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NBA Free Agency 2012: Marcus Camby Officially Acquired By New York Knicks In Sign-And-Trade

The New York Knicks announced on Wednesday that they have officially acquired Marcus Camby via a sign-and-trade deal with the Houston Rockets. The deal was agreed upon earlier this week, but could not be completed before Wednesday because of the NBA's free agency moratorium period.

In exchange for Camby, the Knicks traded Toney Douglas, Josh Harrellson, Jerome Jordan and two future second-round picks.

The 38-year-old Camby averaged 4.9 points, 9.0 rebounds and 1.4 blocks per game last year while splitting time with the Rockets and Portland Trail Blazers. He was one of the NBA leaders in rebounding rate, and is expected to allow New York to maintain its elite defensive efficiency when Defensive Player of the Year Tyson Chandler rests on the bench.

Camby will reportedly receive a contract from the Knicks that will pay him $13.2 million over the next three seasons.

For more on the Knicks, visit Posting and Toasting.