By Brett LoGiurato
July 10, 2012

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.

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.

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