Adrian Wojnarowski of Yahoo Sports writes that the Knicks are discussing a deal that would bring Tracy McGrady to the Big Apple.

The centerpieces of the trade would include the Washington Wizards shipping forward Caron Butler and center Brendan Haywood to the Rockets. The Knicks would send Al Harrington to the Wizards. For the Wizards’ part, they would still need another player, as well as a draft pick and cash to make this a workable scenario, sources said.

Let’s look at this proposed trade from the perspective of all three teams.

The Houston Rockets would be the big winner because they’d get Caron Butler and possibly Brendan Haywood. Haywood’s deal is expiring while Butler has one more affordable year ($10.6 million) on his contract. They’d essentially get an All-Star caliber player and a good defensive center for the price of a player that they’ve banished from their team (McGrady).

The New York Knicks would acquire T-Mac, who is a mystery at this point in his career. Can he still play? No one really knows. Since his contract is worth $22 million, just giving up Al Harrington ($10.0 M) isn’t going to be enough. They have a number of players with expiring contracts that they could include (Larry Hughes, Darko Milicic, Chris Duhon, Nate Robinson), but they would really like to unload Jared Jeffries, who has another year remaining on his deal. John Hollinger puts the Knicks’ playoff chances at 0.5%, so they don’t have much to play for this season. They probably weren’t going to re-sign Harrington anyway, so with this trade, they’d roll the dice on T-Mac and see if he has anything left. If they like what they see, they’d try to re-sign him this summer. If they can include Jeffries in the deal, it would be pretty much a no-brainer for the Knicks, which makes me wonder what Washington is thinking.

Ah, the Wizards. They’d essentially be giving up Butler and Haywood for Al Harrington and whomever else the Knicks sent them. It’s possible that the Rockets could send over a young piece like Kyle Lowry. Something like that would have to be in the works because it makes no sense to trade Butler for Harrington. They’re the same age and Butler is simply the better player. Unless they’re looking to completely blow the team up, the Wizards should focus on getting a young piece for Jamison, who is 33 and has a bigger contract.

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