Knicks general manager Donnie Walsh said Tuesday night that he doubts the team can clear more cap space prior to the Feb. 18 trade deadline.

New York is looking to make a deal in the next eight days, namely for a point guard and Tracy McGrady.

Walsh said if a deal is made, it's likely going to an exchange of expiring contracts.

"It's real simple strategy," Walsh said. "You get a good player who doesn't hurt you in the summer and helps you now, you consider it. Depending on who you have to give up, I think there's good players who will be available."