The Associated Press is reporting that the Rockets, Knicks and Mavericks have agreed to their week-old trade. Reportedly, both the Knicks and Mavericks have agreed to give the Rockets "future considerations" to compelte the deal, though no word on what those considerations are.

Earlier today, The New York Post reported that the 3-way trade was almost dead. The Knicks rejected Houston's request for a lottery-protected first round pick to compensate for Rice's injury.

On the other hand, Mitch Lawrence of the New York Daily News reported that all signs pointed to Houston accepting the deal.