Tyson Chandler is joining the New York Knicks, but he's not leaving the Dallas Mavericks empty-handed. The Knicks and Mavs agreed to a sign-and-trade, Howard Beck of the New York Times has confirmed, sending Chandler to New York and Andy Rautins to Dallas. More importantly, the Mavs will also receive a trade exception, which gives them the option of making another lopsided trade sometime in the next 12 months.
If you recall, the Mavs (as well as the Lakers and Nets) have been granted permission by the Magic to speak with Howard about a potential trade. It's not clear what players the Mavs would offer Orlando to make that deal happen, but the trade exception can only help.
Chandler signed a four-year deal worth $58 million. As Seth from Posting and Toasting breaks down, the Knicks had to do some juggling to clear the cap space to sign Chandler, namely dumping Chauncey Billups with the amnesty clause, trading Ronny Turiaf to the Wizards for a trade exception and withdrawing a qualifying offer to Derrick Brown.
The Knicks are expected to officially introduce Chandler at a 2 p.m. ET press conference.
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