The trade also includes Juwan Howard to Houston, while Orlando will get Steve Francis, Cuttino Mobley and Kelvin Cato in return. Of those five players, McGrady and Francis are protected and cannot be drafted by the Bobcats. If Charlotte passes on Howard, Mobley and Cato, then the deal is done, Gray reports.
Jim Gray is reporting this, here:
http://sports.espn.go.com/nba/news/story?id=1825839
UPDATE: Trade confirmed
Linked