The New York Knicks will acquire unrestricted free agent center Marcus Camby in a sign-and-trade with the Houston Rockets, according to a source close to Camby.
Camby's contract will be for $13.2 million over three years. The Rockets will receive guard Toney Douglas, center Jerome Jordan, forward Josh Harrellson and second-round picks in 2014 and 2015, according to a league source.
The deal cannot be finalized until July 11.
Camby appeared to be narrowing his choices down to the Knicks, Miami Heat and Brooklyn Nets. But after he postponed a meeting with the Heat on Saturday because they used their midlevel exception on Ray Allen, the Knicks were in the lead. The Nets had only a conference call with Camby, while the Knicks had a face-to-face meeting with him in Houston on Sunday, which a source close to the situation said was "very positive."