Because the Knicks traded Harrellson away, however, he can’t come back to them. Under the new collective bargaining agreement, teams that trade away players cannot re-sign them for a year after the trade – ending the previous common practice of a team trading away a player, only to see that player get bought out of his contract or waived and re-sign with the team that traded him 30 days after the deal was done.

The Rockets cut Harrellson after signing veteran swingman Carlos Delfino this week. Now, among the four players the Knicks sent to Houston in the Camby deal, only Toney Douglas remains on their roster, after the Rockets had cut Jordan last month.

– Reported by Tim Bontemps of the New York Post (Blog)