when the NBA's moratorium on trades ended, Houston dealt point guard Kyle Lowry to Toronto for a future first-round lottery pick and forward Gary Forbes.
The Rockets have been collecting draft picks for a potential package to entice Orlando to send All-Star center Dwight Howard their way. The Lowry deal was in place several days ago, and the Camby deal was agreed to on Monday.
The 38-year-old Camby will return to New York, where he played from 1998-2002. Yahoo Sports reported that Camby's deal was for three years and $13.2 million.
The 6-foot-11 Camby was the No. 2 overall pick in the 1996 draft and became a fan favorite in New York before the Knicks dealt him to Denver in 2002. He should become a valuable backup at center to Tyson Chandler, last season's NBA Defensive Player of the Year.
The Rockets obtained Camby from Portland at last season's trading deadline. He averaged 7.1 points and 9.3 rebounds in 19 games.
Houston is also expected to sign Bulls center Omer Asik and Knicks guard Jeremy Lin to offer sheets. Chicago and New York will have three days to match the Rockets' offers.A/P
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