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Tracy McGrady is heading to the New York Knicks, who now have more than $9 million of additional salary cap space to use in free agency this summer.

Gilbert Arenas is scheduled to meet face-to-face with NBA commissioner David Stern on Wednesday for the first time since the gun incident that put Arenas' future with the Washington Wizards in doubt, sources close to the situation confirmed.

The 76ers have reconsidered their stance about bringing back Allen Iverson and are weighing the merits of signing him, but team sources told ESPN.com that Iverson's return is not a certainty.

Sources say that the NBA and referees are getting closer to an agreement to end the lockout.

Portland Trail Blazers coach Nate McMillan is flying to Orlando to have a Wednesday night dinner with the Blazers' top free-agent target, Hedo Turkoglu.