Daryl Morey declined the Knicks' offer to send the Rockets Anthony Randolph in exchange for the return of full rights over New York's 2011 draft pick.

Houston was granted the right to swap their own pick for New York's pick, only protected for the first overall selection, in the Tracy McGrady deal completed on deadline day last February.

New York also traded Houston its 2012 pick outright but that pick is protected for the top five selections.