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The New York Knicks and Sacramento Kings are finalizing a trade that will send Wayne Ellington, Jeremy Tyler and their 2016 second-round draft pick to Sacramento in exchange for Travis Outlaw and Quincy Acy, reports USA Today's Sam Amick. The Knicks were reportedly looking at options to unload Ellington, who is on an expiring $2.2 million contract.
Tyler's $948,163 contract is fully unguaranteed until Sept. 15, 2014. The Kings will owe him $100,000 in guaranteed money if he is not waived by that date, however. Ellington cannot be offiically traded until Aug. 25.
Acy and Outlaw are also on expiring contracts, earning a combined $3.9 million through the 2014-15 season. Outlaw, an 11-year veteran, will join the fifth franchise of his career. The former late first-round selection averaged 5.4 points and 2.7 rebounds per game while shooting 35 percent from beyond the arc last season for the Kings.
Acy will join his third team in as many years, unable to find his niche in the NBA. He averaged just 13.4 minutes per game in 63 appearances with the Toronto Raptors and Kings last season.