Knicks Acquire Chandler; Amnesty Billups

The New York Knicks have acquired Tyson Chandler via a sign-and-trade as part of a three-team deal.

The Knicks sent veteran center Ronny Turiaf, cash considerations and a 2013 second-round pick to Washington. They also dealt second-year guard Andy Rautins to the Dallas Mavericks. Dallas sent a second-round 2012 draft choice to Washington and the draft rights to Ahmad Nivins and Giorgos Printezis to New York. Washington also sent a future second round draft choice to Dallas.

In addition, to create enough cap space to sign Chandler, the Knicks waived veteran guard Chauncey Billups, designating him as the club's amnesty player. Billups and his $14.2 million contract will not count against the Knicks' salary cap.