Via Knicks PR

New York Knickerbockers Executive Vice President, Basketball Operations and General Manager Glen Grunwald announced today that the team has acquired center Marcus Camby, via sign-and-trade, from Houston, in exchange for guard Toney Douglas, centers Josh Harrellson and Jerome Jordan and two future second-round draft choices. Per team policy, terms of the deal were not disclosed.

A source close to the situation tells me that the Knicks DID in fact include nearly the $3 million dollars cash in the deal to Houston.

“A little less than 3″ is what I’m told.