 59 games last season with the Rockets and Portland Trail Blazers. He averaged 4.9 points and nine rebounds per game. Camby previously played with the Knicks from 1998-2002.