On the eve of the trade deadline, Donnie Walsh continues working to pin down the final elements of an offer that will land Tracy McGrady and shed the contract of Jared Jeffries.

Marc Stein of ESPN wrote late Wednesday that multiple sources expressed confidence that a trade to send McGrady to New York will ultimately be consummated.

Simultaneously, Walsh is working to swing a trade with the Bulls centered around Tyrus Thomas and Al Harrington.

Mike D'Antoni may be driving the Knicks' interest in Thomas. The coach is apparently enthralled with the idea of plugging the athletic talents of Thomas into his uptempo system.

Chicago is unlikely to extend the qualifying offer to Thomas during the offseason should they not be able to trade him.