The Knicks will acquire Tyson Chandler from Dallas via a sign-and-trade.
The Mavericks will acquire a sizable trade exception in the process. The first year of Chandler's deal with the Knicks will be more than $12 million.
Dallas intends to be players in the 2012 free agency market and this acquisition will give them an extra asset.
The Mavericks will also receive a low-salaried player from the Knicks, reportedly Andy Rautins.