Jim Gray is reporting that the Rockets and Magic have completed a deal and are awaiting the results of the expansion draft.
The deal seems to be as of now: McGrady, Howard (Juwan), DeClercq, and Lue for Francis, Mobley and Cato.
The Magic will lose an unhappy star and gain one who is actually glad to be in Orlando:
"Francis, who has a $75 million contract, has told the Rockets that he does not want to be traded to Orlando. The Magic had the NBA's worst record last season while the Rockets made the playoffs. But Gray reports that Francis has no veto power and that the deal does not hinge on his approval.
"I thought we were really building something, something very good in Houston," Francis said. "Obviously that's not the direction they want to go. I still think we could be a very good team.
"I'm not crying. Like I told you before, I know this is a business. Things like that happen. I'm not mad. I'm not upset. This is what they're trying to do. But like I said, I still think we could be something."
Francis wouldn't comment about the possibility of going to the Magic.
Fried told the newspaper that Francis wasn't happy about the prospects of playing for the Magic in a rebuilding situation.
"Steve's preference is to not go to Orlando," Fried said. "Steve's tasted the playoffs. (The Rockets) got a series under their belts. He was looking forward to going further with the same Rockets team but with another year of experience together. This is certainly not his preference. He loves Houston.""