The Sacramento Kings have agreed on trading Ron Artest to the Houston Rockets for Bobby Jackson, a first round pick in 2009, and another player who is rumored to be either Carl Landry or Shane Battier. There is also some cash involved in the deal.

The trade has not yet been finalized but several sources have indicated today that it is pretty much a done deal. Ron Artest will team up with Tracy McGrady and Yao Ming and the Rockets are now immediately considered to be title contenders.

Previously, many sources believed that either the Lakers or the Mavericks would be involved in a trade but the teams did not want to part with Lamar Odom or Josh Howard respectively.

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