Marcus Camby is returning to New York, while the Houston Rockets continue to reshape their roster.
Camby, 38, agreed Monday to rejoin the Knicks in a deal that sends three players and two second-round draft picks to Houston, according to a source.
Yahoo Sports reported that Camby has a three-year, $13.2 million deal.
The Rockets will get guard Toney Douglas, centers Josh Harrelson and Jerome Jordan and second-round picks in 2014 and '15.
Camby, 6-foot-11, will be back in New York where he played from 1998 to 2002. He helped the Knicks make a surprising run to the 1999 NBA Finals.
Though he has battled injuries during his 16-year NBA career, he's still a productive rebounder and shot blocker. He should become a valuable backup at center to Tyson Chandler, last season's NBA Defensive Player of the Year.
Heat: Dwyane Wade had a 20-minute surgical procedure Monday on his left knee and is expected to need up to eight weeks to fully recover.
Nets: Deron Williams can sign his five-year, $98 million extension with Brooklyn tonight and will be able to participate in the U.S. Olympic team's practices Wednesday.
Kings: Sacramento has signed first-round pick Thomas Robinson to a rookie contract.
Hornets: New Orleans added top overall NBA draft choice Anthony Davis to its Las Vegas summer league team.
Knicks: Guard Steve Novak is returning to New York with a four-year deal worth $15 million.