Steve Francis is headed to New York under a deal agreed to Wednesday by the Knicks and the Orlando Magic.
The teams agreed to a trade of Francis for Penny Hardaway and Trevor Ariza, two league sources with knowledge of the deal told ESPN.com.
The trade was expected to be announced later Wednesday afternoon after being called in to the league office.
In New York, Francis will be paired with Stephon Marbury as the highest-paid backcourt duo in the NBA.
The teams agreed to a trade of Francis for Penny Hardaway and Trevor Ariza, two league sources with knowledge of the deal told ESPN.com.
The trade was expected to be announced later Wednesday afternoon after being called in to the league office.
In New York, Francis will be paired with Stephon Marbury as the highest-paid backcourt duo in the NBA.