Tracy McGrady is reportedly finalizing a one-year deal with Qingdao of the Chinese Basketball Association and is expected to leave for China by the end of October, according to a report from Adrian Wojnarowski of Yahoo! Sports:
McGrady, 33, will likely complete the deal within the next couple days and leave for China within the next one to two weeks, sources said. McGrady's long-time partnership with former Houston Rockets center Yao Ming made McGrady a popular player in China, and he'll be afforded star status there.
He had worked out with the New York Knicks and San Antonio Spurs over the past month, but both teams decided to pass on him. McGrady was reportedly being strongly considered by the Knicks until Rasheed Wallace entered into the picture, prompting New York to give one of their last two roster spots to Wallace instead of McGrady.
His signing with the CBA doesn't necessarily spell the end of his NBA career, nor does it rule out the possibility of a return to the league this season. The season in China ends in March, so theoretically he could return to a playoff team in the NBA this season.