New York, NY (My Sportsbook) - The New York Knicks reportedly acquired guard Larry Hughes from the Chicago Bulls in exchange for forward Tim Thomas, guard Anthony Roberson and center Jerome James on Thursday.

According to the New York Times, the Knicks also dealt forward Malik Rose to Oklahoma City in exchange for forward Chris Wilcox, who became available when Tyson Chandler failed his physical on Wednesday, nullifying a four-player trade between the Thunder and New Orleans Hornets.

The 30-year-old Hughes, who Chicago acquired in a deadline-deal last season, is scheduled to make $13.6 million for the 2009-10 season.

The 11-year veteran has averaged 14.7 points for five teams in his NBA career after arriving in the league as a top-10 pick of Philadelphia after just one season in college at St. Louis.

New York will be the fourth stop in Wilcox's seven-year career. The Maryland product, who averaged 8.4 points and 5.3 rebounds in 37 games this season for the Thunder, is a free agent after this season.

The oft-traveled Thomas has played for the 76ers, Bucks, Knicks, Phoenix, Clippers and a short three-game stint with the Bulls in 2005-06. The 31-year- old has played in 788 career games, averaging 11.7 points and 4.2 rebounds per contest.

Roberson and James were mere fill-ins in the New York/Chicago deal, while Rose, a 13-year veteran out of Drexel, has averaged just under nine minutes per game for New York this season, putting up a career-low 1.7 points and 1.7 rebounds an outing.